The red-hot venture capital market of 2021 cooled off significantly in 2022 amid rising inflation and fears of a recession.
U.S. startups received $30.4 billion in angel investments and venture capital funding in Q4 of 2022 — down from $36.8 billion in Q3 and down from $88 billion in Q4 of 2021. And although traditional hubs such as San Francisco, New York and Boston saw a drop in startup funding, business boomed 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:
- Somerville, Massachusetts
- Irvine, California
- Alpharetta, Georgia
- Fort Worth, Texas
- Houston, Texas
- Salt Lake City, Utah
- Los Altos, California
- Boulder, Colorado
- Indianapolis, Indiana
- Santa Clara, California
“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 Q4 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 three 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 access the York IE Fastest-Growing Startup Cities, Q4 2022 report, click here.