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

Business

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.

WHO’S GETTING FUNDED?

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.

WHO’S MAKING MOVES?

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.

Advertisement

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.

 

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Why working with the University City Science Center was a game changer for 4 Philly startups

Join the team behind a reimagined approach to consumer finances

In Philly, less than a fifth of all VC dollars go to women-founded companies

SPONSORED

Philly

Why working with the University City Science Center was a game changer for 4 Philly startups

Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineer

Apply Now
Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now

South Jersey’s Wodify hops across the Delaware, moves HQ to Center City

Orai lands $2.3M seed round led by Comcast Ventures

Live Philly wants to liven up your weekend

SPONSORED

Philly

Take a peek at the opportunities popping up at PromptWorks

Philadelphia, PA - Center City

Odessa

Sr. Business Analyst – Bilingual (Spanish)

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now
Philadelphia, PA

Linode

Software Development Engineer in Test

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!