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California

State · United States · Pop. 39.4M · #3 region by EV

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

28,519 Pool of Funded Startups
5,078 Annual Startups FoundedAll new ventures
2,181 Annual Startups FundedReceived investment
get funded 43%
7,537 Pre-Seed Startups$100K–1M
5,745 Seed Startups$1–4M
Pre-Seed to Seed 32%
6,230 Series A Startups$4–15M
Seed to Series A 40%
3,974 Series B Breakouts$15–40M
A to Series B 41%
2,674 Series C Breakouts$40–100M
B to Series C 39%
1,514 Mega Scaleups$100–250M
reach Mega 5.3%
845 Mega+ Scaleups$250M+
reach Mega+ 3.0%
957 Unicorns($1–10B valuation)
reach Unicorn 3.4%
118 Decacorns($10–100B valuation)
reach Decacorn 0.41%
21 Centicorns($100B–1T valuation)
reach Centicorn 0.074%
6 Gigacorns($1T+ valuation)
reach Gigacorn 0.021%
Pre-Seed
7,537
Seed
5,745
Series A
6,230
Series B
3,974
Series C
2,674
Unicorn
957
Decacorn
118

* 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 California

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

Largest rounds in California - 2026

Every $100M+ VC round into California-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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VC investment

How much venture capital flows into California

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

Academia

California's academic flywheel

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

University ranking By alumni-founded unicorns & companies
# University City Unicorns Companies
1 🇺🇸Stanford University Stanford, CA 478 13K
2 🇺🇸UC Berkeley Berkeley, CA 190 8,909
3 🇺🇸UCLA Los Angeles, CA 60 4,599
4 🇺🇸USC Los Angeles, CA 48 3,752
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Location comparison

How California stacks up

Compare California 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.

Sector concentration

Where California punches above its weight

Sectors in which California's share of the global unicorn pool is bigger than its overall share. A 5× over-index means California is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.

1.82×
12 unicorns · 46.2% of global sector
🤖 AI
1.60×
130 unicorns · 40.6% of global sector
✈️ Aviation
1.31×
4 unicorns · 33.3% of global sector
🦾 Robotics
1.27×
9 unicorns · 32.1% of global sector
📣 Marketing
1.24×
12 unicorns · 31.6% of global sector
🛡️ Cybersecurity
1.20×
28 unicorns · 30.4% of global sector
1.03×
80 unicorns · 26.2% of global sector
💸 Fintech
0.87×
70 unicorns · 22.0% of global sector

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