Sometime toward the end of the first quarter the deal dam broke. Lots of activity. Lots of term sheets. It seemed like these deals had something in common. There seemed to be a trend. So I did a little math. While I am by no means the MoneyTree I counted up 15 deals that had been funded in the past six months that I some knowledge of closing in Atlanta. All of them in the infotech space. Total of $24 million raised. Average deal size $1.6 million.  

It is interesting to break out the angel and venture deals.  Seven angel deals closed at an average round size off $508k. The smallest deal was $300, the largest $750. The VC deals averaged out to $2.6 million. 

The $2.5 venture round has made its way to the South.