Technical.ly Philly

Business

Jan. 24, 2012 8:30 am

Open Angel Forum III is open for business [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. MUST READ DuckDuckGo co-founder Gabriel Weinberg announced that Open Angel Forum III […]

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.

MUST READ

DuckDuckGo co-founder Gabriel Weinberg announced that Open Angel Forum III will be held on March 22 at Morgan Lewis. The event, which pairs startups with local angel investors for free, is taking applications until February 26th.

The Philadelphia Business Journal has the lowdown on ICG’s new buying mood. Peter Key also highlights how local Philly VC numbers are not recovering on pace with the national market. Nationally, the amount invested in 2011 was the third-highest amount invested in the past decade.

The Jerusalem Post has a lengthy profile about DreamIt Ventures’ new expansion into Israel. The new offshoot of the Philadelphia-born accelerator will be headed by Mitchell Golner. Also this week: DreamIt NYC grad AppAddictive raised $1.2 million.

MIGHT BE WORTH YOUR TIME

Comcast Ventures has invested in the $5 million Series A round of Kiwi Crate, a company that makes products for childhood education. According to a release the company has veterans of eBay, PayPal and YouTube on staff. Business Insider has a detailed look at the company.

GIVE A GLANCE

According to SEC filings, Osage Venture Partners has raised $26.5 million in its third fund. The firm also co-invested in the $4 million Series A round of Identropy a provider of “Identity and Access Management” in the cloud.

Ben Franklin Technology Partners has a new Chairman and Vice Chairman according to a press release.

The investing website Motley Fool thinks that Safeguard Scientifics’ stock is a good investment.

Bristol-based Nitric BioTheraputics has raised $1 million according to SEC filings. The company makes products for Podiatry and Dermatology therapies.

-30-

Sean Blanda is an adviser to Technical.ly, the local technology news network, having cofounded its flagship Technically Philly in February 2009. He is a media consultant, engagement editor for Behance and lives in Brooklyn, NYC.

Advertisement