beyond the science center

VC investing in philadelphia hit record highs, and lows, in 2018

March 26, 2019  |  Philadelphia Business Journal 

new report from PACT and PitchBook shows Philadelphia saw a record year of investments in 2018, when $1.4 billion was poured into local firms, the most in a decade.


Released by PACT, the report also documented declines in exits and fundraising by venture capital firms. All put together, though, it depicts a region’s that is hitting a critical mass of progress, said Scott Nissenbaum, chief investment officer at Ben Franklin Technology Partners of Southeastern Pennsylvania.


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