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.
The New York Times was all over the Wharton Business Plan Competition this year. The Old Gray Lady said that life sciences were all the rage, though business services company Cortical Concepts won the $20,000 grand prize. As we know, $20,000 to a Wharton student is like $100 to the rest of us.
DreamIt Ventures is a week away from its “kickoff weekend.” But a few lawyer-types are jumping the gun tonight with the Law Firm Kickoff. The free event plans to explore how law firms will work with the incubated companies.
MIGHT BE WORTH YOUR TIME
According to the city’s WordPress blog, Philadelphia has been awarded a $25 million grant to retrofit city buildings to be more energy efficient. Two pieces of news here: the grant, and the fact that the city has a WordPress blog.
According to Citybizlist, BioNanomatrix has raised nearly $800,000. The company, based in the University City Science Center, received seed and Series A funding from Ben Franklin Technology Partners. According to the Form D filing (the SEC form that sometimes is filed to announce private equity) the company plans on raising as much as $4 million. See our previous coverage of BioNanomatrix.
GIVE A GLANCE
Safeguard Scientifics will announce its Q1 earnings on May 9th.
Xobni, the First Round Capital portfolio company and maker of social email plugins, has raised a Series C round of $16.2 million.
The Deal has a profile of Thoma Bravo, formerly of LLR Partners. No mention of the fact that Thoma Bravo is a wonderful alias for a superhero.
Comcast Interactive Capital is going to San Fran for the first annual Mobile Meets Entertainment Summit.
The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.-30-
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Bala Cynwyd firm PC Helps Support gets New York Times praise
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