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Jun. 5, 2012 8:35 am

First Round Capital behind early rounds in ThreadFlip, True&Co and Civitas Learning [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 A busy week for First Round Capital. The […]

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

A busy week for First Round Capital. The venture capital firm was part of a $6.5 follow-on round for Threadflip, an online clothing swap, TechCrunch reports.

TechCrunch reports that True&Co, which helps women find perfect-fitting bras using advanced algorithms, raised $2 million in seed funding from First Round Capital, SoftTech, Aileen Lee and Ellen Levy. First Round Managing Partner Josh Kopelman joined the company’s advisory board.

Grubwithus, a dining social network, has raised a $5 million Series A round, Forbes reports. The company’s seed round was backed in part by First Round.

Finally, the firm was part of a $4.1 million funding round in Civitas Learning.

MIGHT BE WORTH YOUR TIME

Safeguard Scientifics has added Keith B. Jarrett to its board, the Inquirer reports.

KeystoneEdge tips off a story about Philadelphia-based venture capital firms Meidlinger Partners and Enertech Capital, which have invested more than $400 million in water management technologies.

GIVE A GLANCE

Private Equity firm Patriot Financial Partners has brought on two senior-level executives, according to a report from the Philadelphia Business Journal. The firm invests in community banks and other financial service companies.

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Brian James Kirk

Brian James Kirk is a cofounder of Technical.ly, the local technology news network. Previously, Kirk was Web Editor of PlanPhilly, an independent online news resource covering planning and development issues in Philadelphia, and a freelance writer and designer. He resides in South Philadelphia.

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