Snipi raises $2.5 million [VC Roundup] - Technical.ly Philly

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Nov. 8, 2011 8:30 am

Snipi raises $2.5 million [VC Roundup]

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.

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

According to SEC filings, Snipi, the Evernote-like site that allows user to “snip” content from around the web, has raised $2.5 million. We’ve reported on Snipi, previously. The company has already raised $700,000.

A lawyer with an office in Philadelphia has defrauded a venture capital firm in New York City, reports the Philadelphia Business Journal. The lawyer set up a shell corporation to funnel money which he used to buy 76ers tickets, among other things.

First Round Capital is among the firms listed in the Series A round of Agari. The email security company raised $2.5 million and will release its product later this month, according to TechCrunch.

MIGHT BE WORTH YOUR TIME

Comcast Ventures has invested in Iddiction, an app discovery, um, app. The seed funding round totaled $3.5 million.

First Round Capital was named among the many investors in Milk, the startup led by former Digg CEO Kevin Rose.

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Nathanael Lentz, managing partner at Osage Partners, was listed on an SEC filing for Pneuron, maker of product management software. Osage Ventures is also listed on a $4.5 million investment in Tangent Medical.

Frist Round Capital Charlie O’Donnell wrote a lengthy blog post about the current state of startups, focusing especially on the perceptions around the lack of Series A capital. “Are we in a bubble?  Is 2012 going to be 2000 all over again?  There are a few reasons to be concerned and some other reasons why perhaps we’re not so close to the edge,” writes O’Donnell.

GIVE A GLANCE

Edison Ventures has invested $6.5 million in CallCopy, a call center analytics company.

Ian Cassell of Seeking Alpha has a break down of Safeguard Scientifics, ICG Group and other incubator/investment companies with a market cap under $500 million.

 

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