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.
Philly’s under-the-radar-but-robust tech sector gets the cover story treatment in The Deal Magazine. The story pays special attention to the life sciences and tell us all what we already know: we have lots of talent and need to plug the brain drain. We also need to brag a bit more. The story has mysteriously been pulled so here’s a link to the Google cache.
Also, the magazine put together a video package on the Science Center, below, with special attention paid to its land dispute with the city.
As we posted yesterday, MyDunkTank’s Blake Jennelle called out several members of the Philadelphia investment community at Young Involved Philadelphia’s State of Young Philly event last Friday.
MIGHT BE WORTH YOUR TIME
Ben Franklin Technology Partners has received a $1.5 million grant from Bethlehem mayor John Callahan.
According to the company Twitter account, CinnaBid, which looks like yet another Groupon clone, has landed $10,000 from First Round Capital.
However, it’s been confirmed that First Round has invested in Single Platform, a restaurant services company with an executive from Seamless Web.
GIVE A GLANCE
Philly Tech News writes about ENIAC Ventures, including one of their local investments, NearVerse. The ENIAC, you’ll remember, is the name of the first computer developed at Penn.
Safeguard Scientifics has launched a fancy new website and blog.
What do you do when you’re stuck in an elevator with a venture capitalist? Actually that’s not a joke, it actually happened to Owen Johnson and First Round.