Philadelphia-area companies have raised half a billion dollars in the first half of 2019, according to data from a PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report.

In the first quarter of 2019, Philly companies raised $224 million in venture capital across 23 deals. In the second quarter, there was $277 million raised also across 23 deals, for a total of $501 million — the most raised in the first quarter since PwC started tracking deals in 1995.

The amount of total venture capital raised is slightly more — $2 million — than 2018’s numbers at the same time of year, the report shows.

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