Following quarter after quarter of record-breaking venture capital spending in the Philadelphia region, Q3 2022 proved significantly quieter.
PitchBook and the National Venture Capital Association dropped the Q3 2022 PitchBook-NVCA Venture Monitor on Thursday, with data showing that the Philly region didn’t net more than a billion in investments, or near it, for the first time in seven quarters. The region had consistently seen huge deals over the last two years, with $4 billion invested across 278 deals in the first half of 2022 alone.
But a slowdown in Philly that’s following national trends isn’t necessarily a bad thing, the report and one local expert said. Let’s jump in.
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