good times We are starting to enter the New Orleans startup ecosystem.
TechCrunch interviewed local founders and investors for a vibe check. How is the city emerging as a tech hub? A flood of both founders and capital are entering the market. That, combined with the tax and business incentives to keep them there, makes NOLA an attractive place to start a business.
In 2021, the city minted its first unicorn when software company Lucid was sold to Swedish tech firm Cint Group for $1.1 billion. In the same year Shutterstock acquired animation studio TurboSquid for his $75 million, and Procore Technologies acquired his NOLA-based software building company Levelset for his $500 million.
Of course, there are some hurdles NOLA will have to overcome to become a true tech hub, the founders and VCs told TechCrunch: Money is pouring in, but the city needs more capital to sustain itself. In need of.
