2020 Philadelphia Venture Report
Detailed analysis of key trends in the Philadelphia MSA from last year
Philadelphia, March 2, 2021 – The PACT 2020 Philadelphia Venture Report is now available, powered by PitchBook Data and breaking down all key trends in the Philly MSA from last year.
At $1.8 billion invested across 221 venture financings for the year, Philly’s VC and emerging tech ecosystem concluded a turbulent 2020 on a resilient note, helping to push the average disclosed round value to $8.1 million. Moreover, the region’s companies generated more liquidity for investors on an annual basis than ever before: $3.7 billion in aggregate value across 19 exits.
The 2020 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:
- Analysis of the drivers behind Philly’s angel & seed VC deal activity
- A deep dive on the impact of the COVID-19 pandemic on the region’s emerging tech community
- Examination of the annual growth in funding for the life sciences over the past decade
“Philadelphians embody grittiness. In 2020, the MSA posted record seed and angel deal activity, signaling no slowdown to the startup scene and the rapid response its healthcare and biopharma communities had to COVID-19 and ongoing unmet patient needs,” 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 2020 Philadelphia Venture Report
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About Philadelphia Alliance for Capital and Technologies (PACT)
PACT’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. www.philadelphiapact.com
Media Contact:
Chris Cantz
215-790-3807
ccantz@philadelphiapact.com
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