Edit: Removed old Safeguard news.
Welcome to the VC Round-up, 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
MentorTech Ventures has led a $1.1 million Series A round for SeniorHomes.com, a site that helps people search for nursing homes and similar housing. MentorTech primarily invests in companies with founders and senior staff that have some connection to the University of Pennsylvania. CEO Chris Rodde went to Wharton and subsequently wrote a post on TechFlash about raising the cash.
NuPathe, the pharma company focusing primarily on drugs that are absorbed through the skin, continues its quest to take over the world by announcing an IPO. See our previous coverage here including an interview with CEO Jane Hollingsworth.
MIGHT BE WORTH YOUR TIME (SAFEGUARD EDITION)
Swaptree, a Boston-based site that allows its user to trade items like books and DVDs, has raised $6 million led by Safeguard Scientifics.
Oh, and somewhere between all that funding Safeguard CFO Stephen T. Zarrilli got a moment to discuss the company’s investment strategy in a video on Safeguard’s blog. If you would have asked us, we would have guessed “making money.”
GIVE A GLANCE
Stickybits, a company that allows users to attach data to scannable barcodes welcomed First Round as an investor for its latest $1.6 million “seed plus” round.
Netta Marshall gets locked outside First Round’s San Fran branch. We hope someone let her in.
The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.
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