Collx, HeyKiddo and ConConnect all scored big investments at PACT’s 2022 Lion’s Den pitch competition
As the lights go down in the Philadelphia Marriott Downtown’s ballroom and a panel of top Philly investors grace the stage, a booming voice makes an announcement: It’s time for the Philadelphia Alliance for Capital and Technology (PACT) annual Lion’s Den.
The dramatics are part of the signature style of the event, meant to be a live-action, localized “Shark Tank” for entrepreneurs attending PACT’s annual Capital Conference. It’s usually a nail-biter; three startups that are chosen as most intriguing in their respective categories throughout the daylong conference get a few minutes to pitch for very real cash.
Of the 46 founders who pitched throughout Thursday, three stood before Lion’s Den investors.
The group on stage represented some legacy Philly VC firms and some newer. These funders sat ready for pitches: David Adelman, founder of Darco Capital and CEO of Campus Apartments; Michael DiPiano, managing GP and cofounder of NewSpring Capital; Ira Lubert, cofounder of Independence Capital Partners and partner of LLR Partners; Sylvester Mobley, managing partner of Plain Sight Capital; and John Martinson, chairman of Martinson Ventures.