DailyWorth Raises $850k, Osage raises $100 million - Technical.ly Philly

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Mar. 8, 2011 8:30 am

DailyWorth Raises $850k, Osage raises $100 million

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.

 

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.

MUST READS

DailyWorth, the personal finance newsletter for women that we covered last year, has secured $850,000 in Series A funding. When we spoke to founder Amanda Steinberg for the story she was on her way to New York City to present to venture capitalists. According to the release, the round was led by local angel investment group RobinHood Ventures. Other participating firms include TomorrowVentures, Social Leverage, 500 Startups, Venture51, and Investors’ Circle. Individual investors include Joanne Wilson, David Cohen, Invite Media co-founder Scott Becker, and Carol Chow.

Tom Paine of Philly Tech News notices that Accel Partners lists Venmo has a portfolio company, despite there being no official announcement of any investment. Also from PTN: Morgan Lewis attorney Stephen Goodman is listed as an investor in cWyze.

Osage Ventures has raised a $100 million fund. According the the Inky, the fund will focus on partnering with universities, including the University of Pennsylvania and Yale University. The fund wasted no time, investing in a North Carolina-based pharma company.

MIGHT ME WORTH YOUR TIME

According to SEC filings, Able Imaging has raised $500,000. The company provides media imaging technology.

Going to Austin for SXSW? DreamIt Ventures, is throwing a shindig.

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Genacast Ventures and Comcast Interactive Capital are among the firms participating in SeedStart Media 2011, yet another incubator in New York City. This one, however, is focusing on digital media, advertising and e-commerce.

GIVE A GLANCE

First Round Capital has continued its investment in Knewton, a online education company.

Speaking of First Round, the company is among the firms that have invested $6 million in Gigya, a company that helps businesses connect to social networking sites.

Joe DiStefeno tells us about Maverick Network Solutions, the company that received investment from a handful of Philly firms while screwing the Delaware taxpayers.

 

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