Versify: Glen Mills power industry SaaS startup raises $400k [VC Roundup] - Technical.ly Philly

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Nov. 20, 2012 8:30 am

Versify: Glen Mills power industry SaaS startup raises $400k [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 First Round Capital was all over the news […]

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

First Round Capital was all over the news this week. The firm participated in a $2 million round for San Francisco-based marketing platform SocialWire, VentureBeat reported, as well as a $9 million series A round for New York City-based content curation startup Percolate, BetaBeat reported.

BetaBeat named First Round Capital partner Phineas Barnes one of 2012’s “Tech Insurgents.” Barnes was one of the first employees at sports clothing brand And1, which was originally based in Paoli, Pa.

First Round managing partner Josh Kopelman was quoted in a Bloomberg BusinessWeek story about a possible ecommerce bubble.

First Round Capital was also featured in the Daily Pennsylvanian, which highlighted the firm’s Dorm Room Fund and its new event-oriented University City space.

GIVE A GLANCE

Glen Mills, Pa.-based Versify, a software and services company for the power industry, raised $406,256, according to an SEC filing.

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Hackensack, N.J.’s LiveU, which CityBizList calls “a leader in portable video-over-cellular solutions,” just closed a $27 million round of funding, CityBizList reported. The round was led by Lightspeed Venture Partners.

MIGHT BE WORTH YOUR TIME

The Philadelphia Business Journal has a feature on the growing business accelerator sector and gets DreamIt Ventures‘ managing partner Kerry Rupp input about the issue [behind a paywall].

Allentown, Pa.-based air purification equipment company LifeAire Systems won Benjamin Franklin Technology Partners‘ startup showcase Ben Franklin Venture Idol, Melodika reported.

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