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Midwestern United States

Country region · United States · Pop. 69.6M · #16 region by EV

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

7,690 Pool of Funded Startups

New Startups

1,962 Annual Startups FoundedAll new ventures

658 Annual Startups FundedReceived investment

get funded 34%

6,101Startups

2,492 Pre-Seed Startups$100K–1M

2,037 Seed Startups$1–4M

Pre-Seed to Seed 27%

1,572 Series A Startups$4–15M

Seed to Series A 30%

1,288Breakouts

840 Series B Breakouts$15–40M

A to Series B 34%

448 Series C Breakouts$40–100M

B to Series C 40%

301Scaleups

218 Mega Scaleups$100–250M

reach Mega 2.8%

83 Mega+ Scaleups$250M+

reach Mega+ 1.1%

114Valuation Outcomes

103 Unicorns($1–10B valuation)

reach Unicorn 1.3%

11 Decacorns($10–100B valuation)

reach Decacorn 0.14%

Pre-Seed

2,492

Seed

2,037

Series A

1,572

Series B

840

Series C

448

Unicorn

103

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.

Largest rounds

Largest funding rounds in Midwestern United States

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

Largest rounds in Midwestern United States - 2026

Every $100M+ VC round into Midwestern United States-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Midwestern United States

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

Academia

Midwestern United States's academic flywheel

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

University-linked startup formation

985

University spinouts

13.3K

Total alumni-founded companies

7,822

Of which startups (<$15M raised)

3,945

Breakouts ($15M-100M)

1,553

Scaleups ($100M+)

Location comparison

How Midwestern United States stacks up

Compare Midwestern United States 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.

New York State

$1.4T

Southeastern United States

$1.4T

Massachusetts

$1.2T

Florida

$781B

Midwestern United States

$666B

Western United States (Mountain)

$367B

Illinois

$272B

New Jersey

$254B

Pennsylvania

$242B

Combined enterprise value of each ecosystem.

Top regions in United States ranked by combined EV. Midwestern United States's row is highlighted (#10).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	California	$21.5T	7.7×	1,101	$177B	36.6K
2	Western United States (Pacific, excl. Bay Area)	$4.6T	4.8×	317	$28.2B	16.4K
3	Northeastern United States	$3.4T	4.6×	652	$54.3B	30.9K
4	Washington (State)	$3T	4.5×	72	$7.3B	3,242
5	Texas	$2.7T	10.5×	128	$11.2B	6,610
6	New York State	$1.4T	5.0×	298	$30.9B	15.5K
7	Southeastern United States	$1.4T	4.8×	172	$11.5B	14.1K
8	Massachusetts	$1.2T	4.4×	210	$13.2B	6,078
9	Florida	$781B	9.6×	61	$3.7B	4,750
10	Midwestern United States	$666B	3.6×	114	$9.4B	10.7K
11	Western United States (Mountain)	$367B	4.1×	98	$9.8B	5,447
12	Illinois	$272B	3.6×	53	$2.3B	3,152

More data

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Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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