While the region took a beating in terms of employment in the second quarter of this year — reaching as high as 16% in April — the state and the region saw more deals and an increase of venture capital dollars than Q1, a recent PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report found.

Following a banner 2019 with more than $1 billion in deals for the region, the numbers are back on track with what we’d expect to see for the years proceeding it, Brad Phillips, an advisor to emerging technology and life science companies at PwC, told Technical.ly. It’s unexpected news after Q1 saw some early effects of the coronavirus pandemic.

“Going into second quarter, there was no question that COVID was going to affect things,” Phillips said on Wednesday afternoon. “But the market performed well, despite the pandemic. We saw little to no impact.”

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