VC/PE Funding is back on the rise across Greater Philadelphia
- The Philadelphia Metropolitan Statistical Area (MSA) has experienced a 76.5% year-over-year increase in venture capital/private equity (VC/PE) funding, distributed across multiple industries, with $2.8 billion raised year-to-date in 2024.
- In April 2024, Opportunity Finance Network, one of the nation’s leading investment intermediaries and a network of community development financial institutions (CDFIs) with locations in Philadelphia, PA, was selected to receive a historic $2.29 billion grant for clean energy community investments.
- Philadelphia’s strong presence in the life sciences sector continues to attract investors, with the sector receiving $4.37 billion in VC/PE funding since 2019 alone. Demand remains strong for Trophy and Class A lab space, particularly in University City and The Navy Yard, with new developments like One uCity Square now 90% leased.
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