Along with its recent funding of startups in other regions of Pennsylvania, Benjamin Franklin Technology Partners (BFTP) invested $1.375 million in seven companies based out of the Philadelphia suburbs, it announced Monday.
The companies range from a Doylestown company that provides tools for drilling companies working in the Marcellus Shale to a Bucks County company that makes dehydrated vegetable chips.
The state-backed economic development program has invested $4.7 million in 30 local startups in the 2012 fiscal year, Newsworks reported yesterday. Get more details on Newsworks and find the full list of startups on Flying Kite.
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.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Entrepreneurship unifies: Introducing a new podcast on ecosystem building
Federal grant freeze fire drill leaves orgs scrambling to brace for Trump-era priorities
GEMMABio rakes in $34M raise, a huge boost to the Philly life sciences scene
