South Carolina is Attracting Capital

South Carolina traditionally has struggled to garner as much venture capital as densely urban, high-tech areas, such as Austin, Boston, New York City or Silicon Valley.

But one Silicon Valley investor has taken notice of Greenville, and a few Palmetto State startups have attracted capital recently.

–GSA Business, Venture capitalists take a peek at S.C.

South Carolina is attracting capital, and we’re incredibly excited to be on the front lines.

Morganthaler Ventures invested $14 million in Charleston-based PeopleMatterearlier this year, and Kleiner Perkins has invested in two Greenville, SC companies, including Proterra.

GSA Business, a local publication, also says that in order to attract more capital, _“Companies and regions can up their chances of securing out-of-state venture capital. Regions need to focus on creating technology hubs, such as Charleston’s Digital Corridor or Greenville’s manufacturing hub of international companies.”

“The regions also need to cultivate a skilled workforce, business community support and quality of life,” venture capital executives said._

The Iron Yard is doing just that, and we’ve got exciting news around the corner. Stay tuned.

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About theironyard

The Iron Yard exists to create exceptional growth and mentorship for people, their companies and their ideas through code education and startup accelerators.