North Carolina’s entrepreneurial companies raised more than $622 million in funding 2014, up 35 percent from a year earlier, according to a report issued this week by the Council for Entrepreneurial Development.
That funding was raised through 331 investment deals, a 27 percent increase.
“Looking ahead, we expect this momentum to continue because North Carolina has a strong pipeline of companies that have moved well past the startup stage to what we call ‘scaleups,’” Joan Siefert Rose, CED’s president, said in a prepared statement. CED is a Triangle-based support group for entrepreneurs.
CED’s funding data includes venture capital, investments from other sources such as angel investors and corporations, and government and nonprofit grants and awards.
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Altogether, 132 institutional investors plowed money into North Carolina companies last year, versus 108 in 2013.
Technology companies fared especially well by attracting nearly $278 million, more than double the $117 million they raised in 2013. But life science companies had a down year, raising $252 million compared to $275 million in 2013.
The CED data doesn’t include the six initial public offerings of stock by North Carolina companies last year. Those IPOs – all by companies headquartered in the Triangle – raised an additional $728 million.