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.
Since it’s a light news week. Let’s call these all “Might be worth your time:”
NJBiz has a story about the recent success of Edison Ventures and what it means to New Jersey entrepreneurs.
Not exactly venture capital, but an investment firm in Marlton has been accused of cheating its investors out of $40 milion through a complicated Ponzi scheme. The Inquirer reports that Carr Miller Capital spent investor’s money on on luxury cars, vacations, and a suite at the New Jersey Devils’ arena.
Comcast Interactive Capital portfolio company Ortiva Wireless has received $8 million Series C investment from Intel. The company helps wireless providers monitor video traffic.