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.
Edison Ventures has announced a new fund, it’s seventh, totaling $249 million. The fund has already invested $55M in 10 portfolio companies. We’ll have more on the new fund later today.
If you enjoy the VC Roundup we think you’d like Switch Philly. See five Philly startups compete for a prize pack that includes meetings with local angels and VC firms. Judges include Mayor Michael Nutter, First Round Capital Managing Editor Josh Kopelman and Robin Hood Ventures Executive Director Ellen Weber. Early bird tickets are just $5.
MIGHT BE WORTH YOUR TIME
If you are one of those people that thinks Philly doesn’t have enough fundable ideas, Philly Startup Leaders President Bob Moul asks you to reconsider.
Edison Ventures has led a $1.75 million led in Massachusetts-based Blue Cod, which provides insurance services for the property and casualty industries.
On Friday, we covered SmartCap the capitalization tabel tool from DocDep. “SmartCap is our gift to the community,” said DocDep Director of Marketing and Business Development Rebecca Holloway, “and we hope that startup firms, as well as VC and PE firms use our product.”
GIVE A GLANCE
Knowledge@Wharton has a summary of the Wharton Entrepreneurship Conference which includes quotes from Genacast Ventures managing partner Gil Beyda.
It’s not exactly tech but Philadelphia-based Versa Capital Management has acquired a handful of newspapers and niche publications in Pennsylvania.
Comcast Ventures portfolio company BelAir networks recently was acquired by Ericsson. The Ottawa Business Journal has the details.