The 2016 numbers for U.S. venture capital deals are out. Last year, Venture Capital firms invested $58.6 billion in 4,520 deals. PricewaterhouseCoopers and CBInsights 2016 MoneyTree Report shows the latest State Rankings for Venture Capital Dollars and Deals. Not surprisingly, with more than $31.5 billion in investments across 1,894 deals, California is again clearly on top of the game. Although the number of deals increased from 1,773 to 1,894, the dollar volume of deals in California did drop by about $2 billion from 2015 to 2016. For 2016, New York again occupies the number two spot, counting $7.5 billion in VC investments across 601 deals. The 2016 figures show a more than $1.2 billion increase over 2015 numbers, meaning that New York continues to gain traction as a startup hub and venture capital magnet.
The number three spot goes to Massachusetts, which counted $6 billion in VC investments across 397 deals. This is about $300 million higher than what was reported in 2015. Virginia comes in at number four for 2016, with $2 billion in investments and 80 deals. The dollar volume of VC investments in Virginia took a big jump in 2016, growing from just $422.6 million in 2015. This shows that the Capitol Region continues to gain steam.
Rounding out the top seven states are Texas ($1.3 billion across 201 deals), Florida ($1.2 billion across 72 deals) and Washington ($1.1 billion across 111 deals). The 2016 rankings reflect a growing trend of more VC dollars and deals happening outside of California. However, although other states are gaining ground, California is poised to remain the clear leader for the foreseeable future.
Take a look at the infographic below to see the full State Rankings for Venture Capital Dollars and Deals in 2016.

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