According to the most recent Pricewaterhouse Coopers MoneyTree report, the Philadelphia region’s VC market has seen a significant dip in third quarter investment.
The region received $94.4 million in VC investment in the third quarter, compared to $163 million last quarter, a drop of 42 percent. The region’s venture capital investment dropped 62 percent compared to the same quarter a year ago. Despite the dip in total invested dollars, the number of deals received a slight bump from 22 last quarter to 25. Only seven of the 16 metropolitan areas tracked by the report saw an increase from last quarter.
Report: Philly venture capital investment dips in Q3, Silicon Valley nears normalcy