United States

Washington, D.C. #11

Late-Globalization Phase

Startups in Washington, D.C., have a refreshing focus on taking on significant global challenges and bringing their unique entrepreneurship lens to problems historically left to governments.

Donna Harris
Cofounder, 1776 General Partner, 1776 Ventures

Sub-sector Strengths

Cybersecurity

As a share of its total, the region has 2.5x more Cybersecurity startups than the global average, and these companies can draw on a regional population of cyber-related engineers three times larger than the rest of the country combined. Tenable Network Security IPO’d in 2018 with a valuation of $2.1 billion. Washington. D.C.-based Lavrock Ventures, announced a $25 million fund to invest in enterprise software, cybersecurity and national security early-stage startups.

Edtech

Numerous government agencies and influencers play a role in Washington D.C.’s Edtech ecosystem including the Office of Education Technology at the U.S. Department of Education. The regional Edtech ecosystem is supported by Novak Biddle Venture Partners, a supporter of Edtech ventures with investments in 2U, Inc., Capital Education Group, Inc., and Parchment. Ever­Fi, an online course provider has raised $251 million in total funding.

Why you should invest in Washington, D.C.

TOTAL EARLY STAGE FUNDING
$1.6 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$21 bn
GLOBAL AVG.
$10.5 bn
Top 10 Global Ecosystem
Talent
Top 15 Global Ecosystem
Funding
8
Exit Growth
INDEX
10
Investor Activity
INDEX
4
Funding Growth
INDEX

Reasons to move your startup to Washington, D.C.

MEDIAN SEED ROUND
$600 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$4.4 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$89 k
GLOBAL AVG.
$42.1 k

Proximity to Government

It’s no accident that the nation’s capital has developed a thriving tech ecosystem. Startups have access to funding, contracts, customers, and experienced talent. The region is home to four of the top five 2018 research funders in Life Sciences. In-Q-Tel is a nonprofit investor that accelerates the development and delivery of technology to the American intelligence community.

COVID-19 Policy

The U.S. Small Business Administration is providing an emergency grant of $10,000 to SBA Economic Injury Disaster Loan applicants. Even if a business is denied a loan, it can still access this grant, which can be used to provide employee sick leave, maintain payroll or meet other business needs.

Startup Community

Startup Genome
Partners

1863 Ventures
Acceleprise
Beacon DC
Conservation X Labs
DC Fashion Foundation
Halcyon Incubator
PeaceTech Accelerator
Village Capital
Women’s Business Center (DCWBC)

Featured Articles from
Local Ambassadors

Steven Rodriguez
Steven A. Rodriguez is Managing Director and Founder of SUEGO™ and Chief Culture Officer at BloomShift™. He co-leads various ESHIP programs through his non-profit InnovateCoalition™; is a Business Development & Digital Marketing Mentor & Contributor for WeWork Labs and Coach for the DC Department of Employment Services Innovation Lab; and is a Board Member to the International Council on Trade and Development.
Steven Rodriguez | Ambassador
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Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.