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Investing / Startups / Venture capital

Async Recruiting and Cliq raise cash [VC Roundup]

Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line. Note: VC Roundup took a vacation last week. This roundup […]

Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.

Note: VC Roundup took a vacation last week. This roundup contains news from the past two weeks. 

MUST READ

According to Form D filings, Center City-based social search engine Cliq has raised $190,000 of a $1 million round. The company, which launched at Philly Tech Meetup in September, uses social graph data to help users find the restaurant most recommended by friends. In a conversation with Technically Philly this Summer, the company hinted that it plans on expanding to other verticals.

Async Recruiting Interview has raised $350,000 of a $750,000 round (Edit: The company says it’s shooting for $500,000). The company, founded by Drexel student Chris Young and Baiada Center advisor and angel investor Ehud Israel helps companies with the recruiting process. We interviewed Young about the startup here and Israel about angel investing here.

In case you missed it last week, Safeguard Scientifics invested $3 million in Virginia-based Crimson Informatics and West Chester-based Hoopla Software.

MIGHT BE WORTH YOUR TIME

Our friends at MedCity News have an interview with DreamIt Ventures Managing Partner Kerry Rupp. In the interview Rupp reveals that the accelerator is looking for more Health IT companies for its upcoming New York City class.

According to the Inquirer, the state has awarded $29.2 million to small-business agencies. Local recepierents include the Ben Franklin Technology Development Partners and the Southeastern Economic Development Corp.

GIVE A GLANCE

The cofounder of Human Capital Solutions met with Osage Partners this week, according to this tweet.

The Univercity of Maryland Business School has an interview with alum Wayne Kimmel, Managing Partner at Artists and Instigators. The company/firm hasn’t launched yet, but we’re told its going to be a consumer-facing brand targetted towards entrepreneurs.

Osage University Partners posted its 10 contrarian predictions for 2012. Included: mobile health is overhyped and Series A investing will “grind to a halt” in the medical technology industry.

Companies: Artists & Instigators / Async Recruiting / Cliq / Hoopla Software / Osage Partners
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