Indiana
State · United States · Pop. 6.9M
Enterprise value
How much Indiana’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Indiana, 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 Indiana
VC investment into Indiana-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
Indiana's startup funnel
Companies headquartered in Indiana at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Indiana's latest quarter in venture capital
VC raised by Indiana-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Indiana-headquartered companies…
Largest rounds
Largest funding rounds in Indiana
A live treemap of the largest VC rounds. Each cell is one round into Indiana-headquartered companies, grouped by Dealroom sector.
Largest rounds in Indiana - 2026
Academia
Indiana's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Indiana.
Location comparison
How Indiana stacks up
Compare Indiana 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 regions in United States ranked by combined EV. Indiana's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | California | $21.6T | 7.7× | 1,138 | $179B | 37K |
| 2 | Western United States (Pacific, excl. Bay Area) | $4.5T | 4.8× | 328 | $29.9B | 16.6K |
| 3 | Northeastern United States | $3.3T | 4.5× | 650 | $53.1B | 31.3K |
| 4 | Washington (State) | $2.9T | 4.5× | 75 | $7.5B | 3,270 |
| 5 | Texas | $2.7T | 10.5× | 139 | $11.4B | 6,785 |
| 6 | Southeastern United States | $1.4T | 4.8× | 191 | $11.8B | 14.5K |
| 7 | New York State | $1.4T | 5.1× | 300 | $31.1B | 15.8K |
| 8 | Massachusetts | $1.1T | 4.4× | 209 | $12.9B | 6,135 |
| 9 | Florida | $798B | 9.8× | 67 | $4.1B | 4,904 |
| 10 | Midwestern United States | $668B | 3.7× | 124 | $9.5B | 10.8K |
| 11 | Western United States (Mountain) | $403B | 4.4× | 112 | $10.2B | 5,588 |
| 32 | Indiana | $28.4B | 3.4× | 5 | $498.4M | 815 |
More data
Explore Dealroom data →Get the full Indiana ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.