Monday, October 19, 2015

Investing in Pittsburgh

Growth in Pittsburgh’s technology sector is accelerating among venture capitalists, angels and other investors with $437.8 million invested across 177 deals in 2014, marking a 46% increase in dollars and an 19.6% increase in deals over 2013.
VCs invested $332.9 million into 39 Pittsburgh deals in 2014, a 168% increase in dollars invested and a 26% increase in the number of deals over 2013.  This was the highest level of VC investment in the Pittsburgh region since 2001.
Angels invested $72.9 million in 2014, a 35% increase over 2013.
Pittsburgh startups saw $3+ billion in exits over the last five years.
Pittsburgh compares favorably against the 40 largest Metropolitan Statistical Areas in the United States, ranking 11th in investment dollars per capita and 5th in deals per million residents.

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