🏙️

Phoenix

Metro area · United States · Pop. 4.8M · #40 city by EV

A public taster of the full Phoenix ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

815 Pool of Funded Startups

New Startups

263 Annual Startups FoundedAll new ventures

80 Annual Startups FundedReceived investment

get funded 30%

654Startups

262 Pre-Seed Startups$100K–1M

225 Seed Startups$1–4M

167 Series A Startups$4–15M

Seed to Series A 30%

129Breakouts

76 Series B Breakouts$15–40M

A to Series B 35%

53 Series C Breakouts$40–100M

B to Series C 32%

32Scaleups

23 Mega Scaleups$100–250M

reach Mega 2.8%

9 Mega+ Scaleups$250M+

reach Mega+ 1.1%

17Valuation Outcomes

14 Unicorns($1–10B valuation)

reach Unicorn 1.7%

3 Decacorns($10–100B valuation)

reach Decacorn 0.37%

Pre-Seed

262

Seed

225

Series A

167

Series B

Series C

Unicorn

Decacorn

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Quarterly report

Phoenix's latest quarter in venture capital

VC raised by Phoenix-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

Loading VC raised by Phoenix-headquartered companies…

Largest rounds

Largest funding rounds in Phoenix

A live treemap of the largest VC rounds. Each cell is one round into Phoenix-headquartered companies, grouped by Dealroom sector.

Largest rounds in Phoenix - 2026

Every $15M+ VC round into Phoenix-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

Loading rounds...

Live from Dealroom API Open full VC dashboard

VC investment

How much venture capital flows into Phoenix

VC investment into Phoenix-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Phoenix's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Phoenix.

University-linked startup formation

University spinouts

708

Total alumni-founded companies

437

Of which startups (<$15M raised)

214

Breakouts ($15M-100M)

Scaleups ($100M+)

Location comparison

How Phoenix stacks up

Compare Phoenix with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$332B

$266B

$263B

$224B

$144B

Phoenix

$136B

Atlanta

$136B

Denver

$113B

Salt Lake City

$109B

Combined enterprise value of each ecosystem.

Top cities in United States ranked by combined EV. Phoenix's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Bay Area	$20.3T	9.7×	886	$157B	24.5K
2	Seattle	$2.9T	30.2×	70	$6.8B	2,947
3	Austin	$2T	22.1×	61	$7.8B	2,679
4	New York City	$1.6T	5.3×	328	$32.6B	16.6K
5	Boston	$1.2T	5.1×	209	$12.9B	6,293
6	Los Angeles	$911B	4.6×	163	$17.3B	8,638
7	Miami	$690B	12.3×	43	$2.9B	2,914
8	San Diego	$332B	5.3×	63	$3.4B	2,214
9	Chicago	$266B	3.3×	54	$2.2B	2,808
10	Washington DC	$263B	4.3×	55	$3.6B	2,336
11	Dallas	$224B	4.2×	47	$2.1B	2,053
13	Phoenix	$136B	6.1×	17	$522.6M	1,147

More data

Explore Dealroom data →

Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 389.6M · #2 region by EV

Get the full Phoenix ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.

Book a demo