🏛️

South Dakota

State · United States · Pop. 925K

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

42 Pool of Funded Startups

New Startups

12 Annual Startups FoundedAll new ventures

3 Annual Startups FundedReceived investment

get funded 21%

35Startups

16 Pre-Seed Startups$100K–1M

12 Seed Startups$1–4M

7 Series A Startups$4–15M

5Breakouts

5 Series B Breakouts$15–40M

2Scaleups

1 Mega Scaleups$100–250M

reach Mega 2.4%

1 Mega+ Scaleups$250M+

reach Mega+ 2.4%

1Valuation Outcomes

1 Unicorns($1–10B valuation)

reach Unicorn 2.4%

Pre-Seed

Seed

Series A

Series B

Unicorn

* Conversion rates are derived from current counts.

Largest rounds

Largest funding rounds in South Dakota

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

Largest rounds in South Dakota - 2026

Every $15M+ VC round into South Dakota-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

Loading rounds...

Live from Dealroom API Open full VC dashboard

VC investment

How much venture capital flows into South Dakota

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

Academia

South Dakota's academic flywheel

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

University-linked startup formation

University spinouts

Total alumni-founded companies

Of which startups (<$15M raised)

Breakouts ($15M-100M)

Location comparison

How South Dakota stacks up

Compare South Dakota 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.

$7.5B

$6.8B

$6.7B

$6.5B

$6B

$4.9B

$4.7B

$4.3B

South Dakota

$2.7B

Combined enterprise value of each ecosystem.

Top regions in United States ranked by combined EV. South Dakota's row is highlighted (#12).

#	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
52	South Dakota	$2.7B	8.1×	1	$185M	55

More data

Explore Dealroom data →

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

Get the full South Dakota ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.

Book a demo