2018 Philadelphia Venture Report

The PACT 2018 Philadelphia Venture Report is now available, powered by PitchBook Data and breaking down all key trends in the Philly MSA from last year.

For the fifth year in a row, the Philadelphia MSA venture ecosystem closed in on nearly 200 transactions. However, 2018 set its own record, seeing nearly $1.4 billion invested—eclipsing the prior high of $1.1 billion handily. Median financing sizes also remained relatively healthy as opposed to inflated, signifying a sustainable financing environment. Although larger rounds are occurring more frequently than in the past, as over 60% of all capital invested in the Philly MSA in 2018 was within rounds of $25 million or more, that is more testament to the ecosystem’s ability to produce more mature companies capable of raking in fundings of such size in recent years.

Other highlights from the report include:

  1. Datasets on VC activity by sector & size
  2. A spotlight on the rate of outside investment into the domestic ecosystem
  3. Exits & fundraising

Read the full 2018 Philadelphia Venture Report

Report Sponsors

Open Access DEI Program

Hello Startup Community,

After the Philly Startup Leaders’ Diversity Dinner in Winter 2017 and prior events, we directly heard the frustrations of the entire startup community around the lack of Diversity, Equity and Inclusion (DEI) across most tech/startup companies as well as founders from diverse backgrounds not gaining the same opportunity for growth and success despite the quality of their teams, products and services.

In response to the frustrations and aware of the positive relationship between inclusion and prosperity, a collaboration led by OAx (d.b.a Open Access Philly) in partnership with representatives from Philly Startup Leaders, Guru, Mogulette, and Media Bureau, Inc. was launched to collect, analyze and share the first-ever, dedicated, DEI-focused Data and Information Set for the Philadelphia startup community.

The dedicated DEI effort will use data, collective analysis and cross-sector collaboration to identify the most impactful, actionable issues to address, and provide targeted resources to the community to enact meaningful change.


  • Diversity, Equity & Inclusion (“DEI”) Survey, plus:  
    • A series of Small Workshops that will begin in Fall 2018; and
    • A dedicated Digital Home at (openaccessphilly.com – updates coming soon): for
      • Data
      • Resources
      • Workshop Notes & (anonymized) Transcripts
      • Continuous Feedback

Who should participate?

All members of the community and ecosystem should participate in the Data Survey

  • Founders
  • Executives / Leadership Teams
  • Employees
  • Investors
  • Board Members
  • Advisors
  • Vendors


The Small Workshop Series targets Founders, Leaders, Board Members and Investors.

  • But, as with the Data Survey, all are welcome to participate
  • Ideally we would like at least one senior representative and significant stakeholder of every early stage company in the City to participate in at least one Workshop.

What’s the objective?  

The OAx mission has always been to help build and grow a community that provides for Equal Economic Opportunity for all quality organizations through:

  • Data;
  • Community transparency; and
  • Dedication to D.E.I.
  • This program will use the collective intelligence of the broader community
  • Ensure racial & ethnic minorities, women, LGBTQ community members, veterans and people with disabilities gain equal opportunities to successfully grow their businesses.
    • Ensure the above groups who are employees also gain equal opportunities to grow professionally and personally within their organizations.

What action will be taken after the data is compiled?

OAP will convene groups to analyze the Data Survey and Workshop data each quarter

  • Discover insights for short, medium and long-term actions
  • Share analysis on dedicated website

How to help?

  • We need Founders, Employees, Leaders, Board Members, Investors and Stakeholders to take the DEI Survey.
    • Share within your organization or an organization you know.
  • We are actively seeking to partner with, and gain support from, like-minded individuals and organizations.
    • We are looking for partners to help spread the word about the collaborative initiative. (I.E. Feature on your website, Hosting a workshop…)
  • We need ambassadors for each workshop.
    • Volunteer (or recommend) an ambassador for promotion of our work, sharing our survey/content and assisting during events.



Best Regards from the Organizers,

OAx – Paul Wright, Tiffanie Stanard and Jeff Friedman


Philly Startup Leaders – Kiera Smalls, Prasanna Krishnan, Bob Moore


Guru – Chris Anderson


Mogulette – Brigitte Daniel


Media Bureau, Inc. – Benjamin Barnett



2017 Philadelphia Venture Report

Data provided by Pitchbook
Sponsored by Ben Franklin Technology Partners, Morgan Lewis, EY, Fairmount Partners, Safeguard, BioAdvance, Life Sciences PA, CEO Council for Growth, and Merrill Corporation

In 2016, startups headquartered in the Philadelphia area raised more than $1 billion in VC, double the amount seen a decade earlier. Though 2017 isn’t on a similar pace, it is poised to become the fourth consecutive year with over $700 million in deal value.

This report explores the drivers of that surge, along with other facets of Philadelphia’s burgeoning tech scene.

Read full report.