VentureWire is reporting that West Conshohocken-based angel investor First Round Capital closed on $9.74 million of $15 million for an annex fund to back its existing angel funding, according to a regulatory filing.
Investors of the reserve funding include Comcast Interactive Capital and West Conshocken-based TIFF Private Equity Partners. The annex fund will be used for existing companies in First Round’s portfolio.
First Round invests in seed-level start ups, including Mint.com, a popular online money manager, and Invite Media, a Center City-based online advertising innovator, among others.
We sure hope that the fire damage that Invite Media experienced earlier this month isn’t going to cost $9.74 million.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
SEPTA riders complain of more bus cancellations. Here’s why that’s a good thing for Philly transit.
The metrics and mechanics that get startups funded, according to 5 active investors
A sneak peek inside Penn Engineering’s new $137.5M mass timber building
