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Atlanta’s enterprise ecosystem stands sturdy – TechCrunch


Aug 12, 2022
Atlanta’s enterprise ecosystem stands sturdy – TechCrunch

Atlanta’s enterprise ecosystem is wanting fairly peachy.

In H1 2022, Atlanta firms raised $1.6 billion in funding, in keeping with a latest PitchBook report. If the second half of the 12 months is similar, it locations the town on monitor to just about hit the $3.7 billion in capital it raised final 12 months. One other promising signal is that seed-stage deal quantity seems to have remained constant 12 months over 12 months, which indicators wholesome financial situations for startups. There have been 56 seed-stage offers in H1 2022, surpassing the 50 closed in H1 2021.

TechCrunch carried out a metropolis vibe verify with these within the Atlanta space to see how the ecosystem is faring. The decision? The Silicon Peach is doing simply tremendous. Lisa Calhoun, a normal associate at Valor Ventures, mentioned the town was essentially the most promising of any metro space in america. Her fund invests broadly all through the South and continues to be actively negotiating time period sheets within the metropolis.

“The enterprise capital alternative within the South is healthier than it’s ever been,” Calhoun advised TechCrunch. “Quite a lot of new founders are beginning firms at astonishing charges; by way of deal move, we’ve by no means had a lot.”

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