Welcome to the VC Roundup, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.
MUST READS
In the past fiscal year, Temple University has received nearly $2.5 million — an all-time high — from 24 licensing agreements for technology developed by Temple researchers, Temple University’s University Communications reports. That’s up from $1.2 million in licensing revenue from the fiscal year 2010-2011. The report points to support from firms like Benjamin Franklin Technology Partners and BioStrategy Partners who have invested $550,000 in Temple over the past year.
MIGHT BE WORTH YOUR TIME
Wayne-based Business Intelligence International recently raised $375,000, according to an SEC filing. The firm owns Alignalytics, a company that advises on topics like IT management and risk and performance management.
Two state representatives in the Philadelphia suburbs held a hearing on job creation and innovation in the life science and tech sectors, Main Line Media News reports. The experts who spoke at the hearing frequently mentioned Benjamin Franklin Technology Partners as a crucial part of Pennsylvania’s bio-tech sector, the report said.
First Round Capital participated in a $5 million round for San Francisc0-based Pocket Change, a virtual currency startup, TechCrunch reports.
Comcast Ventures was one investor in DocuSign‘s recent funding announcement. The electronic signature firm raised $47.5 million, according to a press release. Kleiner Perkins Caufield & Byers led the round.
GIVE A GLANCE
The Philadelphia Business Journal named Safeguard Scientifics’ Stephen Zarrilli CFO of the Year. The Wayne-based firm will also release its second quarter financial report later this month, according to a press release.
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