Startups

PACT awards local startups, Coursekit receives $10k

Welcome to the VC Round-up, 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. DEFINITE READS According to a press release, Edison Ventures has […]

Welcome to the VC Round-up, 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.
DEFINITE READS

According to a press release, Edison Ventures has invested $4 million in Lifebooker, a Brooklyn-based marketing and advertising company that focuses on health and beauty businesses. The company also offers a “daily deals” service to that sector.

In an email to Technically Philly, Good Company Ventures tells us that Resources for Human Development, a founding sponsor of GoodCompany Ventures, is offering $10,000 to GCV applicant companies that focus on social finance. The incubator, which is focused on “triple bottom line” businesses, ended its application process last week.
The Wharton Entrepreneurial Program has announced the four winners of its Wharton Venture Award. The award is a $10,000 prize given to companies being incubated at Wharton so that founders can continue working on their company over the summer. This years winners include Switch presenter Coursekit.
The Greater Philadelphia Alliance for Capital and Technologies held its annual Enterprise Awards last week. Winner include “Best Startup” Monetate and “Investment Deal of the Year” Safeguard Scientifics. Morgan Lewis partner Stephen Goodman was awarded a lifetime achievement award. See the entire video of the event here. According to Ben Franklin Technology Partners, 11 of the award winners have received funding from BFTP.

MIGHT BE WORTH YOUR TIME
Grubwithus, a company that sounds remarkable similar to local startup Mealtik, has just received a $1.6 million investment from Frist Round Capital and others.
First Round has also invested in TaskRabbit, the San Francisco-based service that helps users find “runners” for errands.
According to the Philadelphia Business Journal, group buying startup AlphaBuyer is looking for $10 million in funding.
GIVE A GLANCE
Philadelphia-based firms Gabriel Investments and Trestle Ventures have invested in Careerminds, a Wilmington-based outplacement firm.
In case you missed it, we interviewed Howard Lubert of the Keiretsu Forum last Friday to talk about the regions newest angel group.
 

Companies: Keiretsu Forum

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