Beyond Silicon Valley:

Coastal dollars and local investors accelerate early-stage startup funding across the US

2021 is turning into a record year for venture, but where are those dollars going? Not where you might expect. For the first time in more than a decade, the proportion of seed- and early-stage capital invested in Bay Area Startups is on pace to drop below 30%.

Having visited, backed, and spotlighted companies in rising startup ecosystems for the last decade, Revolution’s Rise of the Rest Seed Fund partnered with PitchBook to take a closer look at this seismic shift. The full report explores how the trend towards investing in rising cities evolved, including notable pandemic-related accelerations, with highlights including:

  1. Cities attracting the most seed- and early-stage capital from Bay Area- and NYC-based investors;
  2. The impact of an increasing number of regional venture investors; and
  3. Insights from local partners in rising startup ecosystems.