WHO’S GETTING FUNDED?
Y-Prime, a Malvern-based clinical trial software company, raised $2.5 million, according to an SEC filing. According to the filing, board members (and presumable investors) include Boston-based president of Chinese clinical research organization WuXiPRA, James Pusey, NYC-based investor Liz Tallett and Florida-based Ballast Point Ventures’ Matt Rice.
Edison Partners portfolio company Cadient Group — a King of Prussia-based digital marketing company — was acquired by Teaneck, N.J.-based IT giant Cognizant, according to a release. Terms of the deal were not disclosed. Cadient Group employs about 105 in KOP and 35 in Pune, India.
WHO’S MAKING MOVES?
Cloudmine just signed a lease on a new, 5,600-square-foot office at 1217 Sansom Street, CEO Brendan McCorkle told us. They were previously in The Philadelphia Building at 13th and Chestnut Street. We’ll share pics once they move in.
Two Y Combinator partners were in town yesterday, holding court at First Round Capital. Qasar Younis and Dalton Caldwell of the Silicon Valley accelerator held office hours to talk shop with Penn startups and participated in a fireside chat — exclusive to Penn students — moderated by Dorm Room Fund investor and Penn undergrad Nilesh Kavthekar. Kavthekar told us former PennApps head Pulak Mittal, who now works at YC, helped hook it up. The Dorm Room Fund hopes to hold similar events with other accelerators like 500 Startups and TechStars, Kavthekar said.
Speaking of the Dorm Room Fund, First Round’s student-run investment firm, they just launched at Yale.
Business analytics firm RJMetrics‘ blog has a new look. It’s “central to our content marketing strategy” and “where many people hear about us for the first time,” said spokesman Tristan Handy. Check out The Data Point, where the company publishes data stories about topics like the future of social network Ello. The startup has a full-time content marketing staff of two and is looking for one more, Handy said.
Vistar Media, the NYC adtech firm with a seven-person tech team in Philly, is outgrowing its Rittenhouse office and plans to move to a new place by early next year, cofounder Michael Provenzano said through a spokeswoman. Its last two quarters were profitable, he said. The startup’s most recent Philly hire was Casey Liscum, a developer who used to work at University City media buying platform RightAction.
While we’re on the subject of hiring, here’s an argument for why referral bonuses can lead to a lack of diversity at tech firms, from a Matter article on the gender gap: “Many of the biggest tech companies offer lucrative referral bonuses. Sure, some of us have a social circle that looks like a Benetton ad. But most people do not.”
WHO’S GETTING BUZZ?
Here’s why Wilmington’s ’90s-era Wingspan Bank, one of the country’s first online banks, shut down, according to Moven CTO Bob Savino on our sister site Technical.ly Delaware.
Our friends @curalate know all about the impact that good images can have on sales. Try using thestocks.im or stocksy.com for an image that perfectly reflects your event.