• $1.3 Billion Invested in St. Louis Startups Over Four Years

    Jun 26, 2017

    Recent investments in St. Louis metro area startups have reached their highest levels in over a decade. Much of this investment supported information technology, financial service, and bioscience firms.

    Between 2013 and 2016, companies in the St. Louis metro area raised over $1.3 billion in venture capital, representing a nearly 76 percent increase from the four years prior.  Startup companies raised these funds over almost 400 separate investments, with 2015 setting a record of 133 investments in 117 individual companies.  The total value of those investments remained high at $373 million in 2016, although the number of investments decreased to 78.  

    There has been a recent national trend towards fewer, more high value, investments over time.  According to a 2016 article published by PricewaterhouseCoopers, Total venture dollars deployed to startup companies for the quarter increased 20 percent and total deal count was down 5 percent, compared with the first quarter…”. (1)  This national trend generally aligns with the St. Louis experience. 

    The St. Louis Regional Chamber has recently founded Spirit of St. Louis Ventures to help ensure that there is a full range of area funding.  Spirit of St. Louis Ventures is an impact-investment enterprise that invests in venture funds, loan funds, and enterprises that align with our organization’s strategic plan.  The fund’s investment portfolio includes:  

    The Chamber also supports InvestMidwest, an annual venture capital conference that has raised over $1 billion for Midwestern companies over the last 17 years. (2)

    St. Louis is home to 20 active funds that invest in startups both inside and outside of the region.  Combined with investments from national venture capital funds, local startups have many opportunities to secure capital from a variety of investors. Area venture capital, angel investors, public funds, and entrepreneurial competitions make the St. Louis metro area an ideal location for a startup company to launch and to expand.

    Sources:(1) “$15.3 Billion in Venture Capital Deployed to Startup Ecosystem in Second Quarter” PricewaterhouseCoopers, July 15, 2016.
    (2) “InvestMidwest” InvestMidwest, 2017.

  • Strengthening St. Louis' Connections to India

    Mar 01, 2017
    A team of St. Louis leaders under the leadership of local businessman and philanthropist, Dr. Deepak Kant Vyas, Chairman of Redberri Corporation, spent a whirlwind week in Hyderabad, India. While in Hyderabad, the St. Louis delegation and the Telangana government in Hyderabad, India solidified a partnership strengthening global entrepreneurship.

    Information Technology Minister K.T. Rama Rao (KTR) and the St. Louis team inked a Memorandum of Understanding to create an entrepreneurial partnership between the two locations. St. Louis’ T-REX incubator will work with Hyderabad’s T-Hub incubator under the T-Bridge program. The program will help American and Indian entrepreneurs connect, especially those in the ag-tech, bioscience, and fin-tech industries. The St. Louis team will also seek other opportunities in Telangana to further invest in its existing education and business sectors.

    The St. Louis delegation is composed of Dr. Deepak Kant Vyas, Chairman of Redberri Corporation; Jim Alexander, Senior Vice President, Economic Development, St. Louis Regional Chamber; Karen Ellis, Director, Economic Development, St. Louis Regional Chamber; Patricia Hagen, President, T-REX; Donn Rubin, CEO, BioSTL; Vijay Chauhan, Project Lead, Global STL; Dennis Pruitt, Vice President of International Business Recruitment, Missouri Partnership; Joel Glassman, Director, Center for International Studies, University of Missouri – St. Louis; and Ana Karaman, Vice President and Chief Financial Officer, Webster University.

    See all the photos from the trip on the Chamber's Flickr page.

     Hyderabad 2 Hyderabad 1 
     St. Louis delegation. IT Minister KTR (icenter) with the St. Louis delegation.