SnipSnap wins Switch Philly [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 READS

SnipSnap, the coupon clipping mobile application, emerged the victor at Switch Philly, a Philly Tech Week event where five startups demoed to Mayor Michael Nutter, First Round Capital Managing Partner Josh Kopelman and Robin Hood Ventured Ellen Weber. SnipSnap founder Ted Mann announced during his demo that the app had launched earlier that day.

DreamIt Ventures had moved into its NYC location, the former location of design deal site Fab.com. The full list of companies is here, none are from Philadelphia and five are from the program’s pilot Israel program. Also, by valuation, DreamIt Ventures is the third-best incubator according to Forbes.

MIGHT BE WORTH YOUR TIME

Representatives of First Round Capital, DuckDuckGo and this very publication were quoted in a Fast Company story about Philadelphia rise as a tech city. More thoughts about the region’s growth through the lens of Philly Tech Week also came from philly.com.

Amy Banse, managing director of Comcast Ventures, spoke with Bloomberg Television about women executives and leaders in business. In the interview, Banse says “women work harder.”

First Round Capital participated in CustomMade’s $4 million round yesterday. Also, according to SEC filings, First Round Capital partners have raised $2.7 million.

GIVE A GLANCE

In case you missed it, we recapped Startup 101 a Tech Week event that focused on starting a new venture.

According to an internal report, the Northeast branch of Ben Franklin Technology Partners created or retained 658 Pennsylvania jobs in 2011.