If there’s one area of the Atlanta startup ecosystem lagging behind the growth of the rest, it’s local capital. Talent, startup activity, public support for entrepreneurship, and corporate innovation are all consistently strong, but the region lacks the investment resources of many of its fellow top-ranked Global Cities.
But investment activity in the city may be picking up. One sign is just-released figures by the Advanced Technology Development Center (ATDC), the state of Georgia’s technology incubator and the oldest startup incubator in the country, which shows that its portfolio companies raised more than double the amount of capital in the first half of 2017 than in the comparable period a year ago.
From January to June 2017, ATDC startups raised more than $50 million in seed and series A funding. That’s an over 145 percent increase from the $20.6 million raised during the same amount of time in 2016.
“Both local and out-of-state early stage investors (seed and series A) are gaining more confidence and taking higher risks on Georgia-based companies. More money is…
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