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 READ
PeopleLinx, a Center City company that advises businesses on social media strategy, has raised $210,000 according to an SEC filing. According to the site, the company was founded by former LinkedIn employees.
DailyWorth, the Mount Airy-based newsletter offering financial advice to women, has raised $2 million from angels that include include 500 Startups’ Dave McClure, TechStar’s Dave Cohen and Eric Schmidt of TomorrowVentures. See our interview with founder Amanda Steinberg here.
As we reported last week just after our VC Roundup, Center City’s RJ Metrics has raised $1.2 million its users and power angels. The news was also covered on TechCrunch and the Business Journal. Zelkova Ventures writes why they funded the company here.
MIGHT BE WORTH YOUR TIME
Philly Tech News points out that OpenView Venture Parterns has raised $99 million. If you remember, the firm had taken a shine to Philadelphia in 2011. We interviewed Adam Marcus, managing director for the firm here.
StarCite, an ICG portfolio company, has been acquired by San Diego-based Active Network reports Philly Tech News.
GIVE A GLANCE
William Harrington has joined Osage University Parters and as Managing Partner. Harrington formerly worked at California-based Three Arch Partners.
Solve Media, the Philadelphia-born company that places advertisements in CAPTCHAS, has raised a $6 million Series B round from First Round Capital and others. According to Business Insider the company generated $12 million in gross revenue in 2011.
Project Liberty, the incubator based out of Philadelphia Media Network, received a writeup in GigaOm.
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