Startups

Philly VC at 14-year low

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 According to the latest MoneyTree report, Philadelphia investment […]


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

According to the latest MoneyTree report, Philadelphia investment in 2010 was at a 14-year low. However, national numbers were up in 2010. Though calling the numbers “down” is a of an overstatement, as total investment dollars were only down $5 million from 2009 to 2010 or roughly less than two percent drop.

DreamIt Ventures vet Parse.ly has closed $800,000 in angel investment from multiple sources, including Philadelphia-based Invite Media co-founder Scott Becker. The company is currently based out of The 67th Ward.
MIGHT BE WORTH YOUR TIME
Rowan University begins a “venture-preneur-in-residence” program where an expeirienced entrperneur will be on campus “lecturing in selected courses, presenting in student forums, leading faculty discussions and mentoring and advising students about creating new businesses.”
Ben Franklin Technology Partners has invested $200,000 in four green tech companies including Viridity Energy.
According to Form D filings Osage Ventures has filed for a bridge fund of $10 million.
Inducing horrible headline puns, Adhezion has raised $1.3 million from local VCs Originate Ventures and Liberty Venture Partners.
GIVE A GLANCE
First Round Capital is among the latest group of investors in FanBridge, a company that helps musicians connect with fans. After raising $2 million from First Round and others, the company purchased Damntheradio.
First Round Capital held its CEO summit in San Francisco this week.
Comcast Interactive Capital has led a $9 million investment round for Perfect Market, a “content optimization” company.

Advertisement

-30-
Subscribe to our Newsletters
Technically Media
Connect with companies from the Technical.ly community
New call-to-action

Advertisement