Across Q1 And Q2, Ben Franklin Tech Partners Is Investing Nearly $3M Into 12 Philly-Area Startups
Plus, the state-backed investment firm is raising a $25 million fund, similar to the Go Philly Fund from 2019 in partnership with Newtown-headquartered EPAM.
It’s a busy start to the year for Ben Franklin Technology Partners‘ (BFTP) Southeastern Pennsylvania branch.
The state-backed firm recently announced it’s slated to make investments in seven local startup companies. The investments were deployed in Q1 or approved for Q2, and are focused in two verticals: healthcare and technology companies. The funding includes a sum of $700,000 for healthcare startups and $2.25 million for tech startups.
The healthcare companies include 2014-founded inclusive intimates collection AnaOno, launched by CEO Dana Donofree following her battle with breast cancer. The founder raised $1 million in seed funding in 2022 to expand the company’s offerings. Also included in the $700,000 investment was ChromaTan, a platform that supports manufacturing in the cell and gene therapy space.
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