Plains Regional Report (Venture Across America) (National Venture Capital Association (NVCA))

Summary

• The Plains region recorded $2.46 billion in deal flow in 2024.p.3
• Deal value in the region increased 35.2% from 2015 to 2024.p.3
• The average deal size in the region in 2024 was $6.56 million.p.3
• The region recorded 375 deals in 2024.p.3
• Iowa ranks sixth out of all 50 states for 10 year growth in the number of deals (2015-2024).p.6
• Capital Innovators has supported more than 190 startups and helped raise over $1 billion in follow-on capital.p.4

Key insights

1. Minnesota provides one of the region's most mature innovation footholds, supported by research universities, patent strength and technical talent.p.2
2. The Plains' breadth across agtech, food systems, medical technology, software, fintech, robotics, energy technology, advanced manufacturing and logistics is one of its defining advantages.p.2
3. RiverVest Venture Partners has founded or co-founded 19 portfolio companies, with more than 20 profitable exits and over 30 commercial products.p.4
4. Everest Group, based in Omaha, is a venture capital and private investment firm with over $1 billion in assets under management.p.4
5. North Dakota ranks eighth of all 50 states for 5 year growth in the number of investors (2020-2024).p.6
6. Kansas ranks seventh of all 50 states for 10 year growth in assets under management (2015-2024).p.6
7. NVCA's regional series examines eight distinct regions as defined by the U.S. Bureau of Economic Analysis.p.7