Venture investment in the U.S. Southeast region has been on quite a ride over the past several years, with capital invested and the number of deals completed both rising each year since the beginning of 2009. According the PitchBook Platform, deal flow increased by 70% from 2009 to 2013, while capital invested doubled from $1 billion to more than $2 billion in that timeframe. 2014 got off to a slow start with only $317 million invested in 1Q, but that figure has increased each quarter; and with the recent announcement of Florida-based Magic Leap's massive $542 million Series B financing, 4Q is no exception.
Some other notable VC financings in the Southeast region in recent years include AirWatch ($225M), Suniva ($106M) and Ascletis ($100M). The region's IT sector has accounted for the largest portion of the deal flow since 2009 (38%), followed by healthcare (29%) and B2C (13%).
For more of the underlying data on the rising trend of VC investment in the Southeast, or to get a detailed breakdown of other U.S. or global regions, contact us here.