Though 2019 was a record-breaking year for raising venture capital in Atlanta, the Southeast hub finished Q4 with a fizzle more than a bang after local startup funding declined by 71% as compared to the same time period last year.
According to a report by PitchBook and the National Venture Capital Association that covers the fourth quarter of 2019, startups in the Atlanta-Sandy Springs-Marietta metropolitan statistical area raised a measly $146.37 million across 31 deal in Q4 compared to $504.52 million from 40 deals in Q4’18.
Though the last quarter was unusually quiet for Atlanta VC activity, the city still saw the largest amount of venture capital ever raised in 2019. For the entire year, speculators invested around $1.8 billion into Atlanta companies across 157 deals, compared to $967 million from 141 deals.
https://www.americaninno.com/atlanta...eid=5f682a3874
Great year for tech in the ATL.