Startups

Osage and MentorTech raise new funds

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. MUST READS Two local firms have raised a new fund. […]


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.
MUST READS
Two local firms have raised a new fund. Osage Partners, which contains three branches: Osage Ventures, Osage University Fund and Osage Industries, has raised $47 million for its third fund. Cursiously enough, Osage Partners gets its name from Osage County, Oklahoma home of the fund’s original financiers. Additionally, MentorTech Ventures has raised $10 million of $40 million for its latest fund.
New York Magazine reports on Ben Franklin Technology Parters’ effort to create a “Wall Street West” in Northeastern Pennsylvania. BFTP’s Southeastern chapter is located in the Navy Yard. Speaking of BFTP, Martin Lehr of Osage Ventures writes about state-led venture funds including a detailed history of Pennsylvania’s Ben Franklin Technology partners. We suggest you Instapaper that one for the ride home.

MIGHT BE WORTH YOUR TIME
Entertainment Games, an online games site based in Levittown has raised $100,000 according to an SEC filing. The company was formerly known as eGames.
GIVE A GLANCE
First Round Capital is among the investors in Moat, a New York-based web analytics tool that claims to demonstrate where users are hovering their mouse. Forbes as a detailed writeup about the new product. The company hopes that “hover-overs” will replace “click-throughs” for online publishers. Though with all of these touch screens nowadays, it sounds like an uphill climb.
Last week, our very own Chris Wink wrote about Tutorspree, an online tutor marketplace whose founders include Ryan Bednar a former SeetGeak developer and DreamIt alumnus.
Tech IPO’s are coming hard and fast these days. First Round-baked BazaarVoice is next in line with its $85 million IPO. The social commerce platform company has raised $20 million in venture funding.

Companies: Entertainment Games

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