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.
Xtium, the King of Prussia, Pa.-based cloud-hosting company, raised $2 million, according to an SEC filing. This follows last year’s $11.5 million series A round from Boston-based OpenView Ventures, as we previously reported.
First Round Capital launched a special holiday shopping promotion, with discount codes and deals for more than two dozen of its portfolio companies, including Fab.com, Threadflip and BirchBox. The site was designed by Penn student and First Round intern Matt Gibstein and Wharton student Alice Lee. Check it out here. Read more on AllThingsD.
GIVE A GLANCE
First Round Capital managing partner Josh Kopelman was also part of a group that helped choose Dell’s #Inspire 100 list, a list of “leading influencers” in different fields, BrandChannel reported. Philly’s own Rakia Reynolds, of Skai Blue Media communications shop, was chosen as a leading “tastemaker.”