Benjamin Franklin Technology Partners invests $260k in the Lehigh Valley [VC Roundup]

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

First Round Capital participated in a $9 million round for San Mateo, Calif.-based Jelli, a user-controlled radio, RBR reports.

GIVE A GLANCE

King of Prussia medical device company InSyte Medical Technologies raised $2.1 million, according to an SEC filing. The company develops devices that help deliver anesthesia for childbirth, according to Business Week.

Plymouth Meeting-based company BioBehavioral Diagnostics Company raised $2.4 million, according to an SEC filing. The company, which also has an office in Cambridge, Mass., develop technology surrounding ADHD.

Venture capitalists from Philly and the rest of the East Coast gathered in Washington Square West last week for Early Stage East‘s Club Pitch Philly 2012, we reported last week.

MIGHT BE WORTH YOUR TIME

Benjamin Franklin Technology Partners of Northeastern Pennsylvania recently announced a $260,000 investment in the four businesses in the Lehigh Valley, including ZeroTruck Corporation, a “next-generation electric drive integration system,” and SuccessTSM LLC, a “disaster recovery management software tool.”