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State · North America

New Hampshire

State · United States · Pop. 1.4M

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

$9.4B+15%
Combined startup EV
$89.7M
VC invested (last 12mo)
301
Tracked startups
#41/ 69
Unicorns per 1M people · regions rank
🦄 Unicorns
2
2 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
0
🐎 Thoroughbreds
2
Top 1% growth · $500M+

Enterprise value · 2015–2025

New Hampshire grew 2.3× since 2015

Combined enterprise value of every tracked startup headquartered in New Hampshire that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $2.3B $4.5B $6.8B $9B New Hampshire · $8.9B 2015 2018 2021 2024 2025

Adjacent regions by EV

Startup funnel

New Hampshire's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
56
Seed
41
Series A
55
Series B
41
Series C
18
Unicorn
2

* 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.

Notable companies

Top private companies in New Hampshire

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Unicorns $1B+ valuation 2
PillPackSkillsoft
Thoroughbreds+ $100M+ revenue 2
SkillsoftPillPack

Academia

New Hampshire's academic flywheel

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

University-linked startup formation
4
University spinouts
151
Total alumni-founded companies
84
Of which startups (<$15M raised)
49
Breakouts ($15M-100M)
18
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How New Hampshire stacks up

Peers chosen from the same country (United States), sized closest to New Hampshire by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$31.4B
$30.2B
$29.2B
$23.8B
$18B
$17.2B
$15.8B
$15.5B
New Hampshire
$9.4B
EV growth (5-yr ×) vs current EV
peer median 4.4× 1.6× 16.1× 30.6× $5.2B $337B $21.7T EV growth (5yr ×) Combined enterprise value (log) California Western United States (Pacific, excl. Bay Area) Northeastern United States Washington (State) Texas New York State Southeastern United States Massachusetts Florida Midwestern United States Western United States (Mountain) Illinois Pennsylvania New Jersey Colorado New Hampshire

Top overview

United States — top regions

Top regions in United States ranked by combined EV. New Hampshire's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 California $21.7T 7.7× 976 $180B 36.4K
2 Western United States (Pacific, excl. Bay Area) $4.8T 8.1× 279 $29.9B 16.3K
3 Northeastern United States $3.5T 4.9× 571 $52.8B 30.2K
4 Washington (State) $3.1T 10.6× 72 $7.3B 3,203
5 Texas $2.3T 10.0× 107 $11.2B 6,215
6 New York State $1.5T 5.4× 270 $29.9B 15.3K
7 Southeastern United States $1.3T 5.3× 145 $11.4B 13.6K
8 Massachusetts $1.2T 4.5× 184 $13.5B 5,968
9 Florida $729B 9.7× 49 $3.9B 4,511
10 Midwestern United States $654B 3.6× 104 $9.2B 10.8K
11 Western United States (Mountain) $346B 4.0× 86 $9.1B 5,151
43 New Hampshire $9.4B 2.0× 2 $89.7M 301

Sector concentration

Where New Hampshire punches above its weight

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

473×
38 unicorns · 24.1% of global sector
🦾 Robotics
281×
4 unicorns · 14.3% of global sector
227×
3 unicorns · 11.5% of global sector
❤️‍🩹 Health Tech & Medtech
208×
15 unicorns · 10.6% of global sector
🛡️ Cybersecurity
171×
8 unicorns · 8.7% of global sector
Energy
161×
9 unicorns · 8.2% of global sector
90.2×
14 unicorns · 4.6% of global sector

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 New Hampshire dataset — or see a sample on the Dealroom app.

Sector breakdown
Where New Hampshire's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
New Hampshire's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
New Hampshire's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where New Hampshire's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in New Hampshire
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in New Hampshire
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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