Philadelphia remains one of the top startup ecosystems in the world, according to new rankings. In its annual report released Thursday, Startup Genome ranks the city at No. 27 out of more than 280 regional ecosystems around the world based on factors like startup growth and activity, innovation and research, capital availability, talent and support for companies. […]
Workplaces continue to evolve. Companies have adopted new work models, enhanced their spaces, and overhauled their benefits and perks in efforts to attract and retain talent. Those decisions are proving fruitful for some, with a new survey finding that employee satisfaction at work has steadily risen over the past decade and reached a new benchmark […]
Philadelphia has been working to cement its status among the most active regions for venture capital funding, and the first quarter of 2023 kept the region on that path. Greater Philadelphia ranked fifth in the U.S. for the most closed venture capital deals in 2022 and held that spot to begin 2023, according to the latest PitchBook-NVCA […]
CampusESP is bucking the remote work trend in the tech and startup world, signing a new lease for Center City office space amid three consecutive years of rapid growth. The startup that acts as a resource for parents in the college decision process has taken a 5,500-square-foot space at the Graham Building at One Penn […]
CollX has closed on a $5.5 million seed round as the sports trading card startup nears the top of the charts among all sports apps. The round was led by Austin-based Brand Foundry Ventures, with participation from Next Coast Ventures, FJ Labs, 114 Ventures, Ben Franklin Technology Partners and Morrison Seger Venture Capital Partners. Angel […]
Ben Franklin Technology Partners of Southeastern Pennsylvania is investing $2 million in Philadelphia-area tech and health care startups before setting its sights on a new late-stage fund with a goal of raising at least $25 million — a welcome commitment for local startups as venture capital funding dries up. The investments were made in two […]
A Temple University spinout working on a new way to treat autoimmune disorders has been approved to begin human testing of a potential treatment for an inflammatory liver disease. SFA Therapeutics of Jenkintown received Food and Drug Administration clearance to begin a Phase 1 clinical trial of the company’s new drug candidate SFA-001N, which it […]
A Philadelphia biotechnology company working on therapeutics and medical products for patients impacted by peripheral nerve injuries has raised $19.5 million from private investors. The equity financing was disclosed in documents Center City-based Neuraptive Therapeutics filed with the Securities and Exchange Commission. Company officials were not available to comment on the stock sale. Neuraptive is […]
Thomas Jefferson University and Jefferson Health’s board of trustees have made their pick to take over what became the region’s largest health system under former CEO Dr. Stephen Klasko. Dr. Joseph Cacchione will be the next CEO of Jefferson, effective Sept. 6. Cacchione is executive vice president for clinical and network services at Ascension Health, one of the […]
Philadelphia has the world’s 27th-best startup ecosystem and ranks at No. 11 in the U.S., according to an annual report by Startup Genome. The city inched forward one spot in both the international and national rankings after coming in at No. 28 and No. 12, respectively, in 2021. This year, the report lauded Philadelphia for […]