Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
September 19, 2023 | Tom Ballard

Stanford alumni founders again top list for most venture capital raised

The annual listing of the top 100 is compiled by Pitchbook. The highest-rated university in the southeast region is Duke at #19.

Pitchbook has released its annual rankings that compare universities based on the number of alumni entrepreneurs who have raised venture capital (VC) in the last decade. The rankings are powered by PitchBook data and are based on an analysis of more than 150,000 VC-backed founders.

The top five are not much of a surprise although, depending on the specific criteria used, there might be some different expectations. Pitchbook ranks on founder count.

Topping the list is Stanford University with 1,435 founders raising capital, barely edging the University of California, Berkeley, which placed second on that metric with 1,433 founders raising outside investment. The Stanford founders raised a combined $73.5 billion in the 10-year period, compared to Cal Berkeley’s total of $47.5 billion raised.

Others in the top 10 in terms of founders raising capital are:

  • #3 – Harvard University (1,205);
  • #4 – University of Pennsylvania (1,083);
  • #5 – Massachusetts Institute of Technology (1,079);
  • #6 – Cornell University (856);
  • #7 – Tel Aviv University (825);
  • #8 – University of Michigan (800);
  • #9 – University of Texas (742); and
  • #10 – University of California, Los Angeles (639).

How did regional universities fare? The highest ranked was Duke University at #19 followed by the University of Virginia (#31), Georgia Institute of Technology (#34), University of Florida (#45), University of North Carolina at Chapel Hill (#49), Vanderbilt University (#56), and North Carolina State University (#96).


Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!