Detailed MoneyTree Q4 VC report is out

The detailed PricewaterhouseCoopers MoneyTree Venture Capital report (free registration) has been released for Q4 2010. A total of $85 million was invested in Philadelphia Metro, down from $152 million for the same period in 2009, of which $55 million was for Biotechnology and $9 million for Industrial/Energy, with the remaining $21 million going mostly to Information Technology investements, spread among 19 companies.

The largest individual IT-related investment was $5.1 million in Conshohocken's Monetate, by First Round Capital, the Floodgate Fund, and a third undisclosed firm. Another interesting venture funded is stealth startup Relay Network of Radnor ($2.1 million), which appears to be targeted to the FinTech market. Investors include NewSpring Capital. Other sizable investments included networking technology company OnPATH Technologies of Marlton ($3.1 million), health information technology company Halfpenny Technologies of Blue Bell ($2.6 million), TimeSight Systems of Mount Laurel ($2.1 million), which provides IP-based video surveillance systems, and crowdsourced advertising website Poptent of Wynnewood ($3 million).


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