Introducing a new platform for strategic growth

America’s Fastest-Growing Startup Cities

The venture capital ship has righted itself, but it has not yet recovered from its 2022 slowdown.

U.S. startups received $27.4 billion in angel investments and VC funding in Q2 of 2023. That’s roughly in line with the figures from Q1 ($24.1 billion) and Q4 of 2022 ($27.4 billion), but it’s a 53% year-over-year decrease, according to York IE Fuel.

Despite this new normal, there’s no shortage of successful, sustainable startups emerging and securing the capital they need to grow. And although many traditional hubs continue to see a drop in startup funding, business is booming in lots of other cities.

That’s why we publish the York IE Fastest-Growing Startup Cities report.

Get the Report

Access the full York IE Fastest-Growing Startup Cities report

Fastest-Growing Startup Cities

The report highlights these 10 U.S. cities:

  1. Richmond, Virginia
  2. Minneapolis, Minnesota
  3. Woburn, Massachusetts
  4. Berkeley, California
  5. Cincinnati, Ohio
  6. Palo Alto, California
  7. Cleveland, Ohio
  8. South San Francisco, California
  9. Cambridge, Massachusetts
  10. Sunnyvale, California

The full report provides detailed Q2 funding information for each of the 10 cities, including total funds raised, number of rounds and the companies that had the biggest rounds.

Most Venture Capital Investment by City

Additionally, the report ranks the 10 biggest U.S. startup cities with the most venture capital investment:

  1. San Francisco, California
  2. New York, New York
  3. Palo Alto, California
  4. Cambridge, Massachusetts
  5. Austin, Texas
  6. Mountain View, California
  7. Berkeley, California
  8. San Diego, California
  9. Seattle, Washington
  10. Chicago, Illinois

To access the full York IE Fastest-Growing Startup Cities, Q2 2023 report, click here.

Sales Team Structure Template

Set your sales org up for success with the templates and frameworks in our free GTM strategy playbook.

Related Posts

Sales Team Structure Template

Set your sales org up for success with the templates and frameworks in our free GTM strategy playbook.

Growth. Delivered.

Get the latest startup news, stories, and insights delivered straight to your inbox. Guaranteed not to be boring or your money back. Wait, you’re not paying for this. Well, phew, that takes some of the pressure off. Well, we’ll still try not to be boring.

The human side of startup life

Knowledge is power

Get insights into the world of startups and angel investing straight to your inbox.