Phoenix
Metro area · United States · Pop. 4.8M · #39 city by EV
Enterprise value
How much Phoenix’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Phoenix, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
Phoenix's startup funnel
Companies headquartered in Phoenix at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
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
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.
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 | $20.1T | 8.0× | 895 | $158B | 24.9K |
| 2 | Seattle | $2.9T | 4.5× | 70 | $6.8B | 2,986 |
| 3 | Austin | $2T | 13.7× | 60 | $7.9B | 2,740 |
| 4 | New York City | $1.5T | 5.0× | 325 | $32.2B | 16.7K |
| 5 | Los Angeles | $1.2T | 5.6× | 166 | $17.7B | 8,740 |
| 6 | Boston | $1.2T | 4.4× | 211 | $13B | 6,390 |
| 7 | Miami | $684B | 11.9× | 43 | $3B | 2,955 |
| 8 | San Diego | $326B | 5.0× | 64 | $3.4B | 2,247 |
| 9 | Washington DC | $285B | 3.4× | 62 | $4.3B | 2,576 |
| 10 | Chicago | $264B | 3.7× | 54 | $2.3B | 2,848 |
| 11 | Dallas | $225B | 4.1× | 48 | $2.1B | 2,078 |
| 13 | Phoenix | $143B | 5.3× | 17 | $534.6M | 1,163 |
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.