Startups
Startups

Inside First Round Capital’s private social network for its portfolio companies [Startup Roundup]

AgileSwitch closes another round from local investors, TicketLeap launches its new iOS app and Safeguard Scientifics leads a $10 million investment for a Boston-based online physician platform.

WHO’S GETTING FUNDED?

Does First Round Capital have the most powerful network in Silicon Valley? That’s the question posed by a recent Fortune story that highlights the University City-based venture capital firm’s private social network for its portfolio companies. The Quora-esque platform that lets portfolio companies ask for advice on service providers, potential offices and more.

The network is “hugely helpful” for non-Silicon Valley portfolio companies, according to at least one local CEO and First Round portfolio company. “It’s amazing,” said Curalate founder Apu Gupta. “And it’s just one of many reasons why it’s awesome to be a part of the FRC community.”

First Round Capital participated in a $1.5 million round for Zendrive, a San Francisco-based startup focused on making people better drivers, VentureBeat reported.

AgileSwitch, the Center City renewable energy company, raised a round of funding from Benjamin Franklin Technology Partners and angel group Robin Hood Ventures, according to AgileSwitch cofounder Rob Weber. Weber also cofounded Robin Hood Ventures. The funding will be used for product development, Weber said.

Speaking of Robin Hood Ventures, the angel group also recently invested an undisclosed amount in Peeractive, the DreamIt Ventures spring 2013 ecommerce company from Australia and now based in New York, according to a recent Robin Hood newsletter.

Check out this Q&A with Dean Miller, managing director of Novitas Capital and president and CEO of Greater Philadelphia Alliance for Capital and Technology (PACT), in which he talks about the regional companies that have created success “under the radar.”

Novotorium invested an undisclosed amount in Veg-E Systems, a hydroponic farming business based in Doylestown, according to Novotorium’s Chuck Hall.

Safeguard Scientifics led a $10 million Series B round for Boston-based online physician platform Quantia, according to a releaseGary Kurtzman, Managing Director of Healthcare at Safeguard, will be joining Quantia’s board of directors, a spokeswoman said.

CoreDial, a Blue Bell-based cloud communications company, secured a $1.5 million credit facility from Silicon Valley Bank, according to a release. The funding will be used for product development and customer acquisition.

WHO’S MAKING MOVES?

Center City’s TicketLeap launched its new iOS app. Download it here. Also check out TicketLeap’s video of last month’s Philly Startup Leaders barbecue.

Founded by Wharton MBA Clifford Jones, Allazo Health, a data analytics startup that aims to help patients take medications, is participating in New York City’s Blueprint Health accelerator.

WHO’S GETTING BUZZ?

Read about why founder Andrew Torba decided to start and grow his company, social media dashboard Kuhcoon, here in Philly on the Philly Startup Leaders blog.

Companies: AgileSwitch / Curalate / DreamIt Ventures / First Round Capital / Novotorium / Peeractive / Robin Hood Ventures / Safeguard Scientifics / Ticketleap / Wharton School

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Former employees give a look inside LifeBrand’s financial turmoil leading up to layoffs

‘Racist rhetoric leads to attacks’: Asian Americans and lawsuit plaintiffs take on the TikTok ban

A local meetup group is using Amazon’s cybersecurity conference in Philly to raise money for tech nonprofits

Philly is ranked one of the world’s best places to found a startup, climbing to No. 25 globally

Technically Media