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What's The Most Well-Funded Technology Startup In Your State?
Updated On November 2, 2021
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A new map released by CB Insights identifies the most well-funded venture capital-backed technology startup in each state based on disclosed equity funding.
The map includes companies in all 50 states, plus Washington, D.C. Four states – Mississippi, Alaska, North Dakota and South Dakota – did not meet CB Insights’ criteria, so the report includes the most well-funded private technology companies since 2015 in those four states.
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Fixed APR ?APR, or Annual Percentage Rate, is the price you pay to borrow money. Fixed APR means that your interest rate will always stay the same. Even if interest rates change, your interest rate or monthly payment will not. Fixed APR includes a 0.25% discount when you enroll in autopay.
Variable APR ?APR, or Annual Percentage Rate, is the price you pay to borrow money. Variable APR means that your interest rate can fluctuate over time, which can increase or decrease your monthly student loan payment. Typically, a variable-rate loan has a lower introductory rate than a fixed-loan rate loan. Variable APR includes a 0.25% discount when you enroll in autopay.
APR
4.99% - 9.99%
6.24% - 9.99%
4.99% - 9.99%
View Details
Overview
Variable APR:
6.24% - 9.99%
Fixed APR:
4.99% - 9.99%
Minimum Credit Score:
650
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000 ($10,000 in CA)
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states
Hardship Deferment:
Yes
Co-signer Option:
Yes
4.89% - 9.74%
5.89% - 9.74%
4.89% - 9.74%
View Details
Overview
Variable APR:
5.89% - 9.74%
Fixed APR:
4.89% - 9.74%
Minimum Credit Score:
650
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5-20 years
Borrower Residency:
All States except NV
Hardship Deferment:
Yes
Co-signer Option:
No
5.19% - 9.74%
5.99% - 9.74%
5.19% - 9.74%
View Details
Overview
Variable APR:
5.99% - 9.74%
Fixed APR:
5.19% - 9.74%
Minimum Credit Score:
680
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,001 ($10,001 in CA)
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5-20 years
Borrower Residency:
All States except NV
Hardship Deferment:
Yes
Co-signer Option:
No
4.84% - 8.69%
5.28% - 8.99%
4.84% - 8.99%
View Details
Overview
Variable APR:
5.28% - 8.99%
Fixed APR:
4.84% - 8.69%
Minimum Credit Score:
680
Minimum Income:
$35,000
Fees:
None
Minimum Loan Amount:
$10,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All States
Hardship Deferment:
Yes
Co-signer Option:
Yes
3.99% - 9.99%
5.99% - 9.99%
3.99% - 9.99%
View Details
Overview
Variable APR:
5.99% - 9.99%
Fixed APR:
3.99% - 9.99%
Minimum Credit Score:
640
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5 – 20 years
Borrower Residency:
All states
Hardship Deferment:
Varies
Co-signer Option:
No
6.99% - 10.99%
7.29% - 12.44%
6.99% - 12.44%
View Details
Overview
Variable APR:
7.29% - 12.44%
Fixed APR:
6.99% - 10.99%
Minimum Credit Score:
Not disclosed
Minimum Income:
$24,000
Fees:
No prepayment or origination fees
Minimum Loan Amount:
$10,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states
Hardship Deferment:
Yes
Co-signer Option:
Yes
5.24% - 9.15%
5.34% - 9.25%
5.24% - 9.25%
View Details
Overview
Variable APR:
5.34% - 9.25%
Fixed APR:
5.24% - 9.15%
Minimum Credit Score:
680
Minimum Income:
None
Fees:
None
Minimum Loan Amount:
$5,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All States
Hardship Deferment:
Yes
Co-signer Option:
Yes
5.49% - 9.75%
5.53% - 12.18%
5.49% - 12.18%
View Details
Overview
Variable APR:
5.53% - 12.18%
Fixed APR:
5.49% - 9.75%
Minimum Credit Score:
680
Minimum Income:
$24,000
Fees:
None
Minimum Loan Amount:
$5,000
Details
Eligible Loans:
Private & Federal
Eligible Degrees:
Undergraduate & Graduate
Loan Terms:
5, 7, 10, 15, 20 years
Borrower Residency:
All states, except ME, ND, NV, RI, WV
Hardship Deferment:
Yes
Co-signer Option:
Yes
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Here are some key takeaways:
Most Well-Funded Startup
- California-based Uber is the most well-funded startup on the map with $12.5 billion of funding to date
Top “Unicorns”
- There are nine “unicorns” (companies valued at $1 billion or more) that are also the most well-funded startup in their respective state: Uber (CA), Datto (CT), Magic Leap (FL), GreenSky (GA), Avant (IL), DraftKings (MA), Infor (NY), Domo (UT), and Vox Media (Washington, D.C.).
Companies That Raised At Least $1 Billion in Equity Funding
- There are seven companies on the list that have raised $1 billion or more in disclosed equity funding to date. These companies include, among others, OneWeb (VA), Infor (NY) and IO (AZ).
Companies That Raised At Least $1 Billion In Equity Funding In A Single Funding Round
- Companies that have (at least once) raised $1 billion or more in one round of funding include, among others, Uber (CA), OneWeb (VA) and Infor (NY).
Companies That Raised More Than $100 Million in Equity Funding
- There are 20 companies that have raised $100 million or more in disclosed equity funding to date.
Companies That Raised Less Than $50 Million In Equity Funding
- There are 17 companies that have raised less than $50 million, including Zlien (LA) and Hobnob (Hawaii)
Here is the full list of companies and their accompanying states, including Washington, D.C.:
Every Unicorn In The U.S.
In December, CB Insights also released a map that includes every unicorn in the U.S.. The key takeaways from that map include:
- The U.S. has 98 unicorns.
- Collectively, U.S. unicorns are worth approximately $372 billion.
- Collectively, these companies have raised over $67 billion.
- As of December 2016, there are nine private U.S. companies valued over $10 billion.
- As of December 2016, the three most valuable unicorns in the U.S. are Uber ($68 billion), Airbnb ($30 billion) and Palantir Technologies ($20 billion). These three companies are all located in California.
- California has more unicorns than any other state, followed by New York and Massachusetts.
- Ten other states have at least one company valued at $1 billion or higher.
- The top five most well-funded U.S. unicorns are: Uber, Airbnb, Infor, Snap and Palantir. (Snap has since filed for an initial public offering). All these companies – except Infor – are based in California.
- The newest unicorn in the U.S. is a travel tech company, JetSmarter, which became a unicorn in December 2016.
- The oldest unicorn in the U.S. is a greentech company, Bloom Energy, which reached a valuation above $1 billion in 2009.
- The three most active venture capital investors in U.S.-based unicorns, by total number of deals, are: Sequoia Capital, Andreessen Horowitz and Khosla Ventures.
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