Cara Stone, LLP (“Cara Stone”), the nation’s fastest-growing capital markets law firm, released the Louisiana Venture and Angel Capital Report (“Report”) which shows that Louisiana companies raised a record level of venture capital in 2018.

Louisiana companies raised a total of $191,290,356 in 24 deals in 2018. The total capital raised increased by over $65 million from 2017, making 2018 the year with the highest level of capital raised by Louisiana companies since Cara Stone started the report in 2011.

“2018 was a huge year for venture capital in Louisiana,” said Mark Graffagnini, Managing Partner at Cara Stone. “Between seeing Louisiana’s first tech company go public and having a record level of venture capital investment in the state, Louisiana companies continue to shine in their hard work, creativity, and level of entrepreneurship.”

The report, released July 22, 2019, also examines the state’s Angel Investor Tax Credit Program (“AITC”), which businesses can obtain if designated as a Louisiana Entrepreneurial Business by Louisiana Economic Development.

The number of angel investment deals under the AITC Program declined for the last three consecutive years. In each of the last three years, the total number of companies applying to receive tax credits for deals under the program was less than in 2011, the partial year in which the AITC Program was renewed. This trend emerged after 2015, the year in which the program was set to sunset.

Cara Stone has been active in the venture and angel capital space sense 2018 and continues to be a leader in the entrepreneurial ecosystem. This year, the report is available as an interactive map, allowing this community to explore the impact of venture capital in Louisiana across cities and industries. Sign up to get the Louisiana Venture and Angel Capital Report at carastone.com/louisiana-data.

Leave a Reply

Your email address will not be published. Required fields are marked *