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.
GoodCompany Ventures is kicking off a handful of events up and down the east coast to discuss the social good of entrepreneurship and to raise awareness about the fund’s 2010 incubator. First up: The 67th Ward. The panel will be moderated by Fred Wilson, founder of Union Square Ventures and well-read VC blogger. The fund promises Technically Philly that a Philly event is in the works, but for now we’ll be at the NYC edition. So if you managed to snag tickets, be sure to say hello.
Tengion, a Quaker BioVentures backed company is raising money for an IPO.
ETF Ventures has changed its name to SeventySix Capital. Presumably because of the company’s West Conshohocken location right off of the Schuylkill Expressway. Or, as another theory suggests, they’re big basketball fans.
MIGHT BE WORTH YOUR TIME
Voices of Central PA laments the cutbacks in Small Business Development Centers with a nod to the impact of Ben Franklin Technology Partners.
Philly Startup Leaders founder and former TicketLeap employee Blake Jennelle thinks it’s kind of messed up that the Angel Venture Fair didn’t use locally-based TicketLeap, instead opting for the service’s biggest competitor: Eventbrite. “Maybe Event Brite is TicketLeap’s biggest competitor for a reason?” writes event director Valerie Gaydos in the Facebook argument. Ouch.
GIVE A GLANCE
Tomorrow is the deadline for DreamIt Ventures’ #DreamItPitch contest. The incubator will give $1400 on the best pitch contained in a tweet. Somewhere, 17-year-old Sean Blanda is crying over the fact that he had to work a month-and-a-half at Burger King for that kind of cash.
First Round has redesigned its homepage to contain a “lifestream” of company activity. It’s only a matter of time before the company will begin sending you Farmville spam. In other news: DreamIt also recently received a facelift.
Safeguard Scientifics will be announcing its earnings on March 11. Be sure to ask your block captain for your VC earnings party kit.
The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.
Funding news about Young Alfred Inc.
Medtech startup Proscia raises $8.3 million for hiring push
Virion Therapeutics raises $4M to continue work on cancer, viral infection treatments
Why Deacom’s team prioritizes collaboration and continuous improvement
Clients and community come first for Vanguard employees
Philly’s SRI Capital has a cool $100 million to fund enterprise tech
QuotaPath raises $1.5-million seed round to chase the sales software market
Engineers have Vistar Media’s Philly office all to themselves
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