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Spokane, Washington  Est. May 19, 1883

Top cities for startup funding

Employees of Rivalry Games work at technology incubator MuckerLab, in Santa Monica, California, on Aug. 12. The relocation of tech companies to Southern California is part of a growing movement of U.S. cities seeking to duplicate the formula that turned Northern California’s Silicon Valley into a mecca of innovation and wealth. (Associated Press)

When you think of tech startups, you probably think Northern California. Companies there receive the largest share of funding from venture capitalists, but there are several other notable pockets around the country.

In the first nine months of the year, venture capitalists poured $24 billion into tech startups around the country. About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association.

Here are the top 20 metropolitan areas receiving such funding through Sept. 30, ranked by funding amount. The figures include tech startups for software, business services, networking and telecom, but exclude some categories such as biotech, energy, medical devices and retail.

Rank City or area Funding Deals
1 San Francisco $9.32 billion 506
2 San Jose, California (Silicon Valley) $3.78 billion 237
3 New York $3.05 billion 272
4 Boston $1.05 billion 158
5 Los Angeles-Long Beach, California (Silicon Beach) $768 million 105
6 Oakland, California $510 million 41
7 Seattle-Bellevue-Everett $471 million 56
8 Provo-Orem, Utah $462 million 9
9 Washington D.C. $456 million 77
10 Chicago $402 million 57
11 Austin-San Marcos, Texas $315 million 58
12 Salt Lake City-Ogen, Utah $275 million 16
13 Denver $240 million 26
14 Atlanta $233 million 32
15 Orange County, California $212 million 46
16 San Diego $140 million 31
17 Phoenix $136 million 12
18 Dallas $132 million 21
19 Philadelphia $125 million 32
20 Pittsburgh $124 million 35

Associated Press