Venture capital in Philadelphia is on the upswing, especially compared with national trends.
Nationally, the number of venture capital deals has decreased, according to a joint report released last week, yet Philadelphia is defying this trend. Philadelphia saw a 17-percent increase in total financing deals in 2012, while the national number of deals declined by 3 percent with an 18-percent decrease in total dollars invested. During the past 18 months, $1 billion has been invested in the Greater Philadelphia region companies by venture capitalists, angel funds and seed funds... Philadelphia’s status as a mecca for pharmaceutical and biotech companies as one impetus for venture capital firms to be interested in investing in the city. This years-long trend is making way for more venture capital investment in other fields as well.
Original source: The Daily Pennsylvanian
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