Instamed raises $14 million, plus rounds from Virtual Piggy, konciergeMD, HigherNext and more [Startup Roundup] - Technical.ly Philly

May 30, 2012 8:30 am

Instamed raises $14 million, plus rounds from Virtual Piggy, konciergeMD, HigherNext and more [Startup Roundup]

Technically Philly’s Startup Roundup parses out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. Follow along with a weekly email newsletter by clicking here and selecting the Startup Roundup button or follow […]

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Technically Philly’s Startup Roundup parses out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. Follow along with a weekly email newsletter by clicking here and selecting the Startup Roundup button or follow Startup Roundup’s RSS feed. If you’ve got news to share, get in touch.

MUST READS

InstaMed, the cloud-based platform hoping to simplify the payment process behind-the-scenes of healthcare, has announced a $14 million funding round. Local Osage Partners participated in the round, the Inquirer reports. Forbes points out that many of the company’s previous funders are likely to be participating, including, possibly, Ben Franklin Technology Partners, NJTC Venture Fund, U.S. Bank and Ashby Point Capital.

Virtual Piggy, which is developing a safe platform for children to purchase goods online has raised a total of $7.2 million in a recent round, according to SEC filings posted last week and last month. The Business Journal’s Peter Key covered the company’s funding round in early May, pegging it at around $6 million, before the most recent filing.

DocVue Inc., the West Chester-based company which operates konciergeMD and is hoping to innovate around the doctor-patient relationship, has raised $1.3 million on a $2 million round, according to an SEC filing posted last week. The company raised $890,000 in November.

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And don’t miss a well-produced video of Startup Weekend Philadelphia, below.
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GIVE A GLANCE

HigherNext, formerly known as GF Education Group, Inc., which is trying to create a standardized test for the corporate world that it calls the “Certified Business Laureate Program,” has raised $125,000 according to an SEC filing.

Quewey, the business Q&A site based in Rittenhouse is trying to raise $2 million, and has sold $100,000 of the round thus far, according to an SEC filing.

Glenside’s Local Food Systems Inc. is trying to raise at least $1 million, according to an SEC filing posted last week. The company hopes to bring technology to local, sustainable food choices.

As we mentioned on Monday, 22 Philadelphia companies received a total of $142 million in venture funding, putting the region 10th nationally. [h/t CityBizList]

MIGHT BE WORTH YOUR TIME

Comcast Ventures led a $12 million round announced last week for Pittsburgh-based BodyMedia, TechCrunch reports.

TheStreet.com covers DuckDuckGo, which inspired what Weinberg calls “the most vitriolic” he’s ever seen about the company on Hacker News. WebProNews also covers the company.

RJMetrics makes the Sunday Times.

WizeHive announced a partnership with Startup America and Acceleprise, an accelerator program that will choose 6 companies each of which will receive $30,000 seed investments and a slew of services. Deadline is June 8.

ElectNext‘s story is covered on EntrepreneurStories.

General Assembly will host an event focused on the “the art of business development” with TicketLeap and Lokalty, the first of the New York City-based event series here in Philly.

Monetate has an infographic about online shopping card abandonment and ways to avoid it.

We covered it last week, but don’t miss CloudMine‘s story on how an angel investor saved the company.

Startup Roundup will post weekly on Wednesdays until there’s not a Philly startup story left to link to on the Internet. See others here, or sign-up for its email newsletter.

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