VC roundup: Comcast invests in Flipboard, FRC could have invested in Twitter - Technical.ly Philly

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Apr. 19, 2011 8:00 am

VC roundup: Comcast invests in Flipboard, FRC could have invested in Twitter

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 National Q1 venture capital numbers are out. In […]

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

National Q1 venture capital numbers are out. In short: compared to Q1 last year, Philly had less deals but more total invested.

Comcast Interactive Capital has invested in Flipboard, the iPad application that forms content into a magazine-like interface. The round was for $50 million at an $200 valuation.

Philly Tech News has a break down of the latest First Round Capital exit. Portfolio Company Jingle Networks has been acquired by Marchex for $62.5 million. The only problem? Jingle had over $90 million of VC money invested.

Josh Kopelman reveals that First Round Capital could have invested in Twitter. Whoops.

MIGHT BE WORTH YOUR TIME

According to an SEC filing, Radnor-based insurance software company Unirisx has raised $1.4 million. The company had previously raised $5.3 million in July 2009 when it was acquired by a “seasoned investor consortium.”

Longevity Biotech has raised $170,000. Information is scarce on the company which, based on the SEC filing, looks like it’s based out of the University City Science Center.

Morristown-based CareKinesis has raised a $3 million second round of funding from local investors Originate Ventures and Emerald Stage2 Ventures.

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GIVE A GLANCE

Safeguard Scientifics will release its Q1 finanical data on April 27th.

First Round is among the investors named in Bamboom’s $4.5 million round. The company, which provides live TV infrastructure is a bit of a departure from the typical First Round strategy. The fund typically invests in smaller seed rounds.

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