The red-hot venture capital market of 2021 has cooled off this year amid rising inflation and fears of a recession.
U.S. startups received $58.7 billion in funding in Q2 2022 — down 18.6% from Q1 and down 20.8% year over year. And although traditional hubs such as San Francisco, New York and Boston have seen a drop in startup funding this year, business is booming in lots of other cities.
That’s why we publish the York IE Fastest-Growing Startup Cities report.
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Fastest-Growing Startup Cities
The report highlights these 10 U.S. cities where startup business is booming:
- Kirkland, Washington
- Stanford, California
- Madison, Wisconsin
- Birmingham, Alabama
- Wilmington, Delaware
- Ann Arbor, Michigan
- Cleveland, Ohio
- Santa Barbara, California
- Dover, Delaware
- Denver, Colorado
“If you’re not playing the Silicon Valley growth-at-all-costs game of chasing vanity metrics on a fundraising hamster wheel, you’ll be able to find there is a ton of capital available to you from many committed partners,” said York IE CEO Kyle York.
Inside the Report
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.
Additionally, the report ranks the 10 biggest U.S. startup cities by funding. As in the previous two reports, San Francisco and New York ran away with the top spots, but some cities you may not have guessed also made the list.
To download the York IE Fastest-Growing Startup Cities, Q2 2022 report, click here.