Massachusetts
State · United States · Pop. 7.1M · WithinWorldNorth AmericaUnited StatesMassachusetts
Startup funnel
Massachusetts's startup funnel
Companies headquartered in Massachusetts at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
Quarterly report
Massachusetts's latest quarter in venture capital
Venture capital raised by Massachusetts-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Massachusetts-headquartered companies…
Enterprise value
How much Massachusetts’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Massachusetts, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
VC investment
How much venture capital flows into Massachusetts
VC investment into Massachusetts-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Largest rounds
Largest funding rounds in Massachusetts
A live treemap of the largest VC rounds. Each cell is one round into Massachusetts-headquartered companies, grouped by Dealroom sector.
Largest rounds in Massachusetts - 2026
Academia
Massachusetts's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Massachusetts.
| # | University | City | Unicorns | Companies |
|---|---|---|---|---|
| 1 | 🇺🇸Harvard University | Cambridge, MA | 320 | 9,055 |
| 2 | 🇺🇸MIT | Cambridge, MA | 295 | 9,472 |
Location comparison
How Massachusetts stacks up
Compare Massachusetts with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top regions in United States ranked by combined EV. Massachusetts's row is highlighted (#8).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | California | $22T | 7.8× | 1,138 | $179B | 37.1K |
| 2 | Western United States (Pacific, excl. Bay Area) | $5T | 5.2× | 329 | $29.9B | 16.6K |
| 3 | Northeastern United States | $3.3T | 4.5× | 652 | $53B | 31.4K |
| 4 | Texas | $3.1T | 12.1× | 143 | $11.5B | 6,815 |
| 5 | Washington (State) | $2.9T | 4.5× | 76 | $7.5B | 3,279 |
| 6 | Southeastern United States | $1.4T | 4.8× | 191 | $11.7B | 14.5K |
| 7 | New York State | $1.4T | 5.1× | 301 | $30.9B | 15.8K |
| 8 | Massachusetts | $1.1T | 4.4× | 209 | $12.9B | 6,164 |
| 9 | Florida | $798B | 9.8× | 67 | $4.1B | 4,945 |
| 10 | Midwestern United States | $668B | 3.7× | 125 | $9.5B | 10.9K |
| 11 | Western United States (Mountain) | $406B | 4.4× | 113 | $10.3B | 5,621 |
| 12 | Illinois | $269B | 3.6× | 55 | $2.3B | 3,167 |
More data
Explore Dealroom data →Get the full Massachusetts ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.