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.
According to a Form D filing, ElectNext is raising $750,000. The DreamIt Ventures grad and current Project Liberty resident recently announced deals with the National Constitution Center and The Economist for its candidate-voter matching platform.
DreamIt grads Take the Interview (NYC) and Sqoot (Philly) presented at the rapid-fire pitch event in The 67th Ward titled “Ultra Light Startups Feedback Forum and Pitch Showdown.” The accelerator also announced an e-commerce advisory board this week and had a strong presence at SXSW in Austin.
MentorTech Ventures and Robin Hood Ventures were named in a $1.5 million financing round for Molecular Detection, a Wayne-based biotech company that focuses on disease detection.
MIGHT BE WORTH YOUR TIME
In case you missed it, we did an Exit Interview with Spling founder Billy McFarland. McFarland moved his company Spling to New York City to be closer to his investors.
As we reported last week, Ben Franklin Technology Partners is on the lookout for clean tech companies in the region. The fund is holding a special briefing and interested companies must sign up by March 23.
First Round Capital was among the firms to invest $9 million in SavingStar, a digital coupon service.
The Business Journal reports on Promedior, a Malvern biotech company latest investment round of $21 million.-30-