Welcome to the VC Round-up, 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.
DEFINITE READS
Just in case you had any doubt that Ben Franklin Technology Partners is one of the shinning stars in a city mostly devoid of pro-business entities, the state-funded organization went ahead and made a list of all the states that are trying to imitate BFTP. Ohio even went ahead and named its BFTP clone the “Thomas Edison” program.
Speaking of ol’ Tommy E, Edison Venture Fund and MentorTech Ventures have invested $2.75 million in the Neat Company, maker of Neat Receipts, a paperless receipt product. Though, if you read our startup roundup, you all ready knew that.
GIVE A GLANCE
According to SEC filings, LLR Partners was included in a $23 million investment in Vivere Health, a Franklin, Tennessee-based fertility drug maker.
MentorTech Ventures, Robin Hood Ventures and the Mid-Atlantic Angel Group were all included in $1.4 million investment in Molecular Detection Inc. The Wayne-based company develops technology to spot infectious diseases.
In lighter news, First Round apparently threw a party that was hella awesome.
The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.
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