Tennessee moves up in rankings of states for crowdfunding
The Volunteer State places fourth nationally among all states in the Southeastern Conference.
It’s been a while since we posted anything about crowdfunding, but there appears to be considerable activity in that realm in the Volunteer State. In fact, Tennessee moved up four spots to place #16 nationally in a ranking of the best states for investment crowdfunding.
That’s according to the latest Investment Crowdfunding Year in Review report by Crowdfund Capital Advisors. It ranks states based on offerings by capital raised, number of investors, cities represented, number of industries, average valuations, and success rate. About 1,580 issuers in 690 cities across the U.S. raised more than $507 million from over 314,000 investors in 2022, according to the report.
The score is based on a weighted average of how states rank in these categories – investment, number of offerings, success rate, investors, valuation, and both cities and industries represented.
Our neighbor to the east made the largest jump from 2021, moving up 17 places to #11 nationally. The only other Southeastern Conference states that placed above Tennessee were Florida (#3), Texas (#5), and Georgia (#8).
