Nationwide capital markets law firm Cara Stone has released the annual Louisiana Venture and Angel Capital Report, which compiles data on the number of startups that receive angel and venture capital funding each year.
The data-driven analysis of the venture and angel capital market shows that Louisiana companies raised over $191 million in 24 deals last year. That makes 2018 the year with the highest level of capital raised, and an increase of more than $65 million from the previous year.
Mark Graffagnini, managing partner at Cara Stone, said 2018 was a huge year for venture capital in Louisiana. “Between seeing Louisiana’s first tech company go public and having a record level of venture capital investment in the state, Louisiana companies continue to shine in their hard work, creativity, and level of entrepreneurship.”
Graffagnini began pulling data from the state’s Angel Investor Tax Credit Program in 2011 and sharing his findings from there. Over the last three years, the number of businesses applying for the tax credits have declined, even though the total funding has increased.
View the full report at carastone.com/louisiana-data.