Startups
Biotechnology / Startups

Point.io: secure information sharing platform raises $1M [Startup Roundup]

NewSpring Capital raised a $250 million fund, two Philly companies raise money and OneTwoSee wins an award at the Sports Social TV Summit.

Startup Roundup is sponsored by Silicon Valley Bank's Philadelphia office, which serves the life science, technology and clean tech markets in Pennsylvania and New Jersey. The Philadelphia team also works closely with the venture capital and private equity firms that invest in these sectors.

Technically Philly’s Startup Roundup parses out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. Follow Startup Roundup’s RSS feed. If you’ve got news to share, get in touch.

WHO’S GETTING FUNDED?

Point.io, a Wayne-based company offering a platform for businesses to share sensitive information, raised $1 million, according to an SEC filing.

South Jersey biotech company Andrew Technologies raised $6.2 million, according to an SEC filing. One of Andrew Technologies products’ is HydraSolve, liposuction technology that does not involve cutting into the skin.

NewSpring Capital, the Radnor-based venture capital firm, raised $250 million for its third fund last month, according to a press release. This fund is nearly twice the size of its funds number one and two, which were $136 million and $163 million, respectively.

WHO’S GETTING BUZZ?

John Samar, CFO of Greenphire, the King of Prussia-based clinical trial payment company, was nominated for the Philadelphia Business Journal’s CFO of the Year Award in the category of “Small Business.” His competition includes Keith Goldan of Conshohocken pharmaceutical company NuPathe and David DeMedio of Malvern-based payment tech company USA Technologies. Nominate people for other Business Journal Awards like “Women of Distinction” and “Minority Business Leaders” here.

OneTwoSee’s NHL companion app won the award for “Best White Label Sports Social TV Execution or Solution” (yep, that one is a mouthful) at the Sports Social TV Summit in Los Angeles, according to an email from OneTwoSee cofounder Chris Reynolds (the Summit’s website does not list the winners yet). The Center City company beat out the ESPN SportCenter app and FUEL TV‘s Fan Cameo.

Companies: Point.io / Greenphire / NewSpring Capital / NuPathe / OneTwoSee / USA Technologies

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