Emerging companies at American Underground raise record $109M despite pandemic
by Chantal Allam — January 18, 2021 . DURHAM – American Underground begins 2021 as strong as ever, according to figures released in its latest annual report. Despite a year of upheaval triggered by a global pandemic and racial protests, the Durham-based startup and entrepreneurial hub raked in their largest fundraising year-end haul to date – with companies headquartered there raising $108.7 million last year alone. That’s up from $29.5 million from 2019 – a 37.25 percent hike. “We were impressed, too,” said Adam Klein, who moved into the role as AU’s chief strategist in ...
Source: wraltechwire.com