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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