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.
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.
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.
Why University of the Arts just opened a ‘highly customizable’ tech research center
Coworking, culture and workplace hacks: December is Office Trends Month
Media Mobilizing Project is launching an online archive of Philly’s social justice movements
How ShopRunner’s mentorship program is pushing its employees to think beyond their fields
Ben Franklin Tech Partners just pumped more than $1M into these local companies
This Week in Jobs: Give yourself a round of applause
‘Do not fall for symbols of success’: 4 big quotes from Founder Factory 2019
How Relay is helping enterprise clients get proactive about customer engagement
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