MoneyTree Venture Capital Profile for Pittsburgh/Tristate

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Year

As of 06/30/2010

Year Companies Deals Investment($M)
2000 61 76841.6
2001 41 50350.3
2002 32 37138.9
2003 24 31117.5
2004 29 32 89.2
2005 25 30 67.0
2006 40 51234.4
2007 49 54121.8
2008 51 58145.0
2009 48 55 89.1
2010 26 29100.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Quarter

Qtr Companies Deals Investment($M)
2008-1 14 14 8.2
2008-2 19 19 17.2
2008-3 10 10 40.9
2008-4 15 15 78.7
2009-1 8 8 7.1
2009-2 22 22 19.2
2009-3 13 13 51.4
2009-4 12 12 11.5
2010-1 10 10 15.5
2010-2 19 19 84.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Industry/Technology Sector

04/01/2010 to 06/30/2010

No. Sector Companies Deals Investment($M)
1 Software 6 6 0.6
2 Medical Devices and Equipment 3 3 36.6
3 Industrial/Energy 2 2 0.6
4 Biotechnology 2 2 3.3
5 Media and Entertainment 1 1 0.0
6 Consumer Products and Services 1 1 19.8
7 IT Services 1 1 0.2
8 Computers and Peripherals 1 1 0.1
9 Networking and Equipment 1 1 23.0
10 Electronics/Instrumentation 1 1 0.3
-Total 19 19 84.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Internet Related Technology

04/01/2010 to 06/30/2010

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 7 7 21.9
2 Internet Software,Services and Tools 2 2 0.1
3 Online Communications,Infrastructure and Hardware 1 1 23.0
-Total 10 10 45.1

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Stage

04/01/2010 to 06/30/2010

No. Stage Companies Deals Investment($M)
1Early Stage11 11 21.9
2Seed1 1 2.6
3Expansion5 5 24.6
4Later Stage2 2 35.4
-Total 19 19 84.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pittsburgh/Tristate Metro Region Companies

By Region of Funding Source

04/01/2010 to 06/30/2010

No. Source metro_region Investors Deals
1 Pittsburgh/Tristate 7 15
2 Philadelphia 4 4
3 Boston 2 2
4 San Jose 3 2
5 Non US 3 2
6 Great Lakes 1 1
7 San Fran/Berkeley 1 1
-Total 25 33

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment by Pittsburgh/Tristate Metro Region Venture Funds

By Region of Companies Receiving Money

04/01/2010 to 06/30/2010

No. Target metro_region Companies Deals
1 Pittsburgh/Tristate 16 16
2 San Jose 4 4
3 Philadelphia 1 1
4 Non US 1 1
5 Research Triangle 1 1
6 Austin 1 1
7 Other US 1 1
8 New York Metro 1 1
- Total 26 26

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Pittsburgh/Tristate Metro Region

By Year

As of 06/30/2010

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2000 1 31.5 84.3
2002 2125.0 190.5

© 2010 Thomson Reuters/NVCA

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Pittsburgh/Tristate Metro Region

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
Total 0156.5 274.8

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investing in Pittsburgh/Tristate Metro Region

Most Active Venture Investors

04/01/2010 to 06/30/2010

No. Firm Companies Deals Investment($M)
1Innovation Works, Inc.12 12 1.3
2Pittsburgh Life Sciences Green2 2 1.6
3Bain Capital Ventures1 1 3.9
4Birchmere Ventures1 1 3.9
5Chrysalis Ventures1 1 0.6
6DFJ Esprit1 1 4.6
7Draper Triangle Ventures1 1 3.9
8First Round Capital1 1 6.6
9Floodgate Fund, L.P.1 1 6.6
10Health Evolution Partners LLC1 1 0.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Backed IPOs in Pittsburgh/Tristate Metro Region

Top IPOs

04/01/2010 to 06/30/2010

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Profile Created:07/13/2010