4th Quarter 2009 Philly VC Investments; Not too much for IT
The PricewaterhouseCoopers/National Venture Capital Association MoneyTree detailed report on 4th quarter 2009 VC investments is out (free registration required).
Total investments in Philadelphia Metro were $142 million. But after subtracting $61 million for Biotech, $43 million for Medical Devices, and $25 million for Industrial/Energy, that only leaves about $13 million for investments that might primarily be considered IT-related, spread over 13 deals.
Most of these I have reported on before, including MobileMD, MuseAmi, PackLate, Agilence, and Timsesight Systems. Other investments revealed in the report are Core Solutions of Wayne ($500,000), which supplies electronic health record (EHR) systems for behavioral healthcare, Alphion Corporation of Princeton Junction ($1 million),which develops and manufactures integrated photonic components, and NearVerse of Philadelphia ($1 million), which provides mobile IP network application services.
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