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.
Benjamin Franklin Technology Partners (BFTP) named Omar Mencin manager of special projects, which involves overseeing BFTP’s involvement with the Project Liberty Digital Incubator, the Philadelphia Business Journal reports. The organization added two other managers to its staff: Jeffrey Rahm, who will work the Energy Efficient Buildings Hub, and Mark S. Trabbold, who will oversee the Delaware River Water Alliance.
GIVE A GLANCE
In other BFTP news, the state-backed agency is hosting a Marcellus Shale Coalition Technology Showcase on Wednesday at the Convention Center in partnership with Marcellus Shale Coalition Research Collaborative and Shale Gas Innovation and Commercialization Center, according to a press release.
Radnor-based medical device company Intellirad Control raised $5.3 million, according to an SEC filing. The company builds products to reduce the amount of radiation needed for certain procedures, says Intellirad CEO Steven Nichtberg’s LinkedIn page.
MIGHT BE WORTH YOUR TIME
Funding news about Young Alfred Inc.
Medtech startup Proscia raises $8.3 million for hiring push
Virion Therapeutics raises $4M to continue work on cancer, viral infection treatments
This apprenticeship program is opening the door for candidates with nontraditional backgrounds
Clients and community come first for Vanguard employees
Philly’s SRI Capital has a cool $100 million to fund enterprise tech
QuotaPath raises $1.5-million seed round to chase the sales software market
How AI can help humans, not replace them
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