Discover more from Decentralized Economy by Connor Leech
San Francisco still tops startup funding
Despite the doomsday predictions during COVID and the crypto boom, companies headquartered in SF continue to attract the most startup funding. See the full list here.
Recently I’ve pulled some new data about US-based startups into Employbl and would like to share some insights with you.
Series A, B and C funding
According to our data 1,323 unique companies raised a Series A, Series B or Series C round over the past 12 months. In the previous period 1,718 unique companies raised one of those rounds, so a 23% decrease in the number of companies funded. However, it’s difficult to get “real time” up to date data on who has been funded over the past three to six months because companies sometimes hold off on announcing funding rounds and it takes time for our web scrapers to catch up, so take this with a grain of salt.
For our data there were:
827 unique Series A funding rounds for a total of $14.84 billion raised.
426 unique Series B funding rounds for a total of $18.3 billion raised.
182 unique Series C funding rounds for a total of $13 billion raised.
This highlights that over the past year only about one fifth of companies that raised a Series A went on to raise a Series C. The dollar amount going to Series A companies as later stage Series C companies was similar though.
California makes a strong showing in this graphic. It’s possible that since I’m based in California and know lots of Bay Area companies that CA companies are over represented in the Employbl database. If you’d like to add or promote your US-based tech company on Employbl you can do so here.
Even if we extend the data back to 2020 though the order of the cities does not change. Austin makes a very strong showing, as does Palo Alto, especially given their much smaller population sizes. Seattle actually had fewer early stage startup dollars invested in than San Diego. That’s a surprising result I may need to investigate more. It could be that Seattle is home to bigger, established tech companies and not so much startups. Or maybe I’m not pulling in enough data about Seattle tech companies.
San Francisco startups
Since I live in San Francisco, and many of you are in the Bay Area let’s dive into some of the notable San Francisco companies that raised Series A, B and C rounds within the past 12 months.
Note if you’d like to explore these through the Employbl UI you can do so through the “Company Directory” page: https://www.employbl.com/companies?raise_rounds=Series+A&page=1&hq_location=San+Francisco%2C+CA
Without further ado here are SF startups that have raised money in the past year. If I missed any please reply and let me know!
That’s all for now! I’ve had fun playing with this Datawrapper tool and hope to use it more in the future. If there’s any data you’re curious about shoot me a reply!