RESEARCH TRIANGLE PARK – Where might investments be made in the short-term?  So far, in 2022, “the high points of 2022 have been seen in the healthcare, clean tech, energy, and transportation industries,” the latest venture capital report from Pitchbook notes.

And the recent passage of federal legislation, the Inflation Reduction Act and the CHIPS and Science Act, are also expected to create “huge investments in technology and infrastructure development.” This legislation may well “create an environment for private fund managers to partner with the public sector and academic and develop more-robust entrepreneurial economies outside of traditional hot spots,” the report summary reads.

Venture Capital deals slowing but it’s not time to ‘wring our hands,’ VCs say

In that way, the report’s executive summary concludes, the third quarter “can provide reasons for optimism.”

And there’s reasons to be optimistic about North Carolina’s entrepreneurial ecosystems, too.

Consider that companies in North Carolina have closed a total of 224 deals through September 30.  Should the pace continue, the state may end up seeing some 300 deals in 2022.

While that’s below last year’s record 352 deals, North Carolina companies are almost guaranteed to close more deals in 2022 than in any year other than last. There were 228 closed deals in 2020, according to the data set.

Further, those 224 deals have brought in $3.96 billion already, according to the PitchBook data set, nearly surpassing in three quarters the record $3.975 billion raised in 2021.