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
DogVacay, which announced a $1 million seed round lead by First Round Capital in March, has Philly roots, it turns out. The Inquirer’s Jeff Gelles covers the story here.
Comcast Ventures managing director and head of funds Amy Banse has joined Adobe’s Board of Directors. [h/t PhillyTechNews]
MIGHT BE WORTH YOUR TIME
First Round Capital backed a $6.5 million Series A round for AxialMarket, an online hub for private financial transaction, Forbes reports. The firm has also continued to support ModCloth in the company’s latest $25 million round.
According to CityBizList, First Round has also backed a $1.5 million Series A round for elicit, a search company for private websites based in Chicago.
Edison Ventures has led a $7.5 million growth round for Vox Mobile, a managed mobility solutions suite.
GIVE A GLANCE
Well-known VC Fred Wilson of Union Square Ventures says that the firm invested in local search firm DuckDuckGo for “the Internet anarchists, people that hang out on Reddit and Hacker News.”
Good Company Ventures is profiled on a Forbes contributor site. [h/t PhillyTechNews]
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