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.
The Keiretsu Forum has announced it will open a branch in Philadelphia. The forum claims it “will become one of the preeminent private equity/angel investment organizations in Philadelphia.” The group has a meetup planned on the 22nd.
Keiretsu’s polar opposite, the Open Angel Forum (read why here), will be holding its first Philadelphia event on Wednesday. The event, organized by DuckDuckGo Founder Gabe Weinberg, is closed to the public.
DreamIt Ventures is going old school with its second group of advisors for its New York location. According to the New York Observer, the incubator caught a bit of flack for not including enough seasoned entrepreneurs in its last batch of advisors.
MIGHT BE WORTH YOUR TIME
According to a FormD filing, Vine Loop has raised a $200,000 round. The Moorestown-based company is lying low, but according to the LinkedIn page of one of its founders the company is a “social media knowledge sharing & recommendation system.”
The New York Times profiles Osage Ventures and its new university fund. From the Times “It goes roughly like this: Give a few V.C.’s access to the technology deals … and if the deals are done correctly, the schools share handsomely in the riches. As an incidental but significant benefit, it’s at least possible that venture capitalists, working with universities, could help create manufacturing jobs in the United States.”
Wanderfly has told Business Insider that it is closing a funding round with MentorTech Ventures.
GIVE A GLANCE
First Round Capital is among the the investors in VigLink. The company just announced a $5.4 million Series B round that also includes Google Ventures. Both First Round and Google are repeat investors.
Edison Ventures has hired Chris Sklarin as Investment Manager [PDF link]. According a release Sklarin will focus mostly on Ohio and Western Pennsylvania.
Ben Franklin Technology Partners can now say it has an award-winning website.
Knowledge is power!
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