New report from Build In SE paints a mixed picture of venture capital
Four states doubled their available capital in 2024 while metros such as Birmingham, Nashville, and Tampa showed significant drops.
A new report from Build In SE paints a mixed picture of venture capital in the region.
The analysis shows that the Southeast venture capital landscape has exhibited some slight variance in 2024. Total venture funding contracted by 29.75 percent, dropping from $11.73 billion to $8.24 billion, while deal count declined by a more modest 10.90 percent. Despite the decline, several states demonstrated exceptional growth.
Four states led the region with extraordinary funding growth:
- North Carolina: Up 202 percent.
- South Carolina: Up 154 percent.
- Kentucky: Up 102 percent.
- Florida: Up 100 percent.
“Notably, all southeastern states recorded positive funding growth from 2023 to 2024, demonstrating the region’s robust fundamentality,” the authors write.
Metropolitan performance varied significantly from 2023 to 2024.
- Particularly strong growth was recorded in three cities with Charlotte up 60 percent, Miami up 23 percent, and Northern Virginia up 22 percent.
- By comparison, three cities showed significant declines. Birmingham was down 81 percent, Nashville dropped by 62 percent, and Tampa showed a decline of 52 percent.
The full report can be found here.
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