PricewaterhouseCoopers MoneyTree 2009 Venture Results Out; Big Drop in Philly Area

Although there was slight improvement in the fourth quarter, venture capital investments in the Philadelphia area fell to $424 million in 2009 from $754 million in 2008, according to PricewaterhouseCoopers MoneyTree data released tioday. Fourth Quarter 2009 investments were $142 million versus $126 million in 2008.
There were 28 deals in the fourth quarter and a total of 89 for the year, compared to 149 reported last year.
Today's report provides only aggregate data; detailed deal-by-deal data is expected out on February 1.

See today's press release here.




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