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.
Number of deals by local VC’s: 3
Number of investments in local companies: 1
DEFINITE READS
Keeping an eye on SEC filings, we’ve noticed that locally based Loffles.com is looking to raise $500,000. No word on what the company does so let’s just hope its not another Groupon clone. The company’s Facebook page features the tagline “Click. Watch. Win”
MK Capital has invested $3 million in Poptent, the local company that aims to crowdsource video. The company has said that it plans on opening a new office in California.
Comcast Interactive Capital is among the all-star list of investors in a new fund targeting social tech startups.
MIGHT BE WORTH YOUR TIME
SCVNGR CEO Seth Priebatsch tells the youth of America to drop out of college and join an incubator like DreamIt Ventures.
Speaking of Groupon clones, Susquehanna Growth Equity has invested in Austin-based Offers.com.
GIVE A GLANCE
Tom Smith, the generically named former partner of Edison Ventures has a new fund in Baltimore named BrownSavano. The fund hopes to raise $100 million but no word on the industry focus.
Skillslate, a website to help people find serve providers like tutors has received a $1.1 million investment from First Round Capital and others.
LA-based Unsubscribe.com has received $2.1 million from First Round Capital and others. The site helps users achieve inbox zero by providing tools to streamline the unsubscribe process form newsletters your receive.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Donate to the Journalism Fund
Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.
