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NYC’s DailyWorth raises $1M, opens a Philadelphia office

It's not a milestone most startups shoot for, but founder and Mt. Airy resident Amanda Steinberg said it's "long been a dream" to open a Philly office. The company can now afford to have two offices, Steinberg said.

Mt. Airy resident Amanda Steinberg (right) just opened a Philadelphia office for her NYC-based company. Photo by Clem Murray for the Philadelphia Inquirer.

DailyWorth, the media company that offers financial advice to women, recently hit two milestones.

It raised an additional $1 million, and it opened a Philadelphia office in Chestnut Hill.

It’s not a milestone most startups shoot for, but founder and Mt. Airy resident Amanda Steinberg said it’s “long been a dream” to open a Philly office. The company can now afford to have two offices, said Steinberg in an interview with Technically Philly.

Before she opened the office this past March (first reported by the Inquirer), Steinberg was commuting to New York four times a week. Now she only commutes twice a week, she said. She originally headquartered the company in New York because most of her founding partners were based there.

Steinberg, 35, has 14 employees, including one employee — a financial adviser in residence — in her Philadelphia office. The local office is inside Blue Hill Partners, a green tech investment firm and coworking space that hosts 15 companies.

As for the recent funding round, DailyWorth will use the money for “growth and key hires,” TechCrunch reported. Participating local investors include Gabriel Investments, Robin Hood Ventures, Investors Circle and Sustain VC, which is co-led by Tom Balderston of Radnor-based Balderston Capital.

Read our Q&A with Steinberg from 2010, when she was still working a day job.

Companies: DailyWorth / Gabriel Investments / Investors’ Circle / Robin Hood Ventures
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