Author: nicolematthesen

QR Pharma Raises $800,000 of Series A Preferred Stock

October 28, 2016

QR Pharma, Inc., a privately held biopharmaceutical company developing novel therapies for the treatment of Alzheimer’s, Parkinson’s and other neurodegenerative diseases, has closed on $800,000 of Series A Preferred Stock financing. Existing investors Robin Hood Ventures and individual angels filled this round. QR Pharma will use the funding to continue to develop its lead compound, […]

CHRISTINI All Wheel Drive Motorcycles Awarded Contract to Supply US Air Force with AWD 450E Military Edition Motorcycles

October 15, 2016

Christini Technologies Inc. (CTI) announces the awarding of a contract from the U.S. Air Force for the delivery of 54 CHRISTINI All Wheel Drive 450E Military Edition motorcycles. The award was the result of an open bidding process. Christini had previously delivered All Wheel Drive motorcycles to the U.S. Navy, U.S. Border Patrol, UK military, […]

ROAR for Good, Dreamit, BioBots, RevZilla featured on CNBC

October 3, 2016

“Startups are thriving in the City of Brotherly Love.” The final segment in CNBC’s Nightly Business Report dedicated six minutes to recapping the hustlin’, bustlin’ Philly tech scene. First up in the dispatch from reporter Kate Rogers was ROAR for Good CEO Yasmine Mustafa, who spoke about the company’s flagship Athena product. Mustafa herself showcased […]

FDA Approves Janssen Biotech’s Drug for Crohn’s Disease

September 30, 2016

The Food and Drug Administration approved expanding the label for Horsham-based Janssen Biotech’s Stelara product to include its use for the treating Crohn’s disease. Crohn’s disease is a chronic inflammatory condition of the gastrointestinal tract that affects about 700,000 Americans. The FDA approval of Stelara specified its use in adults 18 or older with moderately […]

And the Stellar StartUps Winners Are . . .

September 30, 2016

Our very own, Omar Mencin, director investments in information technology, was one of the judges for the Stellar StartUp’s competition. The stars of Stellar StartUps, the inaugural competition of the parent company of the Inquirer, Daily News, and Philly.com to highlight new businesses in this region’s vast and thriving entrepreneurial economy, were revealed Thursday night. […]

Livegenic Announces Global Partnership With ClaimLogik

September 30, 2016

Livegenic, a global provider of cloud-based, real-time video solutions to property and casualty (P&C) insurance organizations, is pleased to announce a global partnership with Australian-based solutions provider, ClaimLogik. Livegenic’s suite of real-time video collaboration, field loss documentation, and customer self-service solutions are fully-integrated into the ClaimLogik claim fulfilment platform to help facilitate faster damage assessments, […]

Monetate Announces the Launch of its Revolutionary Dynamic Testing Solution

September 30, 2016

Monetate, the leading personalization provider for brands worldwide, today announced the launch of its newest innovative marketing solution, Dynamic Testing. Today’s marketers face more competition than ever before. They’re struggling to cut through the noise and win on the most strategic battleground: the customer experience. To address this new reality, Monetate is launching a solution […]

WealthHub Solutions Raises $1.6M To Accelerate Growth

September 27, 2016

WealthHub Solutions, the 2-year-old provider of software for trusts administration professionals, has completed its first round of institutional financing. The Conshohocken-based company raised $1.6 million from individual investors and institutions including Rittenhouse Ventures and Ben Franklin Technology Partners. WealthHub CEO Jim Marks said the company will use the financing to accelerate its growth and expand […]

InstaMed Raises $50M From San Francisco-based Carrick Capital Partners

September 27, 2016

Center City-based InstaMed, the healthcare payments company that hosts an annual user conference, just raised $50 million from a San Francisco-based venture firm. Carrick Capital Partners Managing Director Jim Madden said the firm recognized the value of InstaMed’s platform offering, which reportedly processes tens of billions of dollars in healthcare payments annually. As part of the […]

At $18 million of committed capital, Rittenhouse Ventures Announced the Final Closing of Rittenhouse Fund II

September 23, 2016

Rittenhouse Ventures today announced the final closing of Rittenhouse Fund II. At $18 million of committed capital, Rittenhouse II builds upon the firm’s strong performance in the Rittenhouse Fund I portfolio, which includes Tabula Rasa Healthcare, Core Solutions,Halfpenny Technologies, and Take the Interview. “Our mission is to partner with entrepreneurs to deliver right-sized investments, deep expertise, […]