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Kansas City

Kansas City-Overland Park-Kansas City, MO-KS CSA Kansas, Missouri

Overall score21.4#30 of 32 metro areas
Development12.2Size of activity
Growth42.7#21 in growth
Startup raises183$4.1B sold · 18 venture funds raised $232M

Activity by quarter

Startup raises per quarter
peak 14Q4 2020: 92020Q1 2021: 82021Q2 2021: 14Q3 2021: 13Q4 2021: 10Q1 2022: 102022Q2 2022: 8Q3 2022: 7Q4 2022: 10Q1 2023: 102023Q2 2023: 13Q3 2023: 5Q4 2023: 4Q1 2024: 72024Q2 2024: 4Q3 2024: 6Q4 2024: 11Q1 2025: 72025Q2 2025: 4Q3 2025: 5Q4 2025: 6Q1 2026: 42026Q2 2026: 4Q3 2026: 4
Venture funds per quarter
peak 3Q4 2020: 12020Q1 2021: 02021Q2 2021: 1Q3 2021: 2Q4 2021: 1Q1 2022: 02022Q2 2022: 1Q3 2022: 1Q4 2022: 1Q1 2023: 12023Q2 2023: 0Q3 2023: 0Q4 2023: 0Q1 2024: 02024Q2 2024: 3Q3 2024: 1Q4 2024: 0Q1 2025: 02025Q2 2025: 0Q3 2025: 1Q4 2025: 0Q1 2026: 12026Q2 2026: 2Q3 2026: 1
YearStartup raisesStartup dollarsVenture fundsVenture fund dollars
Q4 2020–Q3 202144$3.1B4$33M
Q4 2021–Q3 202235$344M3$89M
Q4 2022–Q3 202338$145M2$43M
Q4 2023–Q3 202421$120M4$10M
Q4 2024–Q3 202527$237M1$28M
Q4 2025–Q3 202618$195M4$28M

Score breakdown

Development scales each six-year total 0–100 between the smallest and largest ranked metro areas; Growth is each measure’s momentum as a percentile among them.

MeasureSix-year totalDevelopmentLast 2 years vs prior 2Last year vs priorGrowth
Startup raises1835.3−24%−33%0.0
Startup dollars raised$4.1B29.7+63%−18%48.4
Venture funds187.4−17%+300%74.2
Venture fund dollars$232M6.4+5%+2%48.4

Venture firms headquartered here

None of the firms in our Venture Capital Fund Index is headquartered here yet.

How the index works

Every company and fund raising money privately in the US files a Form D notice with the SEC within 15 days of its first sale. We count each new offering once, in the quarter of its first notice, at the amount sold in its latest amendment. Startup raises are offerings by operating companies in technology, health care, energy, manufacturing, business services, and financial services (excluding banks and debt-only offerings). Venture funds are pooled funds that describe themselves as venture capital funds, excluding single-deal and series vehicles (SPVs) and feeder funds.

Offerings are placed by the issuer’s ZIP code in its combined statistical area, or its metropolitan area where there isn’t one. Addresses shared by 25 or more unrelated issuers (registered agents, fund administrators, mail drops) are left out, because they don’t say where a company works.

Development averages four measures over the whole period: the number of startup raises, the dollars they sold, the number of venture funds, and the dollars they raised. Each is scaled 0–100 on a log scale between the smallest and largest ranked area. Growth averages, for the same four measures, the change in the last two years against the two before and in the last year against the one before, as a percentile among ranked areas. Overall is 70% Development plus 30% Growth. Areas need 150 startup raises and 10 venture funds in the period to be ranked.

Form D undercounts: some issuers never file, and amounts are self-reported. Amounts sold grow as issuers amend their notices, so the latest quarters’ dollars run low until they do. Delaware and Wyoming still include companies that list a smaller registered agent’s address rather than where they work. Firms are placed in a metro by their headquarters city. Data through September 30, 2026. Sources: SEC Form D data sets; US Census Bureau 2020 ZCTA to county relationship file; OMB 2023 metropolitan area delineations (NBER county crosswalk).