Arizona start-ups continue to see large amounts of funding all throughout 2018 in Phoenix
Venture capital activity across Arizona has continued to see large amounts of activity throughout 2018, with a total amount of year-to-date funding being $2.4 billion within 74 different companies.
December 18, 2018
- Venture capital activity across Arizona has continued to see large amounts of activity throughout 2018, with a total amount of year-to-date funding being $2.4 billion within 74 different companies.
- Technology based funding has received the largest share of funding, taking 66% of all activity within market. As a technology start-up, the Phoenix and Tucson Metro areas are phenomenal areas to reside in due to low costs of living, low costs of doing business, favorable weather conditions, and easy accessibility to west-coast resources. Phoenix’s simple, grid-like roadways and outlying areas also offer favorable testing conditions for tech such as autonomous driving and military innovations.
- Overall, the largest investment went to Berlin Packaging for a total of $500 million, with the smallest deal going to Atlis Motor Vehicles for $40,000. The average funding amount was just under $33 million, and the median funding amount was $2.7 million. .
Source: JLL Research
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