Venture capital investment stabilized in 2023, but the market has not returned to previous levels.
U.S. startups received $20.6 billion in angel investments and VC funding in Q4 of 2023, which was roughly in line with the numbers from the previous quarters:
- Q1: $20 billion
- Q2: $22.5 billion
- Q3: $22.6 billion
The good news is, there are still thousands of companies securing the capital they need to grow, and new startup hubs are emerging to help drive that growth. That’s why we publish the York IE Fastest-Growing Startup Cities report.
Fastest-Growing Startup Cities
The report highlights these five U.S. metro areas:
- Philadelphia, Pennsylvania
- Los Angeles, California
- Dallas, Texas
- Nashville, Tennessee
- Durham, North Carolina
The full report provides detailed Q4 funding information for each of the five 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 U.S. startup cities with the most venture capital investment:
- San Francisco, California
- New York, New York
- Boston, Massachusetts
- Los Angeles, California
- Austin, Texas
- Dallas, Texas
- Philadelphia, Pennsylvania
- San Diego, California
- Washington, D.C.
- Seattle, Washington
To access the full York IE Fastest-Growing Startup Cities, Q4 2023 report, click here.
