South Dakota
State · United States · Pop. 925K
Enterprise value
How much South Dakota’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in South Dakota, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
South Dakota's startup funnel
Companies headquartered in South Dakota at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
South Dakota's latest quarter in venture capital
VC raised by South Dakota-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by South Dakota-headquartered companies…
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
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.
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.
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 | $21.6T | 7.7× | 1,138 | $179B | 37K |
| 2 | Western United States (Pacific, excl. Bay Area) | $4.5T | 4.8× | 328 | $29.9B | 16.6K |
| 3 | Northeastern United States | $3.3T | 4.5× | 650 | $53.1B | 31.3K |
| 4 | Washington (State) | $2.9T | 4.5× | 75 | $7.5B | 3,270 |
| 5 | Texas | $2.7T | 10.5× | 139 | $11.4B | 6,785 |
| 6 | Southeastern United States | $1.4T | 4.8× | 191 | $11.8B | 14.5K |
| 7 | New York State | $1.4T | 5.1× | 300 | $31.1B | 15.8K |
| 8 | Massachusetts | $1.1T | 4.4× | 209 | $12.9B | 6,135 |
| 9 | Florida | $798B | 9.8× | 67 | $4.1B | 4,904 |
| 10 | Midwestern United States | $668B | 3.7× | 124 | $9.5B | 10.8K |
| 11 | Western United States (Mountain) | $403B | 4.4× | 112 | $10.2B | 5,588 |
| 52 | South Dakota | $2.6B | 7.8× | 1 | $10M | 54 |
More data
Explore Dealroom data →Get the full South Dakota ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.