Q1 2023: Top 10 US Cities by Venture Capital Investment; Nashville soars to 5th

[Nomayoplease]

Originally Posted by dimondpark

Oh absolutely, the Bay Area always outperforms when it comes to the largest investments.

Top 10 global financings in Q1'23
1. Stripe — $6.5B, San Francisco, US — Fintech — Series I
2. Generate — $880.6M, San Francisco, US — Cleantech — Late-stage VC
3. Zeekr — $750M, Ningbo, China — Mobility tech — Series A
4. Zwift — $620M, Long Beach, US — Specialty retail — Late-stage VC
5. Abound — $602M, London, UK — Fintech — Early-stage VC
6. Xpansiv — $525M, San Francisco, US — Fintech — Late-stage VC
7. PhonePe — $445.6M, Bengaluru, India — Mobile/fintech — Late-stage VC
8. SolarSpace — $442M, Xuzhou, China — Cleantech — Series B
9. Netskope — $401M, Santa Clara, US — Cybersecurity — Late-stage VC
10. EcoCeres — $400M, Hong Kong — Cleantech — Series B

The only other North American funding in the top 10 was by a company in SoCal.

page 18 of this pdf: https://assets.kpmg.com/content/dam/...-23-report.pdf

Zeekr impressiive

[Nomayoplease]

Any list with worldwide cities

[3rd&Brown]

Originally Posted by summersm343

Interesting that this PDF from the National Venture Capital Association has completely different numbers and cities than what EY has:

https://nvca.org/wp-content/uploads/...Q1_23_VM_U.pdf

I would say this EY “information” is suspect and likely inaccurate.

The top 10 here are:

1. San Francisco - $15.5B
2. NYC - $5.1B
3. Boston - $3.0B
4. Los Angeles - $2.3B
5. Denver - $1.0B
6. Washington DC - $800M
7. Philadelphia - $700M
8. Seattle - $700M
9. Chicago - $600M
10. Miami - $300M

This is why Philadelphians hate everyone tbh. There are times (like these) where it feels like we get purposefully excluded from inclusion in lists and best of summaries just because it doesn't suit the author's perception or the conclusion they're trying to convey. Or like the time Andy Jassy stepped over Philly for HQ2 even though insiders admitted Philly scored highest in Amazon's own criteria because he hates the Eagles and said "everyone wants to be in Nashville".

Ugh. Okay.

Anyways. Only an idiot would walk around West Philly / University City and not realize that we're near the top of the heap for VC in this country.

Good day y'all!

[Tom In Chicago]

Originally Posted by Crawford

Like all good SSPers, I support whichever list boosts my homer biases and political narratives.

I'm just glad someone quickly put up a list with Chicago in it. . . was having a panic attack there for a minute. . .

. . .

[Gantz]

Originally Posted by twinpeaks

Diamondpark - you have wealth of knowledge on various topics and very good debater. what's your career background?

Professional homer and booster on multiple related internet forums.

[Panpillsnoo]

Originally Posted by dimondpark

Oh absolutely, the Bay Area always outperforms when it comes to the largest investments.

Top 10 global financings in Q1'23
1. Stripe — $6.5B, San Francisco, US — Fintech — Series I
2. Generate — $880.6M, San Francisco, US — Cleantech — Late-stage VC
3. Zeekr — $750M, Ningbo, China — Mobility tech — Series A
4. Zwift — $620M, Long Beach, US — Specialty retail — Late-stage VC
5. Abound — $602M, London, UK — Fintech — Early-stage VC
6. Xpansiv — $525M, San Francisco, US — Fintech — Late-stage VC
7. PhonePe — $445.6M, Bengaluru, India — Mobile/fintech — Late-stage VC
8. SolarSpace — $442M, Xuzhou, China — Cleantech — Series B
9. Netskope — $401M, Santa Clara, US — Cybersecurity — Late-stage VC
10. EcoCeres — $400M, Hong Kong — Cleantech — Series B

The only other North American funding in the top 10 was by a company in SoCal.

page 18 of this pdf: https://assets.kpmg.com/content/dam/...-23-report.pdf

Isn't that the same Zeekr that manufactures cars and is essentially a division of Geely? They also claimed they were competing with Tesla. However, after a bunch of news this winter about widespread breakdowns of Chinese cars in Russia and Kazakhstan, I wouldn't call any Chinese car a competitor.