Carta released its Startup Ecosystem Leaderboard covering the $124 billion invested into startups on its platform from July 2025 through June 2026. The Bay Area received 41.3% of that total, or $51.3 billion, for companies headquartered in the metro. New York received 18.0% and Boston received 8.7%.
The Bay Area captured nearly 2.5 times the capital of the New York ecosystem across all categories.