VC/PE Funding in Life Sciences across Greater Philadelphia still at record high

graph of total venture capital and private equity funding in of life sciences companies in Greater Philadelphia annually from 2010 to 2023 showing that the sum funding in 2020-2024 exceeds the sum of funding from 2010 to 2019

Philadelphia’s strong reputation across the life sciences sector continues to draw interest by VC/PE firms, typically leading to an increase in life science leasing activity.

VC/PE funding for life sciences in Philadelphia today remains at a record high. Total funding by VC/PE in just past four years surpassed the prior ten years of VC/PE funding combined, currently up 6%. From 2010-2019 total funding came in at $10.1B , compared to $10.7B since 2020.

August 11, 2023

US-PA-PHL Philadelphia