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Durham’s American Underground, HQ Raleigh report record years

Great news for two support organizations for start-ups in the Research Triangle Park area of North Carolina.

American Underground (AU), the Durham-based start-up and entrepreneurial hub,  is more than holding its own after a year of internal changes and mounting competition from rival co-working spaces, according to figures released in its latest annual report. AU reported the largest fundraising year-end haul to date – with companies headquartered there raising around $79.2 million last year alone. Click here for more information.

And, HQ Raleigh doesn’t appear to be slowing down anytime soon. Despite mounting competition from rival co-working spaces like WeWork, the firm has reported a 45 percent hike in its membership — jumping from 663 members from 248 companies in 2018 to 932 members from 360 companies in 2019, according to its latest released figures. Click here to learn more.

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