US Great Lakes

Following Ohio-based Root Insurance’s mega-deal, we took a look at the busiest US VCs in the region since the start of 2008. What do the most active venture investors in the Great Lakes have in common?

On the whole, investment trends in the Great Lakes have mirrored those across US, with a significant dip in activity in 2009 followed by years of steady uptick. During the past calendar year, though, the decline in deal flow in the region has outpaced that of the entire country.

We focus on venture capital activity in three U.S. regions: Boston, Los Angeles and the Midwest. Highlights include: Capital invested in Boston-area biotechs reached nearly $3 billion; Three Los Angeles-area companies garnered $1 billion+ valuations, with one exceeding $15 billion; Median pre-money valuations in the Midwest jumped by 35% YoY.

To wrap up our 2Q 2015 recap series, we analyze venture capital activity in six of the most active U.S. regions: the Bay Area, Boston, New York, Los Angeles, the Midwest and the Pacific Northwest. Check out our breakdown of each region.