Which US states have the largest and most successful startups?

SourceScrub, a data provider for investors, has compiled a list of the top 20 states with the largest privately held companies.

The list was compiled based on employee count and spans 108 industries in total, making these states thriving communities for new companies. All of the companies have an employee range of 500 – 10,000+ and were founded during or after 2015.

US states with the largest and most successful privately-held companies

1. California – 117
2. Texas – 75
3. Florida – 64
4. New York – 50
5. New Jersey – 31
6. Illinois – 28
7. Pennsylvania – 25
8. Georgia – 24
9. Massachusetts – 19
10. North Carolina & Virginia – 17
11. Arizona – 16
12. Ohio & Washington – 15
13. Michigan, Missouri, Oregon & Utah – 14
14. Tennessee – 13
15. Colorado – 10

California tops the list with 117 companies that have started since 2015 with 500-10,000+ employees, while Texas, which has 75 companies, came in second. Finishing the top three is Florida with 64 companies.

In joint 10th are North Carolina & Virginia with 17, whilst Michigan, Missouri, Oregon & Utah lie in joint 13th place with 14 privately-held companies apiece.

Founded by Tyler Fair and Prescott Nasser, Sourcescrub analyzes thousands of sources and provides an organized and easy way to access this crucial information in a platform purpose-built for finding, researching and connecting with privately held companies.

SourceScrub Co-founder, Tyler Fair comments on the findings: “These states have a large number of successful, private companies that are employing a substantial number of people. It’s great to see the amount of successful companies starting up in recent years across the country.”