Pennsylvania
State · United States · Pop. 13.1M · #23 region by EV
Largest rounds
Largest funding rounds in Pennsylvania
A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into Pennsylvania-headquartered companies, grouped by Dealroom sector.
Largest rounds in Pennsylvania - 2026
Startup funnel
Pennsylvania'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.
* 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.
VC investment
How much venture capital flows into Pennsylvania
VC investment into Pennsylvania-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.
Notable companies
Top private companies in Pennsylvania
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
Academia
Pennsylvania's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Pennsylvania.
| # | University | City | Unicorns | Companies |
|---|---|---|---|---|
| 1 | 🇺🇸University of Pennsylvania | Philadelphia, PA | 165 | 3,294 |
| 2 | 🇺🇸Carnegie Mellon University | Pittsburgh, PA | 88 | 2,521 |
Location comparison
How Pennsylvania stacks up
Compare Pennsylvania with peers from the same country (United States) — switch between combined EV, 5-year 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. Pennsylvania's row is highlighted (#12).
| # | 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 |
| 13 | Pennsylvania | $263B | 4.8× | 32 | $2.9B | 2,518 |
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 Pennsylvania dataset — or see a sample on the Dealroom app.
Get the full Pennsylvania ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.