Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
CCA Launch Crowdfunding Genome and Ecosystem Report 2024
Crowdfunding | Release | Jul 11, 2024
Image: CCA Crowdfunding Genome (July 2024)
Innovative tool highlights top U.S. startup ecosystems, revealing key trends and insights
Denver, Colorado, July 11, 2024 - Today, the "Crowdfunding Genome", a visualization tool and ecosystem report, was launched by Crowdfund Capital Advisors (CCA), a global authority in investment crowdfunding research, data, and analysis. This data research highlights the best cities for entrepreneurship and crowdfunding innovation while providing insights into startup ecosystems across the country.
What is the Crowdfunding Genome?
A visualization tool developed by CCA, the Crowdfunding Genome provides access to comprehensive crowdfunding data insights unveiling the inner workings of startup ecosystems. Using sophisticated analytics and exclusive investment crowdfunding data, it evaluates a number of variables that affect and rank startup performance, such as fundraising amounts, investor participation, and entrepreneurial conditions of the sector. The Genome also comes with a complimentary 'Investment Crowdfunding Ecosystem Report 2024' that explores the results.
Phoenix/Scottsdale Tops the List of Best Startup Ecosystems in the USA
According to the Crowdfunding Genome, Phoenix/Scottsdale is currently the nation's top startup ecosystem based on a number of variables contributing to the region's top ranking:
See: Fintech Fridays EP62: The Future of Investment Crowdfunding: Innovations, Data, and Opportunities
- Growth in valuation
- Repeat issuers
- Robust investment climate
- Supportive community
- Innovative spirit
CCA Crowdfunding Genome Phoenix Scottsdale July 2024
Phoenix/Scottsdale entrepreneurs have effectively used crowdsourcing to support their businesses, creating an example that other areas might follow.
- Total capital raised of $32.7 million raised from 97 issuers across 117 deals
- Total checks written of 24,563 (indication of investors)
- Crowdfunding success rate of 71.79%
Sherwood Neiss, Principal at CCA:
"We are thrilled to see Phoenix/Scottsdale recognized as the top startup ecosystem for 2024. This accolade is a testament to the region's vibrant entrepreneurial community and the effectiveness of crowdfunding in driving business growth. It is another proof point that startups need not be located in Silicon Valley to prosper."
CCA Crowdfunding Genome Silicon Valley network
California Recognized as the Best State for Startups
According to the Crowdfunding Genome, California is the ideal state for startups and is still at the forefront of investment and innovation with over $262 million raised from 654 deals across 540 issuers. A total of 248,748 checks written, average size $1,054. Because of its talent concentration, easy access to venture financing, and progressive laws, the state offers an ideal environment for the development of new businesses.
See: Current State of Crowdfunding in Europe 2023 Market Report
"For the 8th consecutive year, California is recognized as the best state for startups," added Neiss. "The state’s ecosystem provides unparalleled opportunities for entrepreneurs to scale and succeed. It is exciting to see the broad application of investment crowdfunding for California entrepreneurs."
Financing Trends
The Crowdfunding Ecosystem 2024 Report reveals several emerging trends in the crowdfunding space:
- Significant rise in investments in the biotechnology sector, reflecting the public's rising interest in advancements in the health and life sciences.
- Also an upward trend in financing for environmentally friendly and sustainable technologies, which reflects the world's growing environmental concern.
See: Innovating Crowdfunding with Bitcoin’s Network
- Technology firms, especially fintech and AI, continue to draw significant investment, a sign of the industry's resiliency and growth potential.
Outlook
The Crowdfunding Genome by the Crowdfund Capital Advisors democratizes access to industry bench-marking information, promoting a more open and effective investing environment. It provides thorough insights into the functioning and potential of startup ecosystems across the United States, enabling investors, entrepreneurs, and policymakers to make well-informed decisions.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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