Good news for North Carolina entrepreneurs and investors doing business in North Carolina's Research Triangle region -- according to the CED Annual Research Triangle Venture Capital Investment Survey, companies received $118, 513,163 in venture capital funding in 1996, a 65% increase from the $71,600,000 raised last year. The number of companies reporting investments increased as well, from 21 to 46 -- a rise of 119%.
Begun in 1986, the survey is an indicator of availability of capital and entrepreneurial activity. It focuses on equity venture investments and excludes LBO, MBO or acquisition transactions.
Research Triangle Venture Investing Facts :
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Thirty-one percent of the 1996 dollars unvested and 50% of the number of deals done were done by early-stage companies. In 1995, 76% of the dollars and 86% of the deals were early stage.
The average financing was $2,576,373,and the
median deal was $1,080,000.
Sixty-five percent of the investment funding
came from outside of North Carolina -- a total of
$76,977,425, while NC-based funds provided the
remaining $41,560,738.