Atlanta Inno reports that nine Atlanta venture capital firms are raising or have closed first funds this year. Plus, it notes that PitchBook and the Venture Monitor show eight Georgia venture capital firms set a new record by raising funds totaling $439 million in the first half of this year. The number of VC firms in Atlanta is increasing as well.
John Yates, head of MMM's Technology Practice, told Atlanta Inno that continued growth in venture capital is a key component of a health tech ecosystem. Having more local funds helps companies grow while increasing their connections to private equity from other markets. He also shares important context about why these new funds need to be deliberate about their investment decisions.