DreamIt Ventures raises $50M fund [VC Roundup] - Technical.ly Philly

Business

Oct. 16, 2012 8:30 am

DreamIt Ventures raises $50M fund [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. MUST READS DreamIt Ventures is raising a $50 million fund, […]

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

DreamIt Ventures is raising a $50 million fund, according to an SEC filing. So far, the accelerator has raised $1.45 million. The fund will be used for follow-on financing for DreamIt companies, MedCity News reports.

First Round Capital participated in a $6 million round for UrbanSitter, a San Francisco-based service for parents to find babysitters, TechCrunch reports. First Round also launched HackPR, a product to connect journalists and startups, we reported last week.

GIVE A GLANCE

Former Daily News editor Larry Platt again gives nods to local venture capitalists in his Philadelphia Inquirer column. This week, he writes about Wayne Kimmel‘s Conshohocken firm Artists & Instigators and its recent partnership with “hip-hop fashion icon and entrepreneur” Mark Ecko.

Safeguard Scientifics says “aggregate revenue for its partner companies will be in the range of $185 million to $190 million,” the Philadelphia Inquirer reports. The firm also led a Series C round of financing for Exton, Pa.-based ThingWorx, according to a release.

Advertisement

King of Prussia clinical payment technology company Greenphire has raised $4.3 million, according to an SEC filing.

MIGHT BE WORTH YOUR TIME

Edison Ventures sold Wayne, Pa.-based Octagon Research Solutions to Accenture for an undisclosed sum, PEHub reports.

Comcast Ventures helped judge a health IT startup showcase thrown by Morgenthaler Ventures and Health 2.0, TechCrunch reports.

Governor Tom Corbett visits Benjamin Franklin Technology Partners’ TechVentures incubator, Keystone Edge reports.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

First Round Capital increases its fund by $158 million [VC Roundup]

Safeguard Scientifics sees lower valuations, bigger 3Q loss [VC Roundup]

Benjamin Franklin Technology Partners invests $260k in the Lehigh Valley [VC Roundup]

SPONSORED

Philly

This apprenticeship program is opening the door for candidates with nontraditional backgrounds

Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineers

Apply Now
Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now

Intact Vascular in Wayne raises $15.5M from Quaker Ventures, others [VC Roundup]

DreamIt Ventures named one of the country’s top accelerators [VC Roundup]

First Round Capital closes $135 million fund, Audience Partners and Agilence raise private equity rounds [VC Roundup]

SPONSORED

Philly

How AI can help humans, not replace them

Philadelphia, PA

Linode

Software Development Engineer in Test

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!