Missouri is tops in the Midwest for startup investment
MISSOURI — According to a new report from business data platform provider Pitchbook, Missouri is home to three of the top four venture capital investors in the Midwest. Those investors, which include Missouri Technology Corporation (MTC) of the Missouri Department of Economic Development, BioGenerator in St. Louis, and Cultivation Capital in St. Louis, make up the top venture capital investors providing financing to Midwest-based companies since 2010.
“This report is further evidence that our bipartisan efforts have put Missouri at the forefront of innovation and entrepreneurship,” Missouri Gov. Jay Nixon said. “Investing in entrepreneurs today gives us a stake in their success tomorrow as they build their businesses and create high-paying jobs for families in our state.”
Since 2010, 210 venture investors have deployed a total of $4.1 billion into companies based in the U.S. Midwest. The three Missouri organizations ranking among the most active have together provided capital to 102 companies in the region. More than $24 million has been made available to 70 startup companies through the MTC, ranking it as the top venture investor. The early stage investments have helped these companies leverage an additional $200 million in private capital to grow their businesses and create jobs.
Source: Gov. Jay Nixon Press Release