Since the beginning of 2010, VC investors have backed 147 companies headquartered in Virginia, according to the PitchBook Platform. During that timeframe, early stage financings have accounted for 45% of the deal flow in the state, while late stage financings have accounted for 38%. Over the same time period, seed funding has increased its share of the deal count each year in Virginia, more than tripling from 6% of the deals completed in 2010 to 21% in 2012. So far this year, seed funding has accounted for 38% of the VC deals completed in the state.
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