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Virginia

State · United States · Pop. 8.8M · #31 region by EV

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

1,454 Pool of Funded Startups

New Startups

298 Annual Startups FoundedAll new ventures

109 Annual Startups FundedReceived investment

get funded 36%

1,053Startups

336 Pre-Seed Startups$100K–1M

388 Seed Startups$1–4M

Pre-Seed to Seed 31%

329 Series A Startups$4–15M

Seed to Series A 32%

338Breakouts

230 Series B Breakouts$15–40M

A to Series B 30%

108 Series C Breakouts$40–100M

B to Series C 30%

63Scaleups

45 Mega Scaleups$100–250M

reach Mega 3.1%

18 Mega+ Scaleups$250M+

reach Mega+ 1.2%

32Valuation Outcomes

30 Unicorns($1–10B valuation)

reach Unicorn 2.1%

2 Decacorns($10–100B valuation)

reach Decacorn 0.14%

Pre-Seed

336

Seed

388

Series A

329

Series B

230

Series C

108

Unicorn

Decacorn

* 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 Virginia

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

Largest rounds in Virginia - 2026

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

- rounds · - raised

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VC investment

How much venture capital flows into Virginia

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

Academia

Virginia's academic flywheel

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

University-linked startup formation

114

University spinouts

1,886

Total alumni-founded companies

1,145

Of which startups (<$15M raised)

560

Breakouts ($15M-100M)

181

Scaleups ($100M+)

Location comparison

How Virginia stacks up

Compare Virginia 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.

Western United States (Mountain)

$367B

$272B

$254B

$242B

$202B

$177B

$159B

Virginia

$144B

Arizona

$138B

Combined enterprise value of each ecosystem.

Top regions in United States ranked by combined EV. Virginia'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
18	Virginia	$144B	2.6×	32	$1.7B	1,892

More data

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

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