Osage Ventures raises $66M fund // InstaMed raises $1.5M // BFTP should be better funded, one CEO says [Startup Roundup] - Technical.ly Philly

Growth

Feb. 6, 2013 8:30 am

Osage Ventures raises $66M fund // InstaMed raises $1.5M // BFTP should be better funded, one CEO says [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 Startup Roundup’s RSS feed. If […]

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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.

WHO’S GETTING FUNDED

Osage Ventures raised a $66 million fund, the Philadelphia Inquirer reported. It’s the Bala Cynwyd-based investment firm’s third fund.

InstaMed, a Center City-based healthcare payment company, raised $1.5 million, according to an SEC filing. The funding will be used for equipment to expand its private cloud, said president and CEO Bill Marvin through a spokeswoman. Since 2004, the company has raised more than $35 million, Marvin said. [Updated 2/7/13 to include more information on the funding]

Real Food Works, the Conshohocken-based healthy eating startup from Lucinda Duncalfe formerly of Turntide, raised $50,000, according to an SEC filing. The company hopes to raise $1 million.

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In an interview with the Philadelphia Business Journal, Michael Heller, the new CEO of high-profile law firm Cozen O’ Conner, said that state-backed fund Benjamin Franklin Technology Partners shouldn’t have it’s funding cut by the budget strapped state government, because of the jobs it brings to the region. “It should have it increased,” he said.

Comcast Ventures participated in a $35 million Series C round for Houzz, a home design platform based in Palo Alto, Ca., the Washington Business Journal reported.

Don’t forget: The last day to send in applications for DreamIt Health, DreamIt Ventures’ health accelerator, is Feb. 8.

WHO’S MAKING MOVES

Food truck finder startup TruckyLove has pivoted to Locally.fm, a local discovery app. The team of two is located in Callowhill coworking space Venturef0rth, according to a tweet.

Conshohocken-based vacation rental listing startup PackLate shuts down, as we reported this week, and offers advice to entrepreneurs based on its experiences.

Kwelia, the real estate software startup and DreamIt Ventures grad, will be going live with its service in the next six months, CEO John Njoku told the Philadelphia Daily News. Kwelia spent some time in Chile with a startup accelerator and is now at coworking space Benjamin’s Desk in Rittenhouse Square. It was also recently featured in the Wall Street Journal, but the story is behind a paywall.

Data science startup Metalayer was recently accepted to an enterprise business accelerator in Washington, D.C. and received a $30,000 investment as part of the program, we reported this week.

WHO’S GETTING BUZZ

Check out what RJMetrics‘ cofounder Robert Moore looks for in an investor over at ReadWriteWeb. Moore also has a guest post on how to “stop running pointless A/B tests” over at TechCrunch.

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