Progress for the Philadelphia Region in Venture Capital Rankings

Earlier this month, posted an article about the Philadelphia region’s rise in venture capital funding in recent years. Although Philadelphia is still behind venture capital behemoths like San Francisco and New York, the City of Brotherly Love rose to sixth in the nation for the number of deals made in 2015.

Proof of the city’s progress in venture capital merit can be seen in the capital dollars going into successful startups in the Philadelphia region.

A prime example is Oncora Medical, a Center City-based startup that received $1.2 million earlier this month in an early round of funding from investors from both Philadelphia and San Francisco.

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