The Philadelphia entrepreneurial community is on the rise! Driven by continued growth and international prominence in life sciences (and in particular, cell and gene therapy) along with a strengthening enterprise software scene, Philadelphia cracked the top 10 most active regions in the US for venture in 2019. Our angel investment community continues to grow along with increased investment from Silicon Valley VCs, corporate investors and the growth stage-focused private equity community. Philadelphia set a high-water mark for venture investment in 2018 with close to $1.4 billion and we are already off to a fast start in 2019. Entrepreneurs increasingly are planting their flag in Philadelphia to take advantage of the tech labor pool, high quality of living and access to top commercial markets. Please join me in thanking our sponsors of this report. PACT looks forward to working with them and all of you to continue to elevate Philadelphia!
Dean Miller, President & CEO