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TechWire Rewind: PRA Health merger; startups raise cash; insightsoftware acquisitions – 68 headlines in all
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TechWire Rewind: Raleigh s hot job market; funding news; VentureSouth bullish on NC; SPAC trend grows -79 headlines to review
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RESEARCH TRIANGLE PARK – Investments in North Carolina startups in 2020 rivaled the heady dot com years of the 1990s, hitting $3.6 billion for the year, according to the Pitchbook NVCA Venture Monitor.
NC ranked sixth for the total amount of venture investments raised in 2020, but its numbers are skewed by the $1.8 million raised by Cary-based Epic Games, among the most raised nationally. Epic benefitted from the popularity of its big hit Fortnite and its Unreal Engine for game-building as video games became one of the pandemic escapes for many people stuck at home. Video games posted record sales worldwide in 2020.
The state’s performance was part of a banner year nationally for startup exits, venture investments, and fund-raising, according to the report. The overall venture capital market was buoyed by a resurgence in the IPO market. Airbnb and other prominent companies launched successful IPOs, which encouraged further investments down the line.
NC s startups raised record amounts of money in 2020, with half coming from Epic Games Zachery Eanes, The News & Observer (Raleigh, N.C.)
Jan. 14 RALEIGH When the coronavirus came to American shores last year, startups across North Carolina fretted about what it meant for their future.
The state s startup ecosystem had been growing by leaps and bounds in the past decade, and the pandemic appeared to create a huge obstacle to its momentum.
This story is a subscriber exclusive
Offices closed, in-person meetings with investors were canceled, and revenue estimates were being slashed.
And yet, looking in the rear-view mirror at the start of 2021, tech startups continued to thrive during the pandemic.
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