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JLL Pittsburgh Chart of the Week
1. Venture capital funding flowing for tech startups
Pittsburgh
• Last year, $337.8 million was pumped into emerging tech firms in the Pittsburgh region, the largest
amount since 2001. There were 79 recipients, down from 98 in 2013, and the investors were a mix of
venture capitalists, companies, private individuals and angel network entities.
• The largest funding round of 2014 totaled $70 million and went to Dynamics, a Cheswick-based
developer of interactive payment cards. It not only landed MasterCard as an investor, but also entered
into a joint initiative with MasterCard to drive innovation in credit and debit cards.
Source: JLL Research, MoneyTree Report
Chart of the week: February 16, 2015
Pittsburgh tech funding ($M)
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2010 2011 2012 2013 2014