- Nationally, the number of venture deals declined 6% (from 3,937 to 3,698) and dollars invested declined 10% (from $29.5B to $26.5B), while Pittsburgh investment performance during 2012 was more positive with a significant 54% increase in the number of financings (123 to 190) while invested dollars reflected a slight increase ( $326.9M to $329.1M).
- Over the 5-year period of the report (2008-2012), the Pittsburgh region saw $1.3B being invested in the region's early stage technology companies during the nation's worst economic recession --an indicator of the region's resilience with a broad-based economy of enterprise software, consumer software, medical devices, healthcare, and biotech.
- Pittsburgh experienced a dramatic increase in the number of very early stage companies attracting funding with pre-revenue companies nearly doubling--an indicator that the research universities and broader entrepreneurial community are starting the next generation of promising technology companies that will ultimately drive the region's future growth.
- Despite low levels of indigenous venture capital, many high profile national venture firms invested in companies starting, growing, and staying in Pittsburgh.
- Merger & Acquisition activity is accelerating as evidenced by having 28 companies exit in 2011-2012 generating $2B in disclosed value.
Pittsburgh's Positive Investment Growth Bucks National Trends According To Ernst & Young And Innovation Works Report
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