Strength of Life Sciences Lifts Philly’s VC Ecosystem to Record Heights
At $2.5 billion invested across 225 venture financings for the year, Philly’s venture ecosystem closed out 2019 stronger than ever, helping to push the average disclosed round value to $11.2 million.
Moreover, the region’s pharma & biotech sector commanded more than $1 billion in overall deal value in its own right last year for the first time.
In the 2019 Philadelphia Venture Report, PACT 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.
Read the full article and report here.