(Photo by Mitchell Leff for the City of Philadelphia)
Two Philly-born startups are (re)presenting at Y Combinator’s summer demo day Tuesday.
The prestigious West Coast accelerator that’s graduated Dropbox, Reddit and Airbnb generally invests $120,000 for 7 percent equity.
One is Prayas Analytics, the analytics startup founded by recent grads. The other is Tesorio, a startup founded by Wharton MBA Carlos Vega and recent Penn grad (and PennApps Fellows organizer) Fabio Fleitas. Tesorio got $100,000 in funding from the city’s StartUp PHL angel fund last fall. The company helps vendors get paid faster.
The rest of Tesorio’s team, including COO Kimberly Gress (formerly of Boomi), works out of First Round Capital’s office in University City.-30-
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