Startups

BFTP invests $1.8 million in nine companies

Ben Franklin Technology Partners, the state-funded early stage and angel investment organization based in the Navy Yard, has announced nine new investments in local companies. Here they are below, separated into industry for your reading convenience: TECH: Snipi – $150,000. Snipi is an Evernote-like repository for links and other content to be shared over social media. As told […]

Ben Franklin Technology Partners, the state-funded early stage and angel investment organization based in the Navy Yard, has announced nine new investments in local companies. Here they are below, separated into industry for your reading convenience:
TECH:

  • Snipi$150,000. Snipi is an Evernote-like repository for links and other content to be shared over social media. As told to Technically Philly in a Q&A last May, the company is focusing on e-commerce shoppers.
  • First Flavor – $100,000. The “taste marketing” company makes edible stripes to be included in magazine advertisements and other formats.
  • Document Depository Corporation – $100,000. Document Depository Corporation is an online document viewer with an emphasis on security for legal and financial materials. In the past, BFTP has funded Vuzit, another online document viewer.
  • Click Equations – $50,000. Hemled by Turntide vet Lucinda Holt, Click Equations creates tools that manage paid search campaigns. Read our September 2009 feature on the company for more.
  • Advanced Mobile Solutions – $125,000. AMS is a mobile marketing developer. According to a press release, the company’s most popular application is Cars2Go, an app that helps connect dealers with customers. The app allows users to browse inventory and also provides each dealership with the ability to receive text message coupons. AMS also makes similar applications for the real estate industry.

PHARMA/GREEN:

Companies: Ben Franklin Technology Partners / ClickEquations / Document Depository Corporation / First Flavor / Snipi / Vuzit
Projects: Ben Franklin Technology Partners / ClickEquations / Document Depository Corporation / First Flavor / Snipi / Vuzit / Philadelphia Navy Yard
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