WHO’S GETTING FUNDED?
NewSpring Capital participated in a $15.65 million in VidSys, a Vienna, Va.-based company that provides security software, according to a release. VidSys has another link to Philadelphia: the company was asked to testify as City Council about surveillance cameras after City Council visited Baltimore to see its “CitiWatch” surveillance camera system.
Safeguard Scientifics sees the potential for two exits this year, according to a report from MedCity News. The venture capital firm is eyeing NuPathe, a publicly-traded Conshohocken-based pharma company whose next product is slated to hit the market in the fourth quarter, and PixelOptics, a Virginia-based business that’s developing electronic eyeglasses.
Speaking of Safeguard, the venture capital firm and PR firm Gregory FCA named the winner of its “Best Unknown Businesses in America” contest and a Horsham company came out on top: mobile recruitment platform iMomentous.
WHO’S MAKING MOVES?
Autism Expressed, the platform that teaches digital literacy to Autistic students, launched its product for parents and organizations, according to a release. Previously, the product was only available to larger organizations. Before this launch, there was a waiting list of about 200 parents and organizations that wanted to use the product, said founder Michele McKeone.
Co-Ed Supply, the monthly college “survival kit,” has started taking orders for the fall semester. Launch partners include Epic Records’ artist Wallpaper, Olay, Nature’s Bakery, Hello Products and Perky Jerky, said cofounder and Wharton MBA student Marissa Hu. The company is currently participating in the Brandery accelerator program in Cincinnati, Ohio. In Philadelphia, the two-person team works out of Wharton’s 2401 Walnut Street incubator space.
Firefly, the cobrowsing startup founded by Penn grads, announced a partnership with live chat tool Olark. Its software is now live with Olark’s more than 5,000 customers.
WHO’S GETTING BUZZ?
DreamIt Health, DreamIt Ventures‘ healthcare-focused accelerator program, had its demo day last week. Find our story here on why most of the startups already had pilot programs and customers using their products.
The startups have also seen their fair share of national press: hospital communication tool Seratis was featured on TechCrunch, as was Stat, or “Uber for emergency medical transport.” Virtual health insurance card Medlio was featured on GigaOM and Osmosis, which helps medical students learn and retain information, was featured on Quartz and FastCoLabs.