A new report on startup investments says capital may be slowing over the last year-and-a-half in Alabama, even as the South is emerging as a hotbed of investment.
In the second quarter of this year alone, about $6 billion was deployed in the South, $1 billion more than the same period a year previously. The amount of capital invested annually in the South has also seen a six-fold increase since 2012. But according to the report, deal activity and capital deployed in Alabama has slowed over the past 18 months.
According to the report, in the past year, Software as a Service has also overtaken biotech and pharma investments, representing the second highest number of investments. Hottle said the number cited in the report for Alabama doesn’t appear to take into account some recent deals, such as a $125 million Series C funding reported by Landing in August.
panoramicvc 18 months, huh? Sounds like the downturn corresponds to something else that happened about 18 months ago. Hint—it isn’t just Alabama.