MoneyTree Venture Capital Profile for Pennsylvania

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Pennsylvania Companies

By Year

As of 06/30/2010

Year Companies Deals Investment($M)
2000 199 2572809.4
2001 122 145948.3
2002 91 101410.8
2003 86 102477.0
2004 86 108594.7
2005 82 102467.4
2006 121 142868.3
2007 151 167822.4
2008 166 193697.0
2009 116 132409.4
2010 69 75248.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

By Quarter

Qtr Companies Deals Investment($M)
2008-1 42 42137.1
2008-2 57 57168.3
2008-3 44 44230.5
2008-4 50 50161.2
2009-1 18 18 45.4
2009-2 41 41130.3
2009-3 39 39140.0
2009-4 34 34 93.6
2010-1 34 34 71.7
2010-2 41 41176.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

By Industry/Technology Sector

04/01/2010 to 06/30/2010

No. Sector Companies Deals Investment($M)
1 Software 11 11 2.4
2 Biotechnology 6 6 43.7
3 Medical Devices and Equipment 6 6 45.2
4 Industrial/Energy 4 4 3.4
5 IT Services 3 3 0.2
6 Computers and Peripherals 2 2 2.9
7 Media and Entertainment 2 2 0.2
8 Electronics/Instrumentation 2 2 35.3
9 Consumer Products and Services 1 1 19.8
10 Networking and Equipment 1 1 23.0
11 Business Products and Services 1 1 0.1
12 Telecommunications 1 1 0.1
13 Financial Services 1 1 0.0
-Total 41 41176.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

By Internet Related Technology

04/01/2010 to 06/30/2010

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 13 13 29.1
2 Internet Software,Services and Tools 4 4 0.2
3 Online Communications,Infrastructure and Hardware 2 2 23.1
-Total 19 19 52.4

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

By Stage

04/01/2010 to 06/30/2010

No. Stage Companies Deals Investment($M)
1Early Stage23 23 66.9
2Seed2 2 2.6
3Expansion10 10 60.4
4Later Stage6 6 46.4
-Total 41 41176.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

by Top County

04/01/2010 to 06/30/2010

No. County Companies Deals Investment($M)
1 PA-ALLEGHENY 17 17 61.2
2 PA-PHILADELPHIA 9 9 9.8
3 PA-CHESTER 4 4 12.0
4 PA-MONTGOMERY 4 4 0.7
5 PA-DELAWARE 2 2 1.2
6 PA-BLAIR 1 1 3.2
7 PA-LAWRENCE 1 1 0.3
8 PA-LEHIGH 1 1 35.0
9 PA-BUTLER 1 1 23.0
10 PA-BUCKS 1 1 29.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania Companies

By Major Metro Area

04/01/2010 to 06/30/2010

No. Area Companies Deals Investment($M)
1Philadelphia 20 20 53.6
2Pittsburgh/Tristate 19 19 84.5
3Great Lakes 1 1 3.2
4South NJ/West Pa 1 1 35.0
-Total 41 41176.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Pennsylvania

By state of Funding Source

04/01/2010 to 06/30/2010

No. Source state Investors Deals
1 Pennsylvania 16 31
2 California 7 5
3 Massachusetts 4 4
4 New York 4 4
5 Non-US 3 2
6 Kentucky 1 2
7 New Jersey 1 1
8 Connecticut 1 1
9 Illinois 1 1
-Total 42 62

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment by Pennsylvania Venture Funds

By state of Companies Receiving Money

04/01/2010 to 06/30/2010

No. Target state Companies Deals
1 Pennsylvania 39 40
2 California 15 15
3 New York 8 8
4 Colorado 5 5
5 Non-US 4 4
6 New Jersey 4 4
7 North Carolina 4 4
8 Massachusetts 4 4
9 Alberta,(CA) 2 2
10 Virginia 2 2
11 Tennessee 2 2
12 Maryland 2 2
13 Washington 1 1
14 Texas 1 1
15 Rhode Island 1 1
16 Quebec,(CA) 1 1
17 Ohio 1 1
18 New Hampshire 1 1
19 Kentucky 1 1
20 Illinois 1 1
21 Florida 1 1
22 Connecticut 1 1
23 British Columbia,(CA) 1 1
24 Arizona 1 1
- Total 103 104

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Pennsylvania

By Year

As of 06/30/2010

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2000 8665.6 1819.7
2002 2125.0 190.5
2004 3153.0 606.8
2006 3216.6 810.0
2007 1 42.4 181.8
2010 1 30.0 61.8

© 2010 Venture Economics/NVCA

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Pennsylvania

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2010-2 1 30.0 61.8
Total 11262.5 3732.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investing in Pennsylvania

Most Active Venture Investors

04/01/2010 to 06/30/2010

No. Firm Companies Deals Investment($M)
1Innovation Works, Inc.12 12 1.3
2Ben Franklin Technology Partne9 9 1.7
3Strategic Venture Mgmt. Adviso3 3 2.4
4Osage Partners, LLC2 2 0.0
5Pittsburgh Life Sciences Green2 2 1.6
6Chrysalis Ventures2 2 1.3
7DFJ Esprit1 1 4.6
8Digital Power Capital, LLC1 1 35.0
9Draper Triangle Ventures1 1 3.9
10Edison Venture Fund1 1 2.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Backed IPOs in Pennsylvania

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)
1Tengion, Inc.04/09/2010 30.0 61.8
-All Companies- 30.0 61.8

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Profile Created:07/13/2010