Charlottesville earns 10th in the U.S. for Medical Device Capital Raised

Carta recently shared that the City of Charlottesville had the 10th highest amount of capital raised for medical device startups in the entire U.S., behind only a few major cities like Boston, the Bay Area, New York, and Chicago.

This top-ten ranking reflects the ever-increasing access local startups have to top-tier talent, innovative research institutions and accelerators like CvilleBioHub, robust life sciences infrastructure, and sought-after regulatory expertise from nearby Washington, D.C.

These capabilities are creating ideal investment opportunities for angel investors and venture capital firms, and given the highly dynamic medical device industry, Charlottesville is uniquely positioned to offer best-in-class resources for cost-conscious startups looking for early-stage funding.

What Charlottesville lacks in urban size, its life sciences community continues to make up for it with immense community support and capital available for Seed, Series A, and Series B rounds.