2019 Philadelphia Venture Report

The PACT 2019 Philadelphia Venture Report is now available, powered by PitchBook Data and breaking down all key trends in the Philly MSA from last year.

At $2.5 billion invested across 225 venture financings, Philly’s venture ecosystem closed out a record 2019 for both dollars invested and the number of deals closed. Philadelphia is firmly in the top ten venture capital markets in the U.S. ranking 7th in dollars invested in 2019. Moreover, the region’s pharma & biotech sector commanded more than $1 billion in overall deal value, also setting a record.

The 2019 Philadelphia Venture Report uncovers the underlying drivers of the robust Philly ecosystem, exploring datasets ranging from VC activity by sector to the sustained rise in the participation of outside investors.

Additional highlights include:

  • goPuff’s massive $750M investment from SoftBank
  • Analysis of the drivers behind Philly’s angel & seed VC deal activity
  • Highlight of the growing capital flowing to Philadelphia startups from other top markets
  • Examination of the annual growth in corporate venture investment over the past decade

“The Philadelphia entrepreneurial community is no longer the ‘best kept secret.’ From cutting edge cell and gene therapy to enterprise software and even digital convenience delivery, Philadelphia’s entrepreneurs are setting the pace for innovation, fundraising and deals,” shared PACT President and CEO Dean Miller. “We thank Pitchbook and our sponsors for their partnership and look forward to working with the region to continue to elevate Philadelphia together!”

Read the full 2019 Philadelphia Venture Report.

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