Louisiana Companies Raise Over $191 Million in Venture Capital in 2018, the

Highest Level Recorded by Cara Stone’s Louisiana Venture and Angel Capital
Report

New Orleans, LA, July 25, 2019 --(PR.com)-- Cara Stone, LLP (“Cara Stone”), the nation's fastest
growing capital markets law firm, released the Louisiana Venture and Angel Capital Report (“Report”)
which shows that Louisiana companies raised a record level of venture capital in 2018.

Louisiana companies raised a total of $191,290,356 in 24 deals in 2018. The total capital raised increased
by over $65 million from 2017, making 2018 the year with the highest level of capital raised by Louisiana
companies since Cara Stone started the report in 2011.

“2018 was a huge year for venture capital in Louisiana,” said Mark Graffagnini, Managing Partner at
Cara Stone. “Between seeing Louisiana's first tech company go public and having a record level of
venture capital investment in the state, Louisiana companies continue to shine in their hard work,
creativity, and level of entrepreneurship.”

The report, released July 22, 2019, also examines the state's Angel Investor Tax Credit Program
(“AITC”), which businesses can obtain if designated as a Louisiana Entrepreneurial Business by
Louisiana Economic Development.

The number of angel investment deals under the AITC Program declined for the last three consecutive
years. In each of the last three years, the total number of companies applying to receive tax credits for
deals under the program was less than in 2011, the partial year in which the AITC Program was renewed.
This trend emerged after 2015, the year in which the program was set to sunset.

Cara Stone has been active in the venture and angel capital space sense 2018 and continues to be a leader
in the entrepreneurial ecosystem. This year, the report is available as an interactive map, allowing this
community to explore the impact of venture capital in Louisiana across cities and industries. Sign up to
get the Louisiana Venture and Angel Capital Report at carastone.com/louisiana-data.

About Cara Stone: Cara Stone, LLP (“Cara Stone”) is widely considered to be a top law firm in the realm
of angel and venture capital and private equity. The firm has established itself as one of the leading
capital markets law firms in the U.S. In 2018, Cara Stone lead approximately $1 billion worth of private
equity transactions including one of the largest going public deals for a non-Silicon Valley tech company
in 2018. Cara Stone has offices in New Orleans, Chicago, Lafayette, and Los Angeles. The firm is
seeking to expand to emerging capital markets to help those ecosystems develop stronger entrepreneurial
systems and to continue to help the best companies in the small and mid-sized markets find capital, grow,
and exit. Visit carastone.com to learn more.

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Contact Information:
Cara Stone, LLP
Claire Tilmont
504-265-9955
Contact via Email
carastone.com

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You can read the online version of this press release at: https://www.pr.com/press-release/790480

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