Author: pbj_repost

Ben Franklin Technology Partners Puts Longtime Navy Yard Building Up For Sale, Eyes Move

September 4, 2024

Ben Franklin Technology Partners of Southeastern Pennsylvania has put its longtime home in the Philadelphia Navy Yard up for sale and plans to move to a new space. The organization occupies about 12,000 square feet of the 30,000-square-foot building at 4801 S. Broad St., also known as Building 100. The remaining space is leased to […]

AmorSui Upgrades Protective Product Line In Effort To Set ‘New Standard’ In Health Care

May 10, 2024

A South Philadelphia apparel company launched during the Covid-19 pandemic has unveiled its improved and enhanced line of personal protective equipment (PPE) for health care workers and others. AmorSui was launched in 2020 by Beau Wangtrakuldee, a scientist and entrepreneur who founded the company after a chemical spill in a lab left her with severe burns. […]

Philadelphia Sits Among Nation’s Elite Life Sciences Hubs In New Colliers Rankings

April 30, 2024

The Philadelphia region takes fourth place in a new ranking of the country’s top life sciences hubs on the strength of its talent pipeline and recent real estate activity. The analysis conducted by the commercial real estate services firm Colliers International focuses on a region’s ability to support and sustain industry growth using factors such […]

Fast-Growing Swarthmore Fintech Raises $28M, Plans Hiring Spree

February 13, 2024

LoanStar Technologies, the rapidly growing Swarthmore fintech, has raised nearly $28 million to accelerate sales and expand headcount. The Series A was led by Connecticut-based Sageview Capital, with participation from Ben Franklin Technology Partners’ Go PA Fund. The $27.85 million infusion brings LoanStar Technologies’ total funding to roughly $33 million since its founding in 2016. LoanStar Technologies’ […]

Philadelphia Startup Burro Raises $24M With Plans To Expand Its Fleet Of Robots And Triple Revenue

January 10, 2024

Burro raised another $24 million from investors as it looks to grow revenue, hire additional employees and expand its fleet of agricultural robots. The Philadelphia startup’s Series B round was co-led by New York-based Catalyst Investors and Palo Alto-based Translink Capital and joined by existing investors S2G Ventures, Toyota Ventures, F-Prime Capital and the Cibus […]

Judith Von Seldeneck’s Capital Fund To Award $2M To Local Women-Owned Businesses

January 5, 2024

A fund focused on investing in women-owned businesses and helmed by Diversified Search Group Founder and Chair Judith von Seldeneck is readying to invest $2 million locally through a forthcoming round of grants. Applications for the latest round of the JVS Philadelphia Fund for Women are now open and will be accepted through March 6. To be […]

Philadelphia Data Mapping Startup Founded By Former White House Staffer Raises $3M To Fuel Growth

December 29, 2023

A Philadelphia startup founded by a former White House staffer that maps geographic population data to help inform policymakers, business leaders and students has raised $3 million to accelerate its growth and up its headcount. PolicyMap Inc. was founded in 2018 by Maggie McCullough, who has also held roles with the City of Philadelphia, the Commonwealth […]

Ben Franklin Technology Partners Has Closed On $28M As Part Of Largest-Ever Fund

November 9, 2023

Ben Franklin Technology Partners has raised its largest ever amount of capital, securing $28 million towards its $100 million statewide fund in a bid to retain and grow startups in Pennsylvania. The Global Opportunity Pennsylvania Fund, or GO PA Fund II, follows the $24.3 million GO Philly Fund Ben Franklin Technology Partners closed in 2019. The GO […]

Soaring 76 rankings 2023: Greater Philadelphia’s fastest-growing companies, Nos. 1-25

September 30, 2023

Despite a number of headwinds over the past three years – a global pandemic, labor shortages, supply chain issues, and fluctuating market conditions, to name just a few – area companies proved their grit. Surviving those challenges is laudable, but thriving in them is astounding. These 76 companies did just that, weathering storms and coming […]

New Hope’s Cecilian Partners Raises $11M After Tripling Revenue

September 23, 2023

New Hope real estate technology firm Cecilian Partners has raised an $11 million Series A after tripling its revenue. The funding round was led by Baltimore-based Resolve Growth Partners. Founded in 2019, Cecilian Partners creates software platforms and other technology for homebuilders and homebuyers. CEO John Cecilian Jr. said that the fresh capital will be […]