VC Roundup: Philly is home to 2 of the most active VC firms in U.S., DreamIt open for applications
Welcome to the VC Round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.
DEFINITE READS
PriceWaterhouseCoopers has released its Q4 MoneyTree report, complete with regional data showing Philly bouncing back from a disappointing Q3 with $142 million being invested in 28 deals, mostly in medical and biotechnology. See all the deals listed here. Silicon Valley continues its rebound with $2.2 billion of investment, nearly four times the next closet metro area. In total dollars invested, Philly ranks 12th out of 17 markets.
If you ever wonder why there is so much First Round and BFTP news on Technically Philly, its probably because First Round Capital and Ben Franklin Technology Partners were ranked the forth and 19th most active VC firms in the nation by Dow Jones VentureSource, respectively. The Wall Street Journal points out that the average age of firms on the list is 24, while First Round Capital is only six years old. Meanwhile, BFTP/SEP announced it has invested nearly $1 million in five local companies.
