St. Louis tops ranking of growth in tech funding

St. Louis took the top spot on a list of 53 cities from across the globe ranked by growth of funding for technology startups over the last year. The list was compiled by CB Insights, a group that tracks venture capital and angel investment data.

St. Louis companies raised a combined $380 million in the 12 months ending in October, an increase of more than 1,200 percent over the previous year.

Munich and Seoul trailed St. Louis in the ranking, which included cities with at least 20 deals in both of the 12-month spans CB Insights used for its list.

Of the approximately $380 million raised, about $200 million was part of Answers Corp.’s acquisition of analytics firm ForeSee.

Read more from the St. Louis Business Journal

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