Downington’s ThingWorx gets $5 million from Safeguard

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.
First Round Capital-backed Single Platform is getting the once-over from Google.
Philly Business Journal’s Peter Key writes about the Philly invasion in the 67th Ward. We’ll link you but you won’t be able to read past the third paragraph, because you need a subscription. In the past 18 months, First Round Capital and DreamIt Ventures have opened up New York branches.
Downington-based ThingWorx has received $5 million from Safeguard Scientifics for its Series B round. The company makes a “connected applications platform.” We’ll have more later this month.
Ben Franklin Technology Ventures has invested $2 million in five biotech companies.