US Southeast rockets as other regions see VC funding dwindle – Marketingwithanoy

It seems everything is doom and gloom in the US venture market, between the number of layoffs at start-ups and the number of venture deals dwindling to an essentially dying exit environment. But there are bright spots, including the Southeast region, which is on track for its best year yet.

The Southeast region had its best financing quarter ever in the second quarter. According to PitchBook, more than $5.1 billion was invested in 289 deals during the period. In the first half of this year, $9.1 billion was raised, putting the region on track to surpass last year’s record $15 billion.

This compares with declines in many of the more active regions in the first half of 2022, including New England, down 28% from H1 2021; the west coast, down 10%; and the Mid-Atlantic, down 7%.

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