Philadelphia
Metro area · United States · Pop. 5.8M
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Quarterly report
Philadelphia's latest quarter in venture capital
VC raised by Philadelphia-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Philadelphia-headquartered companies…
Largest rounds
Largest funding rounds in Philadelphia
A live treemap of the largest VC rounds. Each cell is one round into Philadelphia-headquartered companies, grouped by Dealroom sector.
Largest rounds in Philadelphia - 2026
VC investment
How much venture capital flows into Philadelphia
VC investment into Philadelphia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Philadelphia's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Philadelphia.
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Notable alumni-founded: Warby ParkerCompassBetterCloudOutschool
Location comparison
How Philadelphia stacks up
Compare Philadelphia with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in United States ranked by combined EV. Philadelphia's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Bay Area | $20.3T | 9.7× | 886 | $157B | 24.5K |
| 2 | Seattle | $2.9T | 30.2× | 70 | $6.8B | 2,947 |
| 3 | Austin | $2T | 22.1× | 61 | $7.8B | 2,679 |
| 4 | New York City | $1.6T | 5.3× | 328 | $32.6B | 16.6K |
| 5 | Boston | $1.2T | 5.1× | 209 | $12.9B | 6,293 |
| 6 | Los Angeles | $911B | 4.6× | 163 | $17.3B | 8,638 |
| 7 | Miami | $690B | 12.3× | 43 | $2.9B | 2,914 |
| 8 | San Diego | $332B | 5.3× | 63 | $3.4B | 2,214 |
| 9 | Chicago | $266B | 3.3× | 54 | $2.2B | 2,808 |
| 10 | Washington DC | $263B | 4.3× | 55 | $3.6B | 2,336 |
| 11 | Dallas | $224B | 4.2× | 47 | $2.1B | 2,053 |
| 17 | Philadelphia | $87.8B | 3.3× | 14 | $1.4B | 1,841 |
More data
Explore Dealroom data →Get the full Philadelphia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.