MoneyTree Venture Capital Profile for Philadelphia

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Philadelphia Metro Region Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 88 101456.9
1999 88 1081272.9
2000 139 1822045.1
2001 78 88759.7
2002 59 66320.6
2003 58 66443.7
2004 56 72519.1
2005 51 66351.7
2006 67 75602.9
2007 88 96663.1
2008 21 21154.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Philadelphia Metro Region Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 17 17102.6
2006-2 24 24218.2
2006-3 17 17184.7
2006-4 17 17 97.4
2007-1 27 27237.1
2007-2 31 31170.5
2007-3 25 25188.4
2007-4 13 13 67.1
2008-1 21 21154.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Philadelphia Metro Region Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Biotechnology 4 4 32.3
2 Software 4 4 27.1
3 Financial Services 2 2 20.8
4 Media and Entertainment 2 2 10.6
5 Industrial/Energy 2 2 38.9
6 Electronics/Instrumentation 2 2 7.9
7 IT Services 1 1 3.5
8 Computers and Peripherals 1 1 2.1
9 Business Products and Services 1 1 2.5
10 Semiconductors 1 1 5.1
11 Medical Devices and Equipment 1 1 3.6
-Total 21 21154.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Philadelphia Metro Region Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Internet Software,Services and Tools 4 4 29.4
2 Ecommerce Goods, Services and Content 2 2 10.6
-Total 6 6 40.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Philadelphia Metro Region Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Startup6 6 17.1
2Oth Early Stage2 2 19.4
3Expansion8 8 68.2
4Later Stage5 5 49.7
-Total 21 21154.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Philadelphia Metro Region Companies

By Region of Funding Source

01/01/2008 to 03/31/2008

No. Source metro_region Investors Deals
1 Philadelphia 9 12
2 South NJ/West Pa 5 7
3 San Jose 7 5
4 New York Metro 4 4
5 Boston 3 3
6 Washington Metroplex 3 3
7 San Fran/Berkeley 3 3
8 Dallas 2 2
9 Other US 1 1
10 San Diego Metro 1 1
11 Pittsburgh/Tristate 1 1
12 Non US 1 1
13 Great Lakes 1 1
-Total 46 51

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Philadelphia Metro Region Venture Funds

By Region of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target metro_region Companies Deals
1 Philadelphia 15 15
2 New York Metro 14 14
3 San Jose 11 11
4 Other US 4 5
5 Non US 5 5
6 Washington Metroplex 5 5
7 South NJ/West Pa 3 3
8 Boston 2 2
9 Research Triangle 2 2
10 San Fran/Berkeley 2 2
11 Orange County 1 1
12 Denver 1 1
13 Atlanta 1 1
14 San Diego Metro 1 1
15 Austin 1 1
16 Portland 1 1
17 Pittsburgh/Tristate 1 1
18 Los Angeles 1 1
- Total 71 72

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Philadelphia Metro Region

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 2147.4 545.8
1999 8757.2 4103.4
2000 10833.3 2107.5
2003 1 61.6 150.4
2004 3153.0 606.8
2006 3216.6 810.0
2007 1 42.4 181.8

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Philadelphia Metro Region

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-4 2138.0 578.3
2007-4 1 42.4 181.8
Total 32391.8 9265.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Philadelphia Metro Region

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Quaker BioVentures, Inc.2 2 5.3
2Polaris Venture Partners2 2 2.6
3Osage Investments2 2 3.2
4Novitas Capital (FKA: PA Early2 2 5.3
5Edison Venture Fund2 2 6.7
6Domain Associates LLC2 2 5.3
7New Enterprise Associates2 2 5.5
8Ben Franklin Technology Partne2 2 1.4
9HealthCare Ventures LLC (FKA: 2 2 1.9
10Robin Hood Ventures2 2 1.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Philadelphia Metro Region

Top IPOs

01/01/2008 to 03/31/2008

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

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008