PNW's VC Ecosystem Posts a Record $5.4B in Value for 2020
May 19, 2021
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.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions, including startup banking, capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans and a full line of international products and services. Based in San Jose, Bridge Bank has 15 offices in major markets across the country, along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $60 billion in assets. Western Alliance is #2 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2021 and ranks high year after year on the Forbes list of “America’s Best Banks.”