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

A 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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Kristen Fitch

Senior Director, Marketing