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

Business

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.

WHO’S GETTING FUNDED?

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.

WHO’S MAKING MOVES?

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.

Advertisement

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 events.ticketleap.com.

WHO’S GETTING BUZZ?

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.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

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]

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Chesterrbrook, PA

Deacom

Software Quality Analyst

Apply Now
Philadelphia

Vistar Media

Front End Engineer

Apply Now
Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Neat Company to be featured on Celebrity Apprentice [Startup Roundup]

See who’s winning Spotlight’s $10K ‘Internet Games’ [Startup Roundup]

‘Netflix for camera lenses’ Bokeh Fire is raising $20K on Kickstarter [Startup Roundup]

SPONSORED

Philly

Verizon is looking for the brightest ideas on how to use its 5G technology

Philadelphia, PA - Center City

Odessa

Sr. Project Manager

Apply Now
Philadelphia, Pa

Inspire

Event Sales Ambassador

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!