Safeguard CEO is new BFTP chairman [Startup Roundup] - Philly


Jan. 2, 2014 8:00 am

Safeguard CEO is new BFTP chairman [Startup Roundup]

Osage University Partners participates in a $12 million series B for a Cambridge software company, SnipSnap dreams of coupons by drone and a Center City medical device company raises $10 million.


Osage University Partners participated in a $12 million Series B for Cambridge, Mass.-based storage performance acceleration software company Infinio, according to a release.

Callowhill couponing app SnipSnap raised $460,000, according to an SEC filing.

Wayne-based medical device company Intact Vascular raised $4.6 million, according to an SEC filing.

Echo Therapeutics, a Center City medical device company, raised $10 million, according to an SEC filing. The investment comes from a Chinese deal, the Business Journal reported.

First Round Capital participated in a $60 million round for New York City-based (and Wharton-founded) eyewear retailer Warby Parker, according to the Wall Street Journal.


Seed Philly, the Center City incubator, received nonprofit status, according to founder Brad Denenberg. Seed Philly applied for nonprofit status two years ago, when it originally launched, Denenberg said, in order to be able to accept tax deductible donations. This isn’t an uncommon move for organizations that receive significant funding from government or other economic development sources. Seed Philly is currently home to 12 companies and five or six contractors, Denenberg said.


SnipSnap‘s Christmas wish? Coupon delivery by drone. Watch their video below.

Stephen Zarrilli, president and CEO of Safeguard Scientifics, is the new chairman of Benjamin Franklin Technology Partners‘ board, according to a release. The board elected a new vice chairman, as well as three other new members.



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