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
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