BIP Ventures has released the 2023 The State of StartupsSM in the Southeast. The report covers entrepreneurial and investment activities from Q1 2018 through June 30, 2023, and looks into a maturing innovation environment. It also recognizes the impacts of the tumultuous backdrop of the past five-and-a-half years, contextualizing the insights within significant macroeconomic impacts.
What the 2023 report reveals is that across the Southeast, fewer deals are happening, but the dollar value has increased materially. Generally, investment behaviors are returning to pre-pandemic patterns, with an important distinction. The dollars deployed in most states continue to exceed pre-pandemic levels.
The first half of The State of Startups in the Southeast report examines innovation and investment trends for the region, all within the context of historical and economic impacts. The second half enables digs into state-by-state data. Key points include:
"After navigating massive venture capital run-ups over the past couple of years, we've begun to see a return to earth for investment and startup activity. A lot has changed since we began producing this report, including how we define Seed deals and which sectors capture the greatest deal count and size. But what hasn't changed is that the Southeast region has a lot to offer to founders." (Mark Flickinger, General Partner and COO)
For 2023, the report is a fully interactive experience that allows readers to click into graphs to gather the numbers behind the trends and take a deep dive into startup ecosystems for each state.
