What do the latest venture capital statistics tell us about the status of the state’s startup and entrepreneurial ecosystem? Was 2017 good or bad? What about 2018? WRAL TechWire finds a variety of differing views from some of the state’s top entrepreneurs and investors. Also, a consensus on some issues. Amy Huffman reports.
Read MoreComparing all three of the most recent venture capital reports offers a more accurate and robust picture of the 2017 venture ecosystem than any one alone.
Read MoreCHARLOTTE — AvidXchange, which sells accounts payable and payment automation software, started working in January on the huge $225 million financing deal it just closed with an impressive syndicate of other investors, says CEO and co-founder Michael Praeger. “We hadn’t raised capital in a long time, but we really liked the approach of the Bain Group,” he says. “We have a terrific syndicate of investors, a mix of different types.” That brings a wide range of expertise to the company, he notes. Other investors in the financing include Durham-based Square One Bank, TPG Special Situations Partners, Foundry Group, Nyca...
Read More
