VentureWire is reporting that West Conshohocken-based angel investor First Round Capital closed on $9.74 million of $15 million for an annex fund to back its existing angel funding, according to a regulatory filing.
Investors of the reserve funding include Comcast Interactive Capital and West Conshocken-based TIFF Private Equity Partners. The annex fund will be used for existing companies in First Round’s portfolio.
First Round invests in seed-level start ups, including Mint.com, a popular online money manager, and Invite Media, a Center City-based online advertising innovator, among others.
We sure hope that the fire damage that Invite Media experienced earlier this month isn’t going to cost $9.74 million.
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.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
No, Kamala Harris isn’t the official candidate of the Philadelphia Eagles – and the city’s ads didn’t get hacked
Newly formed AI startup acquires Philly’s defunct LifeBrand, which still owes staff and investors
Here's what to consider before asking an AI app for sexual health help
