Despite the national tech downturn, Pittsburgh-based startups landed investment deals at a better rate than the national average last quarter.
According to data from the PitchBook-NVCA Venture Monitor, 19 local startups saw a combined $171.96 million in new funding between July and September of this year. That’s up 38.5% from the combined $124.11 million raised in the prior quarter and it’s up 24% from the combined $138.59 million local startups raised during the same quarter last year.
At the national level, total venture capital investment totaled $43 billion, down 20.2% from the $53.9 billion raised in the prior quarter and down 48% from the $82.8 billion raised in last year’s Q3.
Here are the top venture capital deals scored by startups in the Greater Pittsburgh area last quarter, according to Pitchbook:
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