Venture capital investment in North Carolina-based startups over the past 3 years has been marked by uneven results in terms of total amounts funded by quarter:
However, the data detail indicates a bifurcated picture. During the quarters receiving relatively larger amounts of funding, the growth was due to a few oversized financing rounds, usually in excess of $40 million.
Quarters which showed lower dollar amounts funded typically did not contain these few large funding rounds.
Additionally, most funding rounds were either of large size or much smaller sub-$3 million amount financings. There were relatively few rounds in the $5 million to $20 million range.
This suggests there is a funding gap for middle stage companies located in North Carolina. While a few make it past the apparent funding chasm, many are at risk of running low on investor interest before they're able to grow into larger, mature companies.