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.
Boston-based OpenView Partners, investors in NextDocs and Monetate, continued its interest in Philadelphia by investing $11.5 million in Xtium. The company, based in Valley Forge, provides cloud computing services. Xtium, of course, isn’t the first cloud computing company in the ‘burbs looking for a big exit. Tom Paine over at Philly Tech News has additional info about Xtium’s founder Peter Ritz.
DuckDuckGo co-founder and Open Angel Forum co-organizer Gabe Weinberg has the low-down on the second ever Open Angel Forum. Local presenters include Inhabi and Cloudmine.
As we reported yesterday, Ben Franklin Technology Partners and the Philadelphia Media Network are currently accepting applications for its “Project Liberty” incubator. The companies will be announced on Halloween. The incubator, funded through a $250,000 grant from the Knight Foundation, will also be the topic of Osberg’s talk at Mobile Monday this month.
GIVE A GLANCE
Warby Parker, the online eyeglasses company with Penn origins has raised $12 million from First Round Capital and others.
MIGHT BE WORTH YOUR TIME
Law firm Blank Rome has a press release featuring all 40 of its private equity and venture capital transactions in the first two quarters of 2011.
Two weeks after raising $320,000, Entertainment Games has raised an additional $20,000. Maybe the company just really likes the number 340?
Philadelphia Business Journal’s Peter Key writes about the four companies accepted into the Minority Enterprise Accelerator Program at DreamIt Ventures.
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