After concern that the coronavirus pandemic would wipe out all chance of venture capital dollars for budding and developing companies this year, the numbers show that in the third quarter of 2020, Philly still received a hearty showing from investors.

The Greater Philadelphia region pulled in more than $100 million more in VC dollars in Q3 than it did in Q2, a recent PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report shows. Across the region, Philadelphia-area companies saw $433 million invested across 21 deals. It’s a trend Brad Phillips, an advisor to emerging technology and life science companies at PwC, said mirrors national numbers: slightly fewer deals than before, but with higher dollar amounts.

Nationally, Phillips said, the last three months represented the second-highest quarter ever for dollars invested. Anecdotally, he said he’d heard that companies had been able to talk to more investors than before, since a Zoom call is more standard procedure now than traveling to investors.

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