Ernst & Young LLP (EY US) and Innovation Works, Inc. are proud to present our eighth annual review of Pittsburgh’s technology investment landscape. This report provides a comprehensive review of investment and exit activity in the Pittsburgh region from 2010—2019.
2019 represented a record year, with 139 unique Pittsburgh area startups attracting close to $3.0 billion in funding. In the past 10 years, nearly 600 unique Pittsburgh companies attracted more than $6.6 billion in investment. While the total number of companies funded declined slightly from 2018, from 147 to 139 companies in 2019, the amount of investment dollars increased more than 5X from $550 million to almost $3.0 billion driven by $2.0 billion of corporate investment and $928 million of venture capital investment.
