In recent years, the startup scene in Pittsburgh has been steadily growing, and we can only expect that growth to continue. The steel city is getting some major attention lately, and no longer just for its steel or recently freezing weather.
Startups in the region made it on two notable lists this past week as one of the top cities for startup employment and venture capital dollars, both signalling a positive future for businesses. Find more information on the lists below:
Startup employment
ZipRecruiter.com, a website that analyzes job and recruitment data, found Pittsburgh is No. 17, ahead of Atlanta, Philadelphia, Houston and Dallas, among others.
The company said Pittsburgh's place on the list was because of its local startup companies including Duolingo, No Wait and The Resumator.
Venture Capital
Venture capital dollars spent in the Pittsburgh region more than doubled from 2013 to 2014, according to a new report from economic and social trend tracker PittsburghTODAY.
In 2014, venture capital firms invested $338 million in local companies, up from $138 million in 2013.
“That was driven largely by several very large growth capital financings,” said Mike Stubler, managing director with Draper Triangle Ventures, an early-stage venture capital firm based in Pittsburgh. “Almost half of the money went to three large deals.”Read more
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