Phoenix
Metro area · United States · Pop. 4.8M · #38 city by EV
* 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.
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
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.
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.
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 | $20T | 8.0× | 846 | $156B | 24.8K |
| 2 | Seattle | $2.9T | 4.4× | 68 | $6.6B | 2,956 |
| 3 | Austin | $2T | 14.0× | 60 | $8.1B | 2,506 |
| 4 | New York City | $1.7T | 5.1× | 326 | $32.3B | 16.6K |
| 5 | Boston | $1.2T | 4.6× | 210 | $13.3B | 6,224 |
| 6 | Los Angeles | $1.2T | 5.7× | 153 | $16.3B | 8,484 |
| 7 | Miami | $671B | 12.9× | 40 | $2.6B | 2,757 |
| 8 | San Diego | $332B | 5.1× | 64 | $3.3B | 2,240 |
| 9 | Chicago | $272B | 3.7× | 52 | $2.1B | 2,936 |
| 10 | Washington DC | $264B | 3.3× | 54 | $3.5B | 2,325 |
| 11 | Dallas | $199B | 3.8× | 34 | $1.5B | 1,877 |
| 12 | Phoenix | $136B | 5.2× | 16 | $457.1M | 1,065 |
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Phoenix dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Phoenix ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.