RESEARCH TRIANGLE PARK – A new report from Crunchbase finds that North Carolina is the state with the second-highest increase, on a percentage basis, in venture capital invested in startup companies, behind Michigan, between 2016 and 2020.
According to the data from Crunchbase, North Carolina firms brought in $4.1 billion in 2020, compared to $800 million in 2016, which is nearly a 410 percent increase.
Of course, Epic Games raised $1.5 billion in 2020 in one mega-round, and AvidXchange raised a combined $572 million.
Let’s not forget the rapid rise of nCino in Wilmington (now public) and other unicorns such as Raleigh-based Pendo.
Without large funding rounds, North Carolina’s totals, and its rank among the states, look a little bit different.
A New Local Crowdfunding Service Aims to Connect Customers to Their Favorite Businesses in More Enduring Ways
Photo by Lena Geller
A little over a year ago, Bill Putsis was sitting at Durhamâs Bar Virgile, saving a seat for a friend. When a man walked over and took the seat, Putsis politely informed him that it wasnât available. But the man didnât get up.
âI was like, âExcuse me, is this the third grade?ââ Putsis says.Â
Then he took a closer look at the chair.Â
âIâll be damned, the seat had his name on it,â Putsis says. âHe was such a loyal customer they put his name on the seat.âÂ
Beginning when he was 5 years old, Truman Mitchell would travel from his hometown of Toronto, Canada, to Chapel Hill a few times a year to watch basketball games with his father, who earned an MBA from UNC Kenan-Flagler Business School in 1985 and served on the school’s board of visitors.
So, when it came time to think about where to attend college, the decision was relatively simple.
“I grew up a huge fan of the culture and the spirit of the school. There was always a connection,” he said. “But I took a self-tour on campus and just walked through it when I was 17, and something just clicked. I just got a really good gut feeling.”
by Abbey Slattery May 3, 2021 .
This article was written for our sponsor, the Town of Chapel Hill.
More than 2 million people in the United States live with limb loss, which often severely affects their ability to perform daily functions in the way they used to. From household chores to regular hobbies, limb loss has the potential to disrupt every level of the lives of those affected.
As technology progresses, some companies are using these advances to create prosthetics that return as much function to their users as possible. At Chapel Hill-based Adapt Bionics, co-founders and University of North Carolina alumni Greg Bantista and Chas Feuss are specifically using 3D printing to help athletes with limb loss get back in the game.