West Virginia
State · United States · Pop. 1.8M
Enterprise value · 2015–2025
West Virginia grew 2.5× since 2015
Combined enterprise value of every tracked startup headquartered in West Virginia that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent regions by EV
Startup funnel
West Virginia's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* 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.
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.
Vs. similarly-sized ecosystems
How West Virginia stacks up
Peers chosen from the same country (United States), sized closest to West Virginia by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
United States — top regions
Top regions in United States ranked by combined EV. West Virginia's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | California | $21.7T | 7.7× | 976 | $180B | 36.4K |
| 2 | Western United States (Pacific, excl. Bay Area) | $4.8T | 8.1× | 279 | $29.9B | 16.3K |
| 3 | Northeastern United States | $3.5T | 4.9× | 571 | $52.8B | 30.2K |
| 4 | Washington (State) | $3.1T | 10.6× | 72 | $7.3B | 3,203 |
| 5 | Texas | $2.3T | 10.0× | 107 | $11.2B | 6,215 |
| 6 | New York State | $1.5T | 5.4× | 270 | $29.9B | 15.3K |
| 7 | Southeastern United States | $1.3T | 5.3× | 145 | $11.4B | 13.6K |
| 8 | Massachusetts | $1.2T | 4.5× | 184 | $13.5B | 5,968 |
| 9 | Florida | $729B | 9.7× | 49 | $3.9B | 4,511 |
| 10 | Midwestern United States | $654B | 3.6× | 104 | $9.2B | 10.8K |
| 11 | Western United States (Mountain) | $346B | 4.0× | 86 | $9.1B | 5,151 |
| 55 | West Virginia | $439.8M | 3.2× | 0 | $30M | 78 |
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 West Virginia dataset — or see a sample on the Dealroom app.
Get the full West Virginia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.