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
Ben Franklin Technology Partners was feeling generous this week. The group announced that it plans on investing $250,000 in clean energy companies and then went and awarded $2 million to seven companies, including LoSo Inc. a mobile application development company.
First Round Capital was plenty busy this week investing in luxury goods “flash sale” company One Kings Lane, re-upping on demand taxi cab service Uber and watching one of its companies exit to Tremor Media.
Campus Sponsorship, a recent DreamIt grad, is looking to raise $750,000 according to a Form D filing. Edit: The first $5,000 was from friends and family and the group hopes to raise $100,000 in angel money.
Levvitown-based Peervyne, a startup that promises to revolutionize social networking has raised $100,000 according to a Form D filing.
MIGHT ME WORTH YOUR TIME
Peter Key writes about wining and dining at the Early Stage Venture Showcase. One of the presenters, Farid Naib was featured in a post about his company on Technically Philly yesterday.
West Philly-based mobile payments company eZuza has raised $837,000. There are already two major players locally in the mobile payments market: Venmo and XIPWIRE.
Someone on Quora wants to know the reputation of DreamIt Ventures. Speaking of Quora, Edison Ventures lets the world know that it is, in fact, looking to invest in financial services companies on the question and answer site.
GIVE A GLANCE
NY Convergence notices that Originate Ventures makes companies move to Philadelphia before giving them funding.
Safeguard Scientifics, a publicly traded private equity firm, is trading at 52-week high.
DreamIt Ventures is ready to party at South by Southwest … and in the 67th Ward.
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