SeventySix Capital portfolio company Xtify gets acquired by IBM [Startup Roundup] - Technical.ly Philly

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Oct. 9, 2013 8:30 am

SeventySix Capital portfolio company Xtify gets acquired by IBM [Startup Roundup]

Yorn focuses on healthcare, Osage University Partners makes two investments and an SEC filing reveals more details about Clutch's recent acquisition.

WHO’S GETTING FUNDED?

Osage University Partners participated in an $11.8 million Series A round for Evolve Technologies, a Seattle-area metamaterials company, and in a $45.9M Series C round for San Diego-based Ottonomy, which develops inner-ear drugs.

Osage University Partners, an arm of the Bala Cynwyd-based VC Osage Partners, focuses on startups commercializing university research. It recently announced a partnership with the tech transfer office of the Children’s Hospital of Pennsylvania.

IBM acquired New York City mobile company Xtify, a portfolio company of Center City-based SeventySix Capital led by Wayne Kimmel, according to a release. Terms of the deal were not disclosed. This is the third exit from Kimmel’s current fund, according to an email from SeventySix Capital.

First Round Capital once again invested in True and Co., the San Francisco-based bra retailer. The company raised $4 million, TechCrunch reported.

WHO’S MAKING MOVES?

Yorn, the real-time feedback platform based in Center City, has shifted its focus to healthcare. It recently announced a partnership with Penn Medicine, whose patients will be able to use Yorn to provide feedback on their experience. Read more on the Inquirer. Yorn CEO Rick Rasansky has also been speaking at healthcare IT conferences in Silicon Valley, a spokeswoman told us.

Ten Chief Marketing Officers of Fortune 100 companies don’t have LinkedIn, according to a report by PeopleLinx, the Center City LinkedIn analytics and strategy company. Check out the whole report here.

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WHO’S GETTING BUZZ?

Cloudamize, the Amazon Web Services analytics company in Center City that recently raised $1.2 million from local investors, was featured in the Daily News.

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