Venture capitalists invested $420.3 million in Philadelphia-area companies last year, up 1.2 percent from the year before, according to the MoneyTree Report by PricewaterhouseCoopers L.L.P. and the National Venture Capital Association.
The report, released Friday and based on data from Thomson Reuters, also showed that venture capitalists nationally invested $29.4 billion in 3,995 deals, a 7 percent increase in dollars and a 4 percent increase in deals.
Locally, the number of companies receiving venture capital equity investments increased 9.9 percent to 122 from 111.
In the fourth quarter, 34 Philadelphia-area companies received $81.6 million in investments. The largest investment - $30 million - went to Accolade Inc., a Plymouth Meeting company that provides health assistants who help employees of big, self-insured companies navigate medical care and insurance. Accolade's investor was Carrick Capital Partners, of San Francisco.