Vermont
State · United States · Pop. 648K
Enterprise value
How much Vermont’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Vermont, 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 Vermont
VC investment into Vermont-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
Vermont's startup funnel
Companies headquartered in Vermont at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Vermont's latest quarter in venture capital
VC raised by Vermont-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Vermont-headquartered companies…
Largest rounds
Largest funding rounds in Vermont
A live treemap of the largest VC rounds. Each cell is one round into Vermont-headquartered companies, grouped by Dealroom sector.
Largest rounds in Vermont - 2026
Academia
Vermont's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Vermont.
Location comparison
How Vermont stacks up
Compare Vermont 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. Vermont'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 |
| 37 | Vermont | $15B | 3.6× | 3 | $344.5M | 180 |
More data
Explore Dealroom data →Get the full Vermont ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.