As of August 2025, the number of private equity and venture capital-backed companies amounted to over 144,362 in the United States. The U.S. state with the highest number of PE/VC-backed companies was California, with over *.
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S&P Global Market Intelligence. (August 18, 2025). Number of private equity (PE) and venture capital (VC) backed private companies in the United States as of 2025, by state [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/452141/pe-vc-backed-private-companies-us/
S&P Global Market Intelligence. "Number of private equity (PE) and venture capital (VC) backed private companies in the United States as of 2025, by state." Chart. August 18, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/452141/pe-vc-backed-private-companies-us/
S&P Global Market Intelligence. (2025). Number of private equity (PE) and venture capital (VC) backed private companies in the United States as of 2025, by state. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/452141/pe-vc-backed-private-companies-us/
S&P Global Market Intelligence. "Number of Private Equity (Pe) and Venture Capital (Vc) Backed Private Companies in The United States as of 2025, by State." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 18 Aug 2025, /statistics/452141/pe-vc-backed-private-companies-us/
S&P Global Market Intelligence, Number of private equity (PE) and venture capital (VC) backed private companies in the United States as of 2025, by state ÌÇÐÄÆƽâ°æ, /statistics/452141/pe-vc-backed-private-companies-us/ (last visited July 24, 2026)
Number of private equity (PE) and venture capital (VC) backed private companies in the United States as of 2025, by state [Graph], S&P Global Market Intelligence, August 18, 2025. [Online]. Available: /statistics/452141/pe-vc-backed-private-companies-us/
