Snapshots

Charleston attracts funding to diverse industries

Biotech, IT, and Health Care lead funding into region

August 17, 2020
Venture Capital funding by region
 
Venture Capital funding 2016-2020

 

  • Much like the banking hub three hours to the north, Charleston is a growing destination for venture capital targeted toward the Fintech industry.

  • The Fintech industry has attracted more than $39M of venture capital over the past five years.

  • Accounting technology firm Ceterus pulled in more than $29M of the share going to Fintech.

  • Biotechnology has also been a growing sector in the Charleston region; $35M has been invested into the biotech sector among firms such as FirstString Research, Catalytic Data Science, and Rediscovery Life.

  • Charleston has been a growing sector for venture capital that has been driven by its educated workforce and growing share of technology workers. Tech and science related jobs have grown by 13% in the past five years in the region.