MissionOG has been busy - Technical.ly Philly

Business

Feb. 9, 2016 11:12 am

MissionOG has been busy

The venture firm just closed a $35 million fund and continues to invest in local B2B companies.

From the MissionOG Facebook page.

(Courtesy image)

It was a busy fall for MissionOG.

Just last August, Technical.ly reported that the Center City venture firm had raised $19.3 million so far, up from the $9 million it had raised the year before. Now MissionOG is announcing the close of its first fund with $35 million in assets under management.

“We have benefitted from outstanding proprietary, high quality deal flow from our network,” MissionOG chairman and managing partner Gene Lockhart said in a press release. “This capital close allows us to not only support the growth opportunities within the current portfolio, but also invest in additional world-class companies.”

When asked what MissionOG’s next steps where and if there was a second fund opening in the near future, managing partner George Krautzel responded that “100 percent of our attention is on helping accelerate our portfolio companies to become great companies.”

Currently there are 11 companies in MissionOG’s portfolio. With a focus on early-stage, B2B-focused technology companies.

The portfolio includes a handful of Philly-area investments. MissionOG led a $3.35 million Series A for Conshohocken sales software startup Journey Sales in December. Other local companies in the MissionOG portfolio include PeopleLinx, Cloudamize and OneTwoSee.

Companies: MissionOG
-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

Data analytics startup Crossbeam just raised a $12.5M series A

Ben Franklin Tech Partners just invested $1.75M from its new GO Philly Fund

Haircare startup NaturAll Club is getting ‘a blank canvas’ in Bok building

SPONSORED

Philly

Why this dev planted roots at The Philadelphia Inquirer after starting her career abroad

Chesterbrook, PA

Deacom

Senior Software Developer

Apply Now
Philadelphia, PA

PromptWorks

Senior React Native Engineer

Apply Now
Philadelphia, PA

PromptWorks

Software Engineer

Apply Now

Philly startups need more early-stage investments to compete

Carisma Therapeutics raised nearly $60M in Series A funding. Now what?

Here’s how much venture capital Philly companies have raised so far in 2019

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Blue Bell, PA

Pinnacle 21

Senior Test Engineer

Apply Now
Philadelphia, PA

Technical.ly Match

Web Manager

Apply Now
Philadelphia, PA

PromptWorks

Senior Software Engineer

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!