Menlo Park, California -- North American venture capital database VentureDeal tracks life science companies that receive venture capital investment.
Medical Device aggregate funding distribution by state is shown in the chart below:
California medical device firms received the greatest amount of disclosed funding by a large margin, at $1.34 billion during the period from January 1, 2015 to October 14, 2015.
Massachusetts companies came in a distant second place at $430 million.
Surprisingly, the state of Ohio came in third at $137 million, followed closely by Pennsylvania at $136 million.
Rounding out the top five was another surprise with the state of Georgia, which received $114 million in investment during the period.
Canada ranked 21st, receiving $12.75 million in disclosed aggregate medical device financing.
A total of 32 U.S. states were represented in the activity, which indicates a healthy distribution outside the usual high tech hotspots for medical devices.