Research
Series A AI Funding 2025 Annual
$16M separates top-tier metros from everyone else — a 60% premium for the same stage
Companies above the line had 2.1x better Series B conversion rates
The 'city premium' isn't cost of living — it's investor density and follow-on network effects
94+ investors read this report
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What's Inside
- 1The $16M Dividing Line
- 2Top 5 vs Rest: By the Numbers
- 3City-by-City Breakdown
- 4The Investor Density Effect
- 5Series B Conversion Rates
- 6Founder Playbook
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