Tennessee is in the top 20 in terms of funding and total deals for early stage companies based on Q2 and Q3 data reported yesterday by Crunchbase News.
In the case of the Volunteer State, the numbers show there were 11 deals, a very modest increase of just 8 percent compared to this time last year, but the total funding was $254 million, a whopping 418 percent increase compared to 2020. U.S. early stage funding has more than doubled year over year in the past two quarters although, as Crunchbase News notes, “Not all tech hubs are sharing equally in the gains. At least 11 states have seen early stage funding more than triple.”
Click here to see the report.