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How early-stage investing changed, in the Triangle, after the onset of the COVID-19 pandemic
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Startup Summit event is still on; cofounders are monitoring COVID resurgence
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Startup Summit returns with in-person event: How will startups survive and thrive post pandemic
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RESEARCH TRIANGLE PARK – A new report from Crunchbase finds that North Carolina is the state with the second-highest increase, on a percentage basis, in venture capital invested in startup companies, behind Michigan, between 2016 and 2020.
According to the data from Crunchbase, North Carolina firms brought in $4.1 billion in 2020, compared to $800 million in 2016, which is nearly a 410 percent increase.
Of course, Epic Games raised $1.5 billion in 2020 in one mega-round, and AvidXchange raised a combined $572 million.
Let’s not forget the rapid rise of nCino in Wilmington (now public) and other unicorns such as Raleigh-based Pendo.
Without large funding rounds, North Carolina’s totals, and its rank among the states, look a little bit different.