The pandemic seemingly accelerated interest in venture investing throughout the country, rather than in just a select concentration of locales. With that as a backdrop, Revolution partnered with PitchBook Data to look beyond the headlines and see where venture dollars—early stage in particular—were really going.

The St. Louis ecosystem has enjoyed consistent seed and early stage deal volume over the past decade. What has changed is the dollar amounts, which are much higher today compared to 2011. 2021 is an outlier year at $247.1 million. Between 2018 and 2020, St. Louis was becoming adjusted to around $100 million of seed and early-stage dollars per year. In 2011, by comparison, that number was only $35.3 million. READ the Report