Tech’s Great Migration: Insights to Emerging Tech Hubs Across the U.S

We were energized by the debate and started tracking deal volumes and deal flow across 25 emerging tech hubs as well as SF, NYC and LA. In the second year of the report, “Tech’s Great Migration: Insights to Emerging Tech Hubs Across the U.S.” it is clear investments continue to flood into emerging tech hubs across the U.S. The report is filled with data and images that illustrate where the deals are happening and which hubs and sectors are growing the fastest.

Here are a few of the highlights:

Mayor Suarez’ bid to turn Miami into the blockchain & crypto capital of America is coming true

• In the past year, Miami emerged as one of the top regions receiving Blockchain investments
• SF, NYC, and LA still lead the country in Blockchain investments, but Miami emerged from nowhere to take 4th place
• Miami had the greatest percentage growth in VC backed companies from 2020 to 2021, but still have a long way to go to catch up to the major Tech Hubs

VC Deal Volumes Accelerate Across 24 of America’s 25 Emerging Tech Hubs

• Total number of VC deals for Miami backed companies grew 260% y-o-y, followed by Houston (165%) and Washington DC (143%)
• Pittsburg was the only city to see a slowing in VC deals compared to the previous year

More than half VC investments in major regions went to SF Bay Area and NYC; followed by LA, Boston, Seattle, and Austin

To see data and insights on all 28 cities, click here to download the full report.