North Carolina Life Science Startups Raise Record Funds

Mar 4, 2015

The Council for Entrepreneurial Development raised record funding for technology and life science ventures.
Credit 401(K) 2013 / Flickr

The Council for Entrepreneurial Development says start-up businesses in the state are receiving record-breaking funding.

The CED annual Investors Report shows technology, life science, advanced manufacturing and clean-tech companies raised $622 million in 2014.  That’s about 35 percent more than in 2013.

Dhruv Patel is CED’s Director of Investor Relations.

“I think we have companies that are holding their own, companies that are making great progress and can compete with the best of the best," said Patel.

Patel says since 2013 there were 15 initial public offerings in the state, also a record.

Joan Siefert Rose heads the CED and is impressed with the numbers.

“Dollars for 2014 were up 35 percent and deals were up 27 percent.  So, it was the second year in a strong trend.  And we also believe because of these scale-ups, 2015 is going to be a strong year as well," said Rose.

The CED Life Sciences conference wraps up today at the Raleigh Convention Center.