Atlanta’s Venture Ecosystem looks pretty peachy.
In H1 2022, Atlanta Companies Picked Up $1.6 billion in funding, according to a recent PitchBook report. If the second half of the year is the same, the city is on track to close the $3.7 billion in capital it raised last year. Another promising sign is that seed-stage deal volume appears to have remained consistent year over year, indicating healthy economic conditions for startups. There were 56 seed stage deals in H1 2022, more than the 50 closed in H1 2021.
londonbusinessblog.com conducted a city vibe check with people in the Atlanta area to see how the ecosystem is doing. The verdict? The Silicon Peach is doing just fine. Lisa Calhoun, a general partner at Valor Ventures, said the city is the most promising of any metro area in the United States. Her fund invests broadly in the South and still actively negotiates termsheets in the city.
“The venture capital opportunity in the South is better than ever,” Calhoun told londonbusinessblog.com. “Many new founders start businesses at amazing rates; in terms of deal flow, we have never had so much.”