7 Philadelphia-Area Tech Firms to Watch in 2021
What pandemic? As Covid-19 threw the region’s business world into uncharted territory in 2020, many of the fastest-growing, venture-backed tech companies continued to grow their teams, bring on new customers and raise fresh funding.
Since large rounds often precede even bigger moves, and future fundraising, we’re highlighting seven companies whose fundraising activity stood out last year, and you should probably keep an eye on in 2021 for their next moves.
Ambler human resources tech firm Phenom (formerly Phenom People) announced last January it raised $30 million in a Series C funding round led by WestBridge Capital. Global investment firm AllianceBernstein’s Private Credit Investors’ Growth Stage Capital Group, along with previous investors AXA Venture Partners, Sierra Ventures, Omidya Technology Ventures, Sigma Prime Ventures and Karlani Capital also joined in. The firm’s now raised $61 million to date. With the cash infusion, Phenom made its first two acquisitions in the fall and grew its staff from roughly 500 to 800 worldwide.
Tech-driven real estate brokerage Houwzer raised a $9.5 million Series A funding round in February, aimed at doubling its headcount and fueling expansions into Baltimore and Florida. The round, led by Princeton-based Edison Partners, brings Houwzer’s total backing to $17 million. Previous investors, including Ira Lubert and NBA Hall of Famer David Robinson’s Admiral Capital Group, also joined in.
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