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In The News:

Updated: Jun 27

NJ’s Venture Capital Deal Flow More Than Doubles to $5.5 Billion in 2021 as State’s Innovation Ecosystem Sees Flurry of Activity

March 4, 2022 |

The New Jersey Economic Development Authority (NJEDA) announced that New Jersey now ranks ninth in the nation based on venture capital (VC) dollars invested per state. According to PitchBook, innovation-focused companies in New Jersey secured $5.5 billion in 219 venture capital deals in 2021, up from $1.7 billion thorough 154 deals in 2020. This represents a significant improvement for New Jersey relative to 2017, when the state saw a total of $818 million in 143 venture capital deals. In this latest ranking, New Jersey jumped three spots from where it stood at #12 in 2020, and seven spots from #16 in 2013. New Jersey’s share of the Northeast market also grew, by 1.4 percentage points in 2021 to 5.5%.

NJ SEED: Venture Capital investment is another indicator that NJ’s economic climate continues to improve.

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