Monetate raises $5.1 Million in venture capital - Technical.ly Philly

Growth

Dec. 7, 2010 9:48 am

Monetate raises $5.1 Million in venture capital

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. DEFINITE READS Conshohocken-based Monetate has raised $5.1 million from First Round […]

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.

DEFINITE READS

Conshohocken-based Monetate has raised $5.1 million from First Round Capital, Floodgate Fund and other investors. The company helps large (mostly local) companies optimize websites through A/B testing and personalization. The company plans on more than doubling its staff with the investment.

In related news, one of the Form Ds for First Round’s third fund has hit the wire. The FormD, filed on December 1st, is for $742,500. The firm’s third fund was widely reported at $125 million.

MIGHT BE WORTH YOUR TIME

Invisible Sentinel, a bio tech company based in the Science Center that is working on food safety, has raised $2 million.

GIVE A GLANCE

There have been lots of rumblings lately about a new Internet bubble. However, there’s one big difference between the current “bubble” and the once in 2000: the last bubble was mostly publicly held companies, thus affecting the entire market. This “bubble” however is lead by privately held companies.

The Mid-Atlantic Angel Group has rearranged some of its leadership.

First Round Capital has invested in Single Platform, a service that helps restaurants enhance their digital presence. The 67th Ward-based company has a former Seamless Web VP on board.

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