Philly New Tech Meetup launches today [Startup Roundup]

Edison Ventures get an exit, RJMetrics releases a Pinterest report and Philadelphia investor Paul Martino will be taking your questions at the end of the month.


There’s a new Philly tech meetup brewing, and it’s called, well, the Philly New Tech Meetup. Organized by IntroNet cofounder Mike Krupit and Seed Philly head Brad Denenberg, its first meetup is today.

“We hope for this meetup to fill the gap left from Philly Tech Meetup, which appears to have lost momentum,” Denenberg wrote in an email announcing the new group. 

Philly Tech Meetup hasn’t been completely quiet — it held an investor fireside chat at First Round Capital last week — but it hasn’t had one of its monthly happy hour or demo meetups since March.


Mikey Ilagan, Geekadelphia cofounder, will soon leave his job at SunGard Availability Services to join Conshohocken design agency Think Brownstone as a UI developer, according to a tweet.

Instacart, the on-demand grocery delivery service, has expanded to Northeast Philadelphia and the Northeast suburbs, according to a release. The startup now delivers from ACME, too.

Squareknot, the venture-backed Center City platform for how-to guides, will demo its product at this weekend’s Maker Faire Bay Area, said Squareknot COO and CFO Raheem Ghouse. Any other Philadelphians heading there? Ghouse was curious. Tweet him (and us!) to let him know.

84 percent of female Pinterest users are still active in their fourth year, says the most recent RJMetrics report. Read the whole thing here.

Conshohocken’s NextDocs won’t say which one, but it announced that that one of the “world’s leading pharmaceutical companies” has used its product for more than 200 clinical trials, according to a release. Another NextDocs client? Accelent, a Wilmington, Mass. provider of outsourced manufacturing and engineering services to the medical device industry, according to a release.


Doylestown-based investor Paul Martino was interviewed for a Wired story about the troubled journey of a startup called Boomtrain. Martino, who runs investment firm Bullpen Capital, plays the role of venture capitalist in the story. Here’s how he responds when the reporter tells him of Boomtrain’s struggle: “Let me tell you what the worst thing would be. The worst thing is that these guys get their funding tomorrow and are stuck doing this for another year. So far, they only lost one.”

Wanna hear more from Martino? He’ll be the featured investor at the Science Center’s regular Coffee & Capital event on May 28.

First Round Capital’s Josh Kopelman was the keynote speaker at the Wharton Private Equity & Venture Capital Conference 2014. Read a recap of his talk here.


Edison Ventures‘ portfolio company Bottomline Technologies has been acquired by Providence, R.I.-based mobile banking software company Andera for $44.5 million in cash, according to a release. Bottomline Technologies is a digital banking company based in Portsmouth, N.H. with offices in England and and Australia.

First Round Capital participated in a $6.5 million round for Boxed, a New York City-based wholesale shopping app, according to TechCrunch.

Companies: Instacart / Think Company / Squareknot / Bullpen Capital / Edison Partners / First Round Capital / NextDocs / Philly Tech Meetup / RJMetrics
People: Instacart / Think Company / Squareknot / Bullpen Capital / Edison Partners / First Round Capital / NextDocs / Philly Tech Meetup / RJMetrics / Raheem Ghouse / Paul Martino / Brad Denenberg / Josh Kopelman / Michaelangelo Ilagan / Mike Krupit

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