Venture Capital First Financings, Total and Female-Founded, by Metropolitan Area

(2005-2017)
Metropolitan Area Total First Female- Female-
Financing Founded Founde
s First d%
Financing
s
United States 29,659 4,784 16%
Top 50 Metros 26,676 4,379 16%

Ann Arbor, MI 119 34 29%

Milwaukee-Waukesha- 57 13 23%
West Allis, WI
New York-Newark- 3,586 814 23%
Jersey City, NY-NJ-PA
Portland-Vancouver- 260 53 20%
Hillsboro, OR-WA
Las Vegas-Henderson- 109 22 20%
Paradise, NV
Memphis, TN-MS-AR 75 15 20%
Cincinnati, OH-KY-IN 127 25 20%
Boulder, CO 259 50 19%
Philadelphia-Camden- 618 115 19%
Wilmington, PA-NJ-DE-
MD
Pittsburgh, PA 263 47 18%
Los Angeles-Long 1,965 347 18%
Beach-Anaheim, CA
Baltimore-Columbia- 234 41 18%
Towson, MD
Hartford-West 63 11 17%
Hartford-East Hartford,
CT
San Francisco-Oakland- 5,664 980 17%
Hayward, CA
Durham-Chapel Hill, NC 168 29 17%
Chicago-Naperville- 734 126 17%
Elgin, IL-IN-WI
Washington-Arlington- 766 131 17%
Alexandria, DC-VA-MD-
WV
Boston-Cambridge- 2,059 350 17%
Newton, MA-NH
St. Louis, MO-IL 181 29 16%
Sacramento--Roseville-- 82 13 16%
Arden-Arcade, CA
Denver-Aurora- 364 57 16%
Lakewood, CO
Providence-Warwick, 84 13 15%
RI-MA
Detroit-Warren- 131 20 15%
Dearborn, MI
Seattle-Tacoma- 952 143 15%
Bellevue, WA
Columbus, OH 161 24 15%
Tampa-St. Petersburg- 90 13 14%
Clearwater, FL
New Haven-Milford, CT 92 13 14%
Indianapolis-Carmel- 150 21 14%
Anderson, IN
Kansas City, MO-KS 110 15 14%
Madison, WI 118 16 14%
Houston-The 223 29 13%
Woodlands-Sugar Land,
TX
Miami-Fort Lauderdale- 345 44 13%
West Palm Beach, FL
San Diego-Carlsbad, CA 676 85 13%
Santa Maria-Santa 90 11 12%
Barbara, CA
Austin-Round Rock, TX 670 81 12%
San Jose-Sunnyvale- 2,579 311 12%
Santa Clara, CA
Dallas-Fort Worth- 337 40 12%
Arlington, TX
Bridgeport-Stamford- 129 15 12%
Norwalk, CT
Charlotte-Concord- 69 8 12%
Gastonia, NC-SC
San Antonio-New 62 7 11%
Braunfels, TX
 Omaha-Council Bluffs, 56 6 11%
NE-IA
Cleveland-Elyria, OH 160 17 11%
Raleigh, NC 130 13 10%
Salt Lake City, UT 199 19 10%
Phoenix-Mesa- 224 21 9%
Scottsdale, AZ
Atlanta-Sandy Springs- 418 39 9%
Roswell, GA
Nashville-Davidson-- 227 20 9%
Murfreesboro--Franklin,
TN
Minneapolis-St. Paul- 240 21 9%
Bloomington, MN-WI
Orlando-Kissimmee- 96 8 8%
Sanford, FL
Provo-Orem, UT 105 4 4%

Source: Center for American Entrepreneurship analysis of PitchBook data

Note: Female-founded indicates that at least one company founder is female