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]
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
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.
WHO’S GETTING BUZZ
Ooooh, Tinder’s founder poached some Philly talent: Technical.ly Playbook
DreamIt Ventures launches an internship program with Coded by Kids [Startup Roundup]
Old City carpooling company behind Ride, vRide raises $5M [Startup Roundup]
Traffic.com cofounder raises $1.2M for digital marketing startup [Startup Roundup]
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