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The American South will not be the primary area that involves thoughts while you hear the phrase “hotbed of tech entrepreneurship,” however, barely misguided perceptions apart, it’s residence to a various and rising assortment of startups.

Right here, we’re going to take a deep dive into the startup funding knowledge for the area.

What’s “the South?”

Similar to it’s a typical pastime for a lot of metropolis dwellers to argue concerning the exact boundaries of neighborhoods, there’s typically some disagreement concerning the precise contours of the U.S.’s varied areas. To quash rabble-rousing from the get-go, we’re utilizing the U.S. Census Bureau’s definition of “the South” on its official map of the US. Under, we show a map of the states we’re going to take a look at at this time.

Very similar to barbecue, the South is just not a monolithic idea. So to include some regional taste into the next evaluation, we’re additionally going to make use of the identical regional divisions that the U.S. Census Bureau makes use of.

By doing this, we’ll be capable of get a greater thought of the relative contribution states from every sub-region make to startup exercise within the South general.

The ebb and movement of deal and greenback quantity

As is the case with many of the nation, the South seems to be experiencing a shift in startup funding as we transfer towards the latter half of a bull run in entrepreneurial exercise. The chart under reveals a divergence in general deal and greenback quantity over time.

Very similar to in the remainder of the U.S., reported deal and greenback quantity are heading in numerous instructions. A part of this can be attributable to reporting delays — it will probably typically take just a few years for seed and early-stage rounds to get added to databases like Crunchbase’s . Nonetheless, there’s a sluggish and usually upward creep in spherical sizes at most levels of funding. And that’s not only a Southern factor

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