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State · North America

New Jersey

State · United States · Pop. 9.5M · #24 region by EV

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

$215B+38%
Combined startup EV
$1.3B
VC invested (last 12mo)
1,644
Tracked startups
#19/ 69
Unicorns per 1M people · regions rank
🦄 Unicorns
29
29 live · +0 new in 2025 (incl. 1 new decacorns)
💎 Decacorns
2
$10B+ tier
🐎 Thoroughbreds
31
Top 1% growth · $500M+

Enterprise value · 2015–2025

New Jersey grew 7.4× since 2015

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

0 $75B $150B $225B $300B New Jersey · $214B 2015 2018 2021 2024 2025

Adjacent regions by EV

Top sub-locations

Inside New Jersey: top 3 metros

Metros inside New Jersey ranked by combined enterprise value, paired with their 5-year growth multiplier.

By enterprise value
1 New York City $1.7T
2 Philadelphia $143B
By 5-yr EV growth
1 Philadelphia 6.8×
3 New York City 5.3×

Startup funnel

New Jersey'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
342
Seed
250
Series A
243
Series B
142
Series C
104
Unicorn
27
Decacorn
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 Jersey

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

Decacorns $10B+ valuation 2
VonageZelis
Unicorns $1B+ valuation 27
AxtriaCitiusTechGenScriptCorcentricUltima GenomicsOwn CompanyiRobotPMV PharmaceuticalsCross River BankORBCOMMIndegeneLegend BiotechEos Energy EnterprisesSemperisAvePointBilltrustRocket PharmaceuticalsMisfits MarketCommvaultAttentive+7 more
Thoroughbreds+ $100M+ revenue 28
VonageZelisFreshpetLegend BiotechCommvaultGenScriptPTC TherapeuticsCross River BankCitiusTechADMA BiologicsMisfits MarketAvePointIndegeneiCIMSAxtriaCareCloudRunPodAssertioSemperisOffchain Labs

Academia

New Jersey's academic flywheel

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

University-linked startup formation
54
University spinouts
1,633
Total alumni-founded companies
880
Of which startups (<$15M raised)
519
Breakouts ($15M-100M)
234
Scaleups ($100M+)
University producing founders tied to New Jersey
  • 🇺🇸 Princeton University Princeton, NJ · 80 alumni unicorns
    Notable alumni-founded: Amazon (founder)

Vs. similarly-sized ecosystems

How New Jersey stacks up

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

Combined enterprise value
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 Colorado New Jersey

Top overview

United States — top regions

Top regions in United States ranked by combined EV. New Jersey'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
14 New Jersey $215B 5.0× 29 $1.3B 1,644

Sector concentration

Where New Jersey punches above its weight

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

📣 Marketing
32.1×
9 unicorns · 23.7% of global sector
❤️‍🩹 Health Tech & Medtech
19.1×
20 unicorns · 14.1% of global sector
💸 Fintech
17.9×
42 unicorns · 13.2% of global sector
17.0×
22 unicorns · 12.6% of global sector
16.0×
36 unicorns · 11.8% of global sector
🥗 Food
14.5×
6 unicorns · 10.7% of global sector
🎓 Edtech
14.3×
4 unicorns · 10.5% of global sector
🤖 AI
13.6×
32 unicorns · 10.0% 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 Jersey dataset — or see a sample on the Dealroom app.

Sector breakdown
Where New Jersey's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
New Jersey'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 Jersey'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 Jersey'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 Jersey
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 Jersey
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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