Business

Aug. 28, 2012 8:30 am

DreamIt Ventures named one of the country’s top accelerators [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 Local accelerator DreamIt Ventures was named […]

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

Local accelerator DreamIt Ventures was named #11 on a list of the top 15 accelerators in the country, compiled by a researcher from Northwestern University and the director of Texas venture capital firm DFJ Mercury, reported Tech Cocktail, a media partner on the study. Learn more about the methodology for the rankings here.

DreamIt Ventures, which has programs in New York, Israel and now, Austin, will kick off its Philadelphia cycle next week. Here’s a peek at Betterific, one of the startups chosen to participate in the class, as featured on Tech Cocktail. Betterific, based in Washington, D.C., uses Reddit-like social voting to deliver customer feedback to brands.

GIVE A GLANCE

Osage Ventures, an early-stage funding firm based in Bala Cynwyd, Pa., is raising its third fund, according to an SEC filing. So far, it has more than $45 million committed.

Robin Hood Ventures, the angel investor group based out of the University City Science Center, participated in a $625,000 debt financing of  OneTwoSee, the local startup that creates companion TV programming for mobile devices, the Philadelphia Business Journal reported. Benjamin Franklin Technology Partners of Southeastern Pennsylvania and the Mid-Atlantic Angel Group also participated.

Bikesharing startup Zagster, who is headquartered in Cambridge, Mass. but has an office in the Baiada Institute for Entrepreneurship at Drexel, raised $700,000, according to an SEC filing.

MIGHT BE WORTH YOUR TIME

BARD Holding, Inc., a Bucks County-based company that’s developing a system to cultivate algae for its use as fuel, raised at least $1 million, according to an SEC filing.

Radnor pharmaceutical company Novira Therapeutics raised $23 million in series A funding for the development of antiviral drugs, according to the Philadelphia Business Journal. Mid-Atlantic Angel Group and Robin Hood Ventures, among other firms, participated in the round.

Benjamin Franklin Technology Partners invested $250,000 in Drakontas, the Glenside-based company that develops software for public safety operations, Keystone Edge reported. The particular Drakontas program in which BFTP invested originated at Drexel University, a program Technically Philly covered in December.

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Juliana Reyes

Juliana Reyes began as lead reporter at Technical.ly Philly in July 2012. Previously, she was a city services beat reporter for the Philadelphia Daily News, as part of a project called “It’s Our Money.” She is learning to drive, learning to bike (in the city) but is an expert at taking SEPTA. She grew up in North Jersey and Manila, Philippines but she left the tropics for Bryn Mawr College, where she majored in linguistics. She now lives in West Philly.

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