MoneyTree Venture Capital Profile for Pennsylvania

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Pennsylvania Companies

By Year

As of 03/31/2008
Year Companies Deals Investment($M)
1998 118 135552.5
1999 112 1421624.2
2000 193 2492862.5
2001 112 131938.0
2002 82 87455.0
2003 76 90584.4
2004 78 96587.5
2005 75 94445.4
2006 109 129855.6
2007 140 154848.4
2008 37 37157.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

By Quarter
Qtr Companies Deals Investment($M)
2006-1 30 30155.9
2006-2 38 38342.4
2006-3 27 27222.5
2006-4 34 34134.8
2007-1 41 41284.0
2007-2 52 52238.1
2007-3 30 30222.5
2007-4 31 31103.9
2008-1 37 37157.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008
No. Sector Companies Deals Investment($M)
1 Software 10 10 42.0
2 Biotechnology 5 5 32.4
3 Media and Entertainment 4 4 11.3
4 Industrial/Energy 4 4 45.0
5 Medical Devices and Equipment 3 3 4.0
6 Electronics/Instrumentation 3 3 8.2
7 Semiconductors 2 2 5.4
8 Business Products and Services 1 1 2.5
9 Computers and Peripherals 1 1 2.1
10 Networking and Equipment 1 1 0.3
11 IT Services 1 1 3.5
12 Consumer Products and Services 1 1 0.3
13 Financial Services 1 1 0.8
-Total 37 37157.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

By Internet Related Technology

01/01/2008 to 03/31/2008
No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 6 6 24.2
2 Internet Software,Services and Tools 5 5 29.6
-Total 11 11 53.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

By Stage

01/01/2008 to 03/31/2008
No. Stage Companies Deals Investment($M)
1Startup13 13 25.3
2Oth Early Stage4 4 19.7
3Expansion13 13 53.7
4Later Stage7 7 59.0
-Total 37 37157.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

by Top County

01/01/2008 to 03/31/2008
No. County Companies Deals Investment($M)
1 PA-ALLEGHENY 14 14 16.9
2 PA-MONTGOMERY 7 7 33.0
3 PA-CHESTER 5 5 41.4
4 PA-PHILADELPHIA 5 5 53.8
5 PA-LEHIGH 2 2 3.3
6 PA-BUCKS 2 2 2.7
7 PA-NORTHAMPTON 1 1 3.6
8 PA-CENTRE 1 1 3.1

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania Companies

By Major Metro Area

01/01/2008 to 03/31/2008
No. Area Companies Deals Investment($M)
1Philadelphia 20 20134.4
2Pittsburgh/Tristate 14 14 16.9
3South NJ/West Pa 2 2 3.3
4Great Lakes 1 1 3.1
-Total 37 37157.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Pennsylvania

By state of Funding Source

01/01/2008 to 03/31/2008
No. Source state Investors Deals
1 Pennsylvania 17 29
2 California 10 6
3 New Jersey 4 6
4 New York 5 5
5 Massachusetts 4 4
6 Maryland 3 3
7 Texas 2 2
8 Non-US 1 1
9 Connecticut 1 1
10 Colorado 1 1
11 Ile de France 1 1
12 Maine 1 1
-Total 55 68

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Pennsylvania Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008
No. Target state Companies Deals
1 Pennsylvania 32 32
2 California 18 18
3 New Jersey 7 7
4 New York 7 7
5 Massachusetts 5 6
6 Non-US 5 5
7 Texas 4 4
8 North Carolina 3 3
9 Georgia 2 2
10 Virginia 2 2
11 Ohio 1 1
12 Oregon 1 1
13 Maryland 1 1
14 Connecticut 1 1
15 Colorado 1 1
16 Montana 1 1
- Total 91 92

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Pennsylvania

By Year

As of 03/31/2008
Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 2222.2 700.8
1999 10999.0 6215.7
2000 11864.8 2191.8
2002 2125.0 190.5
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 Pennsylvania

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 32803.3 11657.6

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Pennsylvania

Most Active Venture Investors

01/01/2008 to 03/31/2008
No. Firm Companies Deals Investment($M)
1Innovation Works, Inc.10 10 2.0
2Quaker BioVentures, Inc.3 3 5.4
3Ben Franklin Technology Partne2 2 1.4
4NextStage Capital2 2 1.0
5New Enterprise Associates2 2 5.5
6Draper Triangle Ventures 2 2 1.9
7Osage Investments2 2 3.2
8Novitas Capital (FKA: PA Early2 2 5.3
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 Pennsylvania

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