On Monday, we pointed out major funding rounds in New York that highlighted design-focused InVision and the viral media site Buzzfeed. It came as no surprise that New York was home to these two hot markets. Last week, we explored how London was leading the charge for FinTech startups. So this week, we looked at the top categories for all the major US tech hubs in 2014.

Starting with San Francisco, software is leading all categories in 2014 with 83 venture rounds and counting. Yesterday, SF-based advertising software company AdStage announced a $6.3M Series A and according to a recent SEC filing enterprise software company ScriptRock took in $8.7M. Over the last week in the US, software companies raised over $65M in 23 funding rounds. Of the 40 cities with more than five venture rounds this year, half were led by software companies.

Bucking the trend this year has been Seattle. The software capital of the universe has made a big push into biotech with 19 funding rounds in the year to date. Adaptive Biotechnologies and Juno Therapeutics have already scored two big rounds apiece along with a $30.3M Series B for Integrated Diagnostics.

The mobile sector in Los Angeles has been the category leader in Southern California. Charity and mobile video app Chideo raised $9.1M earlier this year, in addition to $1M+ rounds for mobile apps myLINGO and RadPad. Seven other mobile startups from LA have been funded this year.

During the past week, US e-commerce companies raised over $35M across 10 different cities. New York online mattress retailer Casper raised a $13.1M Series A from a slew of 13 different investors to sell mattresses directly to consumers. B-Stock Solutions of Redwood City also raised a $7M Series A for their e-commerce platform allowing business to liquidate excess inventory. The 13 total rounds last week were second only to software.

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  • Originally published August 14, 2014, updated April 26, 2023