30 PITTSBURGH

The Steel City has long lost its mills but benefits from its timeless three rivers coming together and its world-class academic institutions, Carnegie Mellon and Pitt. The startup scene is fueled by Rolling Rock Beer and united by its passion for the Steelers. Pittsburghese, including the words “warsh” and “yinz,” is the language only real Pittsburghers speak and can understand. Another key Pittburgh word is the f-bomb, which can be used in every conceivable way—as a noun, adjective, or adverb. You could say, for example, “The Steel City has 446 f-ing bridges, more than any other city in the world.”

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING: $436.1M

DEALS: 173

EXITS: 24

5 YEAR YoY FUNDING GROWTH: 8.0%

5 YEAR YoY DEAL GROWTH: 10.9%

Source: CB Insights

ANGELS

Audrey Russo

Bong Koh

Eric Silver

Matt Newton

Sunil Wadhwani

William Guttman

VCs

Adams Capital Management

Birchmere Ventures

BlueTree Allied Angels

Coal Hill Ventures

Draper Triangle Ventures

Innovation Works

Mellon Ventures

ACCELERATORS

AlphaLab

AlphaLab Gear

Ascender

Idea Foundry

Starbot

ENTREPRENEURSHIP EVENTS

Entrepreneur’s Growth Conference

Launch CMU

Network After Work

Pgh Tech Meetup

Startup Weekend

Tech50

Thrival Festival

UnStuck PHG

Q4’15 - Q3’16 TOP FUNDING ROUNDS

Everest Infrastructure Partners—$100M

Cohera Medical—$50M

Panopto—$42.8M

360Fly—$40M

Aquion Energy—$33.2M

30

PITTSBURGH

VENTURE ACTIVITY Q4’15 - Q3’16

PITTSBURGH AT A GLANCE

Power Breakfast

Coffee Shops to Start Up In

Best Beer

Best Bar

“Must Be At” Local Events

In the Know

THE TOP

ANGELS

VCs

ACCELERATORS

ENTREPRENEURSHIP EVENTS

Q4’15 - Q3’16 TOP FUNDING ROUNDS