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.
DEFINITE READS
As the city’s ALL CAPS TWITTER ACCOUNT told us yesterday, the Mayor and others were on hand at the Navy Yard to celebrate the $129 million received from the feds for the Penn State-led Greater Philadelphia Innovation Cluster for Energy Efficiency. Read the full write up from our friend, the Green Skeptic.
Edison Ventures received a return of 4X as TrueCommerce, one of its portfolio companies, was acquired last week. Edison has received returns as high as 20x lately so lets call this one an infield single.
Edison also announced a $4 million investment in Premier Healthcare Exchange, a healthcare cost management company.

MIGHT BE WORTH YOUR TIME

First Round Capital is among the many firms to invest in Opzi’s $1 million inital round. The stealth company will launch at TechCrunch Disrupt. No one quite knows what the company does, but our educated guess is that it makes Octopus-Zebra hybrids. Oh, and the company’s founder graduated college at 18, so you know he has some evil scientist in him.
GIVE A GLANCE

First Round Capital’s Josh Kopelman nearly broke the law this week by accepting an interview with TechCrunch. Luckily, his attorneys notified him that it wasn’t a good idea to talk to the press while raising a new fund.