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.
Although its closed to the public, we’d be remiss not to mention that tomorrow is DreamIt Ventures’ Demo Day, when all of the incubated companies present what they’ve been working on. Typically Demo Day is used by the companies to launch products or solicit funding, but some members of this current batch of companies are already well past that. Spling, which was covered (less than favorably) on TechCrunch yesterday, has already announced VC funding. ElectNext launched its first iteration for the elections this year and Cloudmine has been powering hackathons, Startup Weekends and mobile apps for months.
At IMPACT last week, KPMG announced the results of its survey of tech companies and investors. In short, tech companies are growing, hiring and focusing on mobile. Mike Armstrong has the details.
As we reported last week, AboutOne the “Basecamp for families” has raised $1.6 million from Golden Seeds.
Newton Square-based DocVue has raised $890,000. We couldn’t find a web page for the site, but the LinkedIn page of CEO and Founder Vijay Khanna says the company is an “innovative solution that harnesses the power of the provider-patient relationship.” Khanna is also a partner at Radnor-based GIV Venture Partners.
AFCell Medical: Wayne-based biotech company raises $1M [VC Roundup]
Safeguard Scientifics leads $8.7M round for NYC’s AppFirst [VC Roundup]
InsPro Technologies: Eddystone-based insurance software company raises $1.5M [VC Roundup]
Why working with the University City Science Center was a game changer for 4 Philly startups
Penn (still) has high rate of alumni entrepreneurs leaving the region: report [VC Roundup]
Smaller VCs have tough time raising capital as VC funding falls 12% in last quarter [VC Roundup]
BFTP adds new manager for Project Liberty Digital Incubator [VC Roundup]
Take a peek at the opportunities popping up at PromptWorks
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