Venture capital invested in Georgia companies is on track to be the lowest amount in four years. According to this week’s Atlanta Business Chronicle, venture dollars raised by Atlanta companies fell 20 percent in the third quarter from the same time last year.
According to the MoneyTree report, published by PricewaterhouseCoopers LLP and the National Venture Capital Association and based on data from Thomson Reuters, Georgia companies drew $63.13 million in venture funding in the third quarter, compared with $78.32 million a year earlier.
“There is a significant differential between a third quarter of a presidential election year versus a non-presidential election year because of uncertainty caused by what’s going to happen with the new administration,” said John Nee, partner in PwC’s Atlanta technology practice.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
