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.
DreamIt Ventures held its Demo Day for its Summer incubator class in New York City. The Demo Day is DreamIt’s event to mark the end of a incubator class where 15 startups demonstrate what they have been working on over the past several months to investors and the media. The Demo Day received coverage in Giga Om, TechCrunch, Business Insider and The Next Web, among other news outlets.
MIGHT BE WORTH YOUR TIME
In case you’ve missed it, we’ve managed to find out four of the 15 DreamIt companies for the incubator’s Fall class here in Philadelphia: SnipSnap, ElectNext, CloudMine and Nopone. Oh, it looks like these guys may be the fifth.
It looks like New Jersey is copying the model partly established by Ben Franklin Technology Partners and DreamIt Ventures, and is moving to create an early-stage incubator in the Garden State.
NuPathe, the company that makes medicine applicable by a skin patch instead of a pill, is on the hunt for $30 million according to an SEC filing. Read our interview with CEO Jane Hollingsworth here.
GIVE A GLANCE
Hydros Bottle, a green water bottle maker based in Center City has raised $550,000 according to Form D filings.
First Round Capital is among the investors in AppFog, a PHP SaaS hosting service based in Portland, Oregon. The firm also invested in Single Platform, which was reportedly nearly purchased by Google.
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