WHO’S GETTING FUNDED?
PeopleLinx, the Center City startup doing social media for enterprises, raised $1.5 million, according to an SEC filing. The company’s previous two rounds were equity, according to the filing, but this is a debt round. The raise is from previous investors, said spokesman Michael Idinopulos, and it will go toward new product development and marketing. The filing names Osage Venture Partners managing partner Nathanael Lentz , Tropos Network board chairman David Hanna and MissionOG partner Andy Newcomb as directors. Osage, Hanna and MissionOG are all previous investors. New York City venture firm Greycroft Partners also participated, Idinopulos said.
Edison Ventures, the Lawrenceville, N.J.-based venture firm that has been quite active recently, will begin raising its eighth fund of about $250 million later this year, according to a release and reported by Philly Tech News. Their seventh fund was the same size, and as Philly Tech News points out, did not focus on Philadelphia investments, though the firm had previously said it would.
Also, founder Josh Kopelman was an early investor in a new venture capital firm called Upside Partnership, the New York Times reported. With Upside, founders of portfolio companies will receive a cut of the profits that the fund earns. The firm was founded by former First Round partner Kent Goldman.
WHO’S MAKING MOVES?
WHO’S GETTING BUZZ?
Biomeme, the Old City-based mobile DNA test, was featured in Flying Kite. Meanwhile, we’ve heard the startup had a big hiring month in June, fresh off raising funding ($1.95 million to date, according to cofounder Max Perelman). Biomeme is now at nine full-time staffers, Perelman said.
STARTUP ROUNDUP SNAPSHOT
The Neat Company, the Center City digital filing company, gave away its NeatConnect scanner to several organizations last month as part of a promo campaign, according to a spokeswoman. One of those organizations was Fairmount Engine Company No. 2, an all-volunteer firehouse in Norristown.
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