VC Roundup: Diapers.com takes over the world, DreamIt's largest class ever - Technical.ly Philly

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Apr. 27, 2010 10:00 am

VC Roundup: Diapers.com takes over the world, DreamIt’s largest class ever

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.

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Updated: Clarified Osage Ventures partnerships.

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.

DEFINITE READS

PBJ reports that this year’s DreamIt Ventures class of 15 is its largest yet, thanks to a partnership with Brooklyn-based Startl. Five of the fifteen were from the New York fund. Last year Dreamit had 11 companies. Our buddy Peter Key also writes that Steve Barsh will be leaving the incubator to focus on Packlate.com. In a recent interview with Technically Philly, Barsh said he plans on “dedicating ten percent” to the incubator.

Diapers.com is having a hell of a month. The company just finished raising its Series E (!) round to help speed along its already-breakneck growth. The company, originally backed by MentorTech Ventures, is the largest online provider of baby care items in the country. The company has also recently received press in ForbesTechCrunch and the Financial Times. Fellas, you can now add Technically Philly to your list. You’re welcome.

MIGHT BE WORTH YOUR TIME

CityBizlist has unearthed a Form D filing for Radnor-based QR Pharma that indicates the company is on its way to raising $2 million. While BFTP was not included in the latest round it need grant the company  its initial $500,000 investment last year. BFTP often only grants money if it can be matched with other investors.

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Duke University has partnered with several VC firms to help improve the returns on its tech spinoffs. Included in the firms is Bala Cynwyd-based Osage Partners. Osage has also partnered with Penn.

Ever the Form D snoops, CityBizlist has also found that NuPathe has received an additional $10 million in funds. The company is backed by local firms such as BFTP, Safeguard Scientifics and SR One. Safeguard and Quaker were included in the latest round.

MentorTech Ventures is part of the $500,000 raised by Soft Tissue. The Connecticut-based company is working on regenerating ACL tissue in the human knee.

GIVE A GLANCE

NewSpring Ventures has invested in the Series B round of Xos, a sports media company based in Orlando. The investment amount was not disclosed.

Speaking of Dreamit, Mike Levinson is set to do a chat on Philly.com tomorrow. We love the Pulitzer Prize-winning Daily News with all of our hearts, but can we get a link in that tweet?

BFTP northeast has allocated roughly $400,000.

LLR Partners has named Jack Gavin as an operational partner. We love this move, but mostly because he is a Temple grad.

The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.

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