PNW's VC Ecosystem Posts a Record $5.4B in Value for 2020
The Pacific Northwest (PNW) represents one of the strongest emerging tech and VC ecosystems in the U.S., living up to that reputation in 2020, as startups across the region raised a record $5.4 billion in fresh funding.
This installment of Bridge Bank's Markets to Watch series unpacks the top trends that have defined a decade that witnessed VC investment value expand at a compound annual growth rate of 19% across the PNW. Additionally, the report contains analysis of the region's leading database software and cloudtech & DevOps segments.
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Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored business banking solutions throughout the Bay Area and has specialized expertise focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. Bridge Bank is part of Western Alliance Bancorporation, which has more than $65 billion in assets. Influential sources from Forbes to American Banker again rank Western Alliance Bank among the top U.S. banks in 2023. As a regional bank with significant national capabilities, Bridge Bank delivers the reach, resources and local market expertise that make a difference for customers.
