Startups

22 Philadelphia tech companies grab $142M venture dollars in Q1, region ranks 10th nationally

“Twenty-two companies in the Philadelphia region received venture funding of $142 million in the first quarter of the year, according to a MoneyTree Report. The region ranked 10th nationally, and got a 2.46 percent share of the total venture funding nationwide. Software and biotech companies were the venture favorites, accounting for a combined 89 percent […]

By:
Yael Borofsky headshot
Yael Borofsky,  @yaelborofsky
May 28, 2012 9:15am

“Twenty-two companies in the Philadelphia region received venture funding of $142 million in the first quarter of the year, according to a MoneyTree Report. The region ranked 10th nationally, and got a 2.46 percent share of the total venture funding nationwide.

Software and biotech companies were the venture favorites, accounting for a combined 89 percent of the total funding in the region. In software, 11 firms received $78 million in venture funding; and four biotech firms got $48 million.” [Citybizlist]

It’s been a solid first quarter for technology companies in the Philadelphia region according to a new MoneyTree Report produced by Pricewaterhouse Coopers and the National Venture Capital Association, as Citybizlist reports.

Tags: Investing
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Donate to the Journalism Fund

Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.
Trending

Let’s Rallie brings Philadelphians together IRL — with a little help from their phones

Philly coding bootcamp guide: Redefine your career path

This Week in Jobs: Pursue meaningful work with these 25 tech career opportunities

Trivia quiz: How well do you know Philly tech news?
Technically Media