Tennessee
State · United States · Pop. 7.2M · #45 region by EV
* 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.
Largest rounds
Largest funding rounds in Tennessee
A live treemap of the largest VC rounds. Each cell is one round into Tennessee-headquartered companies, grouped by Dealroom sector.
Largest rounds in Tennessee - 2026
VC investment
How much venture capital flows into Tennessee
VC investment into Tennessee-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Location comparison
How Tennessee stacks up
Compare Tennessee 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. Tennessee's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | California | $21.6T | 7.7× | 1,075 | $177B | 37K |
| 2 | Western United States (Pacific, excl. Bay Area) | $4.6T | 4.8× | 312 | $27.9B | 16.3K |
| 3 | Northeastern United States | $3.4T | 4.6× | 646 | $54.1B | 30.5K |
| 4 | Washington (State) | $3T | 4.5× | 72 | $7.3B | 3,227 |
| 5 | Texas | $2.7T | 10.6× | 121 | $11.2B | 6,266 |
| 6 | New York State | $1.5T | 5.1× | 294 | $31B | 15.5K |
| 7 | Southeastern United States | $1.3T | 4.9× | 173 | $11.2B | 13.7K |
| 8 | Massachusetts | $1.2T | 4.4× | 209 | $13.3B | 5,995 |
| 9 | Florida | $783B | 9.8× | 61 | $3.7B | 4,543 |
| 10 | Midwestern United States | $668B | 3.6× | 111 | $9.3B | 10.9K |
| 11 | Western United States (Mountain) | $345B | 4.0× | 98 | $9.1B | 5,183 |
| 27 | Tennessee | $65.2B | 6.5× | 14 | $1.1B | 1,097 |
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 Tennessee dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Tennessee ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.