Startups that have graduated from St. Louis’ seven business accelerators have gone on to raise approximately $370 million in follow-on capital, according to research by the St. Louis Business Journal.
Nationwide, startups that have graduated from a business accelerator have gone on to raise more than $20 billion, a figure that has more than quadrupled over the past five years, according to research from Seed DB, a database that tracks seed accelerator programs across the world.
In all, St. Louis’ seven accelerators — Arch Grants, Capital Innovators, Prosper Women Entrepreneurs, SixThirty, SixThirty Cyber, Stadia and The Yield Lab — have retained or recruited more than 200 startups to town over the last half-decade.
According to CB Insights, which tracks venture capital, Capital Innovators was the third best accelerator in the country for follow-on capital. Startup founders that have gone through the program raise $3.5 million on average, the data showed.
Read more: St. Louis Business Journal