West Virginia
State · United States · Pop. 1.8M
Enterprise value
How much West Virginia’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in West Virginia, 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 West Virginia
VC investment into West Virginia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
West Virginia's startup funnel
Companies headquartered in West Virginia at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
West Virginia's latest quarter in venture capital
VC raised by West Virginia-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by West Virginia-headquartered companies…
Largest rounds
Largest funding rounds in West Virginia
A live treemap of the largest VC rounds. Each cell is one round into West Virginia-headquartered companies, grouped by Dealroom sector.
Largest rounds in West Virginia - 2026
Academia
West Virginia's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to West Virginia.
Location comparison
How West Virginia stacks up
Compare West 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.
Combined enterprise value of each ecosystem.
Top regions in United States ranked by combined EV. West Virginia'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 |
| 55 | West Virginia | $238.1M | 3.0× | 0 | $0 | 63 |
More data
Explore Dealroom data →Get the full West Virginia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.