We were so excited to see the results of our client, BIP Capital’s, The State of Startups in the Southeast™ report. This report delivers a comprehensive overview of the venture capital and startup ecosystem in the southeastern United States.
Taking an in-depth look at startup activity across nine southeastern states in the time period from January 1, 2012, to August 31, 2017, it reveals some positive trends, including:
- There is a definite maturation of the startup ecosystem in the Southeast, particularly in Georgia.
- Florida, North Carolina and Georgia lead southeastern states with respect to deal activity and total investment dollars.
- The most investments in the Southeast in a single year occurred in 2014. That said, 2017 is looking to be a strong year, outpacing last year’s total number of deals and dollars invested.
- Southeastern corporations are allocating more of their balance sheets to venture activities.
The report also highlights a few things we should expect to see in the near future, such as an increase in the type and amount of private market investment products as a result of increasing retail demand for the asset class. BIP Capital suggests that we will also see the emergence of mini-incubators and small startup office centers in smaller innovation hubs.
The full The State of Startups in the Southeast report goes into incredible detail on a state-by-state basis and we encourage you to download it for free here.