Children's Hospital of Philadelphia invests $50M in spinout company [Startup Roundup] - Philly


Oct. 23, 2013 9:01 am

Children’s Hospital of Philadelphia invests $50M in spinout company [Startup Roundup]

More details on Wash Cycle Laundry's latest round of funding, OneTwoSee gets featured in the Inquirer and LifeVest Health moves in with TicketLeap.


Wash Cycle Laundry raised $456,855, according to an SEC filing. The GoodCompany graduate that offers sustainable laundry service raised money from investors like Robin Hood Ventures and Investors’ Circle, founder Gabriel Mandujano told us.

The Children’s Hospital of Philadelphia committed $50 million to Spark Therapeutics, a spinout company of the hospital’s that recently launched, according to a release. Spark Therapeutics, which will be based in Philadelphia, is a gene therapy company that builds off of research being done at CHOP since 2004. CHOP also recently announced a partnership with Osage University Partners to increase the amount of investment behind its spinout companies.

IPR ZoneIT, a Wayne-based cloud services company, has raised a total of $1.9 million, according to an SEC filing.

Local Food Systems, a company that connects local food distributors with super markets and grocery chains using technology, raised $35,000, according to an SEC filing. The filing lists the company’s headquarters as Chestnut Hill.


LifeVest Health, the workplace wellness startup that relocated from Denver in January, has moved from coworking space Benjamin’s Desk to TicketLeap‘s office at 24th and Walnut, TicketLeap’s Beah Burger-Lenehan told us. TicketLeap had some extra room in its office so it decided to offer the space to a growing startup, Burger-Lenehan said. That building now houses TicketLeap, LifeVest, Curalate and what used to be Wharton‘s summer startup incubator for MBAs. LifeVest outgrew its space at Benjamin’s Desk, LifeVest’s Mike Logsdon said.


Speaking of TicketLeap, the ticketing startup is getting ready to launch its new event page for customers, which you can preview here. Burger-Lenehan calls the mobile version “a triumph.” Find it on your phone at


OneTwoSee, the Center City sports TV-companion app developer, was featured in the Philadelphia Inquirer in a story about how TV networks are working with tech companies to enhance the at-home viewing experience. OneTwoSee counts Comcast SportsNet (NBC Sports Group), FoxSports and the major Canadian TV providers as some of their 15 customers.


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