Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Ahead of the quarterly meeting of the Launch Tennessee Board of Directors on Thursday, the organization has released two reports.

• One is its annual report for 2023 which is full of both quantitative and anecdotal ways that the public-private partnership and its partners have impacted start-ups and the ecosystem.
• The other is the Q3 “Tennessee Deal Report” which notes that funding volume declined but deal sizes increased in Q3. Thirty-six deals totaling $220 million closed, down 31 percent in deal count and 23 percent in dollars versus last year. However, average seed deal size jumped 68 percent quarter-over-quarter to $2.2 million, excluding outlier Croissant. Excluding outliers, seed deal size further increased 77 percent to $3.1 million. Early stage Series A and B deal sizes also grew 57 percent versus last quarter as companies raised more conservatively to extend runways.

---