Raleigh is a Top U.S. City Attracting the Most Bay Area Investment

According to PitchBook, the industry's most comprehensive M&A, private equity and venture capital database, Raleigh is one of the top cities in the country attracting the most Bay Area investment.

The report notes that although Bay Area-based VCs have long invested heavily in startups in their local geography, lately investors have increasingly ventured beyond, backing numerous companies in various other cities and states. The number of non-local VC deals by Bay Area investors grew 103% from 2010 to 2015; last year, for the first time in a decade, a majority of financings by these firms were made outside of Greater San Francisco.

Read the full report by PtichBook and see how Raleigh ranked here.