Philly is the 9th best city for venture capital investment in startups [Startup Roundup] - Technical.ly Philly

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Mar. 6, 2013 8:30 am

Philly is the 9th best city for venture capital investment in startups [Startup Roundup]

Technically Philly’s Startup Roundup parses out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. Follow along with a weekly email newsletter by clicking here and selecting the Startup Roundup button or follow Startup Roundup’s RSS feed. If […]

At last year's Agility Summit, organized by Monetate. The company is currently gearing up for its 2013 Agility Summit. Photo courtesy of Monetate.

At last year's Agility Summit, organized by Monetate. The company is currently gearing up for its 2013 Agility Summit. Photo courtesy of Monetate.

At last year’s Agility Summit, organized by Monetate. The company is currently gearing up for its 2013 Agility Summit. Photo courtesy of Monetate.

Technically Philly’s Startup Roundup parses out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. Follow along with a weekly email newsletter by clicking here and selecting the Startup Roundup button or follow Startup Roundup’s RSS feed. If you’ve got news to share, get in touch.

WHO’S GETTING BUZZ

Philly is the ninth best city for venture capital investment in tech startups, according to Mashable’s story on data from the National Venture Capital Association. Not too shabby when you take into account how much of bootstrapping city Philly is.

Real Food Works, the Conshohocken healthy meal subscription service, gets featured on PhillyMag’s BeWellPhilly blog.

Learn some lessons from RJMetrics cofounders Robert Moore and Jake Stein, as well as DreamIt Ventures cofounder Steve Welchin this recap of Penn’s first student-organized Startup Unconference.

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Following Chris Stanchak‘s departure as Ticketleap CEO, new president Tim Raybould had a company powwow to figure out the startup’s core values. Read ’em here.

Local-ish startups Curalate and ElectNext, as well as accelerator DreamIt Ventures, are among the Philly attendees of this year’s SXSW.

WHO’S GETTING FUNDED

Safeguard Scientifics led a $6 million Series B round for Massachusetts-based Pneuron that helps enterprise companies develop applications (like Callowhill’s Cloudmine). Safeguard Scientifics, based in Wayne, Pa., invested $5 million and Osage Ventures, based in Bala Cynwyd, Pa., invested $1 million, according to a release.

Plymouth Meeting-based ADHD testing company BioBehavioral Diagnostics raised $500,000, according to an SEC filing.

Conshohocken’s Monetate raised a $15 million round, according to an SEC filing. The Philadelphia Business Journal has more on the deal here. The ecommerce optimization company was also a sponsor of last weekend’s Lady Hacks, Philly’s first women-only hackathon, and is planning for its third annual Agility Summit, which takes place this April in Philly.

 

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Juliana Reyes

Juliana Reyes has been covering the Philadelphia tech scene since 2012. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

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