Venture capital investment in Atlanta this year is expected to be the strongest since the height of the dot-com bubble.
This week’s Atlanta Business Chronicle reports Georgia companies drew $731.78 million in venture funding in the third quarter, compared with $160.54 million a year earlier, according to the Money-Tree Report published by PwC and CB Insights.
The number of VC deals done in Georgia in the third quarter fell to 19 from 22. Venture investing in the third quarter was powered by two deals — fintech Kabbage and access management technology firm Core Security — which, combined, raised $450 million in the quarter.
Nationally, venture capitalists invested $19 billion across 1,207 deals in the third quarter. VCs invested $14.4 billion across 1,286 deals a year earlier.
Urvaksh Karkaria covers technology for Atlanta Business Chronicle.
