Menlo Park, California -- Funding activity for Ecommerce technology companies funded by venture capital firms in North America have continued to show strength in 2015.
The chart below shows the number of funding transactions by state from January 1 through October 20:
Predictably, California accounted for the greatest number of transactions, with startups there enjoying 29 transactions.
New York State followed in second place with 16 deals during the period
Notably, Canada came in third with 8 transactions, though many of these were for smaller amounts and earlier stages, typically Series A.
Texas came in fourth at six deals and North Carolina rounded out the top five performing states with five transactions. North Carolina also featured relatively small transactions, with none exceeding $4.2 million in size.
19 different states plus Canada were represented in the data, which indicates a significant distribution of Ecommerce companies being funded throughout North America.
This bodes well for a healthy ecosystem of Ecommerce startups at all stages of development.