Biotechnology & Software lead Raleigh-Durham funding

Region takes in at least half trillion dollars annually

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


  • Fortnite maker Epic Games accounted for over 30% of all VC funding attracted to the Triangle since 2016, $1.25B.

  • Bolstered by Epic, the Software sector pulled in $1.29B of the $4.13B venture capital funding that entered the region between 2016-2020.

  • Over the past five years $933M was targeted toward the Biotechnology industry.

  • In conjunction with the Biotechnology industry, $380M in funding went toward the Health Care sector

  • The Data and Analytics sector saw $273M in funding over the last five years.

  • Pendo became the Triangle’s latest unicorn ($1B+ Valuation) with their $100M Series E round in 2019.