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Philadelphia Region’s 71% Increase in VC Funding Easily Tops All Major U.S. Markets During 1Q

“Philadelphia-area startups saw the greatest percent increase in venture capital funding in the first quarter, according to analytics firm CB Insights, an increase that more than doubled any other major metropolitan region….

Greater Philadelphia was one of three regions where venture capital funding didn’t drop from the fourth quarter of 2021. The first-quarter figure was bolstered by a $350 million investment from SK Inc. in King of Prussia’s Center for Breakthrough Medicines.”

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May 6, 2022