Currently, Raleigh is home to more than 500 startup companies, totaling 2,500 jobs in a wide range of industry sectors including Software, Life Sciences, Consumer Products, Design-Media, and the Internet of Things. In the last 3 years alone, startups in Raleigh have raised over $300 million in Angel and Venture Capital investment. In addition, over the last 5 years, startup companies in Greater Raleigh have generated economic activity of over $1.1 billion from IPOs and over $9.2 billion in acquisitions.
Raleigh has the benefit of being part of the larger Research Triangle innovation landscape with 16 different cities and towns bringing forth new ideas and concepts and attracting talent from all over the world. North Carolina as a whole saw 191 equity deals in 2015, with 70% of those deals being in the Research Triangle. Thanks to the likes of those equity deals and a growing pool of top talent, the Research Triangle has approximately 100 middle-stage high growth companies, and 49% of those companies call Raleigh home.
A huge resource for budding startups is the more than 140,000 square feet of collaborative workspace currently in existence (or under construction) within innovation hubs like HQ Raleigh, ThinkHouse, The Nest, Tech Incubator on Centennial Campus, Designbox, Audacity Factory, Loading Dock, New South Manufactory and Industrious.
National coverage of Raleigh’s innovation scene:
What It Takes to Build a Startup City by Entrepreneur Magazine
5 startups that are reimagining the world by CNNMoney
Is North Carolina the Silicon Valley of the South? by Fox Business News
Thanks to our Edge investors, who fund our economic development program