The year 2020 saw dramatic swings in regional investment trends as the COVID-19 pandemic led startups to raise funds to bolster their balance sheets and extend their runway. In total, 171 companies raised $993 million, a decrease from the almost $3 billion raised in 2019, but reflecting the second-best investment year in the past decade. In the past 10 years, nearly 600 unique Pittsburgh companies attracted a total of over $7.2b in investment.
