Venture capital investment by state

From the Dow Jones VentureOne/Ernst & Young LLP Quarterly Venture Capital Report for Q1, here are the U.S. states ranked by amount of venture capital invested in Q1:

1. California $2.62 billion
2. Massachusetts $976 million
3. New York $402 million
4. Washington $310 million
5. Texas $247 million
6. Pennsylvania $245 million
7. New Jersey $139 million
8. Colorado $107 million
9. Maryland $101 million
10. Illinois $97 million
11. North Carolina $94 million
12. Georgia $80 million
13. Missouri $75 million
14. Utah $63 million
15. Connecticut $62 million
16. Minnesota $56 million
17. Virginia $52 million
18. Florida $46 million
19. Arizona $37 million
20. New Hampshire $36 million
21. Michigan $32 million
22. Indiana $31 million
23. Oregon $25 million
24. No state listed $18 million
25. District of Columbia $12 million
26. Hawaii $11 million
27. Kansas $10 million
28. New Mexico $8 million
29. Wisconsin $7 million
30. Wyoming $7 million
31. Oklahoma $3 million
32. Vermont $3 million
33. Tennessee $2 million
34. Ohio $2 million
35. South Carolina $2 million
36. Arkansas $2 million
37. States with no listed investmentsL: Alabama, Delaware, Idaho, Iowa, Kentucky, Louisiana, Maine, Mississippi, Montana, Nebraska, Nevada, North Dakota, Rhode Island, South Dakota, West Virginia

The survey data was obtained from professional venture capital firms that have invested in U.S.-based early-stage, innovative companies and do not include companies receiving funding solely from corporate, individual, and/or government investors.

Please note that there are companies receiving investments who are operating in so-called stealth mode, and don't show up in publicly-available statistics, but it is believed that such investments represent a small fraction of the total professional venture capital investments.

-- Jack Krupansky