Louisiana companies raised over $130M across 33 deals in 2019
Cara Stone, LLP (“Cara Stone”) is pleased to present the Venture and Angel Capital Report (the “Report”), covering venture and angel capital activity in Louisiana from 2011 to 2019.
Companies in Louisiana raised over $130M across 33 deals in 2019. The total capital raised in 2019 declined by approximately $60 million from 2018. Louisiana companies raised more venture capital in 2018 than in any other year in our reporting period. Despite the decline in capital raised, the total capital raised in 2019 is significantly higher than the average capital raised in a given year over the reporting period ($96M).
Louisiana companies completed 33 rounds of venture capital financing in 2019, the second-highest deal volume in our reporting period. Prior to 2019, deal volume had been steadily falling. However, the increase in deal volume in 2019 fits into a pattern of spikes in deals every 3 years. These spikes are likely caused by a combination of new companies entering the market, and established companies seeking bridge rounds.
Between 2011 and 2019, Louisiana companies raised over $862M in venture capital and completed a total of 224 deals. Mid-sized eco-systems across the country may be tempted to compare themselves to large markets where more data is available. Louisiana should resist this urge. Instead, Louisiana should look to other similar-sized markets or slightly larger market to benchmark growth. Compared to other markets with similar population size, Louisiana remains a leader in entrepreneurship.
The Louisiana Venture Capital Report also explores average and median deal size, industry trends over time, corporate structures, geographic trends and more.
Cara Stone, LLP (“Cara Stone”) is pleased to present the Venture and Angel Capital Report (the “Report”), covering venture and angel capital activity in Louisiana from 2011 to 2019.
Companies in Louisiana raised over $130M across 33 deals in 2019. The total capital raised in 2019 declined by approximately $60 million from 2018. Louisiana companies raised more venture capital in 2018 than in any other year in our reporting period. Despite the decline in capital raised, the total capital raised in 2019 is significantly higher than the average capital raised in a given year over the reporting period ($96M).
Louisiana companies completed 33 rounds of venture capital financing in 2019, the second-highest deal volume in our reporting period. Prior to 2019, deal volume had been steadily falling. However, the increase in deal volume in 2019 fits into a pattern of spikes in deals every 3 years. These spikes are likely caused by a combination of new companies entering the market, and established companies seeking bridge rounds.
Between 2011 and 2019, Louisiana companies raised over $862M in venture capital and completed a total of 224 deals. Mid-sized eco-systems across the country may be tempted to compare themselves to large markets where more data is available. Louisiana should resist this urge. Instead, Louisiana should look to other similar-sized markets or slightly larger market to benchmark growth. Compared to other markets with similar population size, Louisiana remains a leader in entrepreneurship.
The Louisiana Venture Capital Report also explores average and median deal size, industry trends over time, corporate structures, geographic trends and more.
