Which Cities Specialize in Which Startup Industries

Some startup ecosystems go deep in one industry. Some have a little bit of everything. Here's where is best for what:

Note - AI is infused in many of these sectors. But if you were to split it out on it's own, it takes the top spot in the Bay Area which is a pretty plum placement.

𝗦𝗮𝗮𝗦

• The foundation of most startup metros across the US

• Top sub-sectors include cybersecurity, gen AI, and data analytics

𝗕𝗶𝗼𝘁𝗲𝗰𝗵

• Boston, San Diego, and the Research Triangle all depend highly on this sector

• More concentrated in "superstar" bio cities than most other startup sectors, perhaps due to the high capital costs or talent density?

𝗛𝗲𝗮𝗹𝘁𝗵𝘁𝗲𝗰𝗵

• In the top 5 in many places!

• Has attracted more attention post-pandemic (used to be behind fintech and consumer, now on equal footing)

𝗙𝗶𝗻𝘁𝗲𝗰𝗵

• Maintains the ancestral home in NYC

• Takes up a lot of space in Miami and Austin as well

• Less than 10% of Bay Area early-stage funding since 2022

𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿

• Remains centered in Los Angeles

• A strong supporting sector in other major ecosystems, especially when including new food/beverage and retail startups

𝗚𝗮𝗺𝗶𝗻𝗴

• LA and Miami seem to have the most lively gaming startup funding

𝗛𝗮𝗿𝗱𝘄𝗮𝗿𝗲

• Makes the top 5 in Bay Area, LA, Austin, and Denver/Boulder

𝗘𝗻𝗲𝗿𝗴𝘆

• Top 5 only in Denver/Boulder and Salt Lake. Number 6 in Seattle, just off the list.

Data looks at total funding for startups based in that metro area by sector since 2022. Only includes pre-seed, seed, and Series A rounds ($55 billion in total capital).

Comment below if you'd like a high-res version of the list!

#cartadata #seedfunding #SeriesA #startups #founders