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
Get out your calculators because all kinds of Q4 data is coming out of the woodwork.
Like your best friend who just got dumped, ChubbyBrain reports that VC is in full rebound mound. Q4 saw the highest number of deals in five quarters. There was a slight downtick in the total dollar amount invested, something ChubbyBrain attributes to a handful of large green tech deals in Q3.
A new study on WSJ.com reveals that the number of new startups is largely unaffected by economic cycles. Anaylizing data from 1977 to 2005, the study found that the number of new startups only fluctuated three to six percent a year.
MIGHT BE WORTH YOUR TIME
Technically Philly air guitar parter Peter Key profiles the partnership between Ben Franklin Technology Partners and Keystone Redevelopment Group that is trying to build alternative energy companies.
According to new numbers from the NVCA, fund raising by VC firms was the lowest it has been since 2003. Apologies, but we cant find a non-PDF version of this study, so download the release here.
GIVE A GLANCE
New Hope-based BioLeap rasies $5 million from Quaker BioVentures. The “drug discovery” company recently landed contracts with GlaxoSmithKline and Lycera.
First Round-backed customer service web app Get Satisfaction raises $2.3 million in additional funding. The company is staying mum on the source of the additional cash, though Brian James Kirk was seen late last week leaving a bank with $2.3 million.
First Round also sunk $7 million into Flurry, a mobile analytics company that just merged with Pinch Media earlier this year.
The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.
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