Author: pbj_repost

Strados Labs Secures Another FDA Clearance For its Electronic Stethoscope Technology

May 27, 2022

Strados Labs, a Philadelphia-based medical technology company, has received Food and Drug Administration clearance for the home use of its RESP respiratory monitoring system. The 6-year-old company called the FDA clearance, its second in less than 18 months, a “major milestone” because it will allow the product to be used by patients in their homes […]

Officials Laud University City’s Ongoing Development as $100M Project Marks Construction Milestone

March 23, 2022

When state Sen. Vincent J. Hughes took the podium at a ceremonial topping out of 3.0 University Place, a $100 million development at 4101 Market St. in University City, he noted the significance of its location. “This is special,” he said. “The history has always been that everything stopped at 40th Street. We have been […]

Wireless Panic Button Startup Raises $1.8M in Oversubscribed Round

February 28, 2022

ROAR for Good raised $1.8 million in growth capital to ramp up distribution of its wireless panic button systems for hotels and health care facilities. The Philadelphia startup initially sought to raise $1.5 million, but investors surpassed the company’s goal for growth capital, ROAR for Good Founder Yasmine Mustafa said. She declined to disclose the […]

Gov. Wolf’s Proposed Budget Would Give Ben Franklin Technology Partners $8M to Fund More Startups

February 10, 2022

Pennsylvania Gov. Tom Wolf’s ambitious $43.7 billion budget proposal includes an $8 million boost for Ben Franklin Technology Partners, a move that the organization’s leadership says could get more Philadelphia-area startups funded. Wolf’s budget proposal sets aside $2 million for each of the four Ben Franklin Technology Partners offices — located in Philadelphia, Pittsburgh, State […]

‘Shark Tank’ Company Simply Good Jars Strikes Deal with Wawa After Sales Soar 1,200%

February 8, 2022

Simply Good Jars is growing rapidly — its sales, its customer base, its physical footprint and its availability. The Philadelphia startup, which appeared on ABC’s “Shark Tank” last March, has seen exponential sales growth of about 1,200% since January 2021, CEO Jared Cannon said. That has allowed his operations to expand and his ambitions to […]

13 Philadelphia-Area Startups to Keep Your Eye on in 2022

January 10, 2022

Soaring investor confidence in 2021 led to accelerated funding activity for enterprising technologies, entrepreneurs and businesses in Greater Philadelphia. Startups throughout the region raised record amounts of capital last year while posting tremendous growth, even as the Covid-19 pandemic continued to impact the global workforce and supply chain. Recognizing some of the most promising startups, […]

Philadelphia Adtech Startup Sidecar, Backed by $33.5M in Funding, Acquired by New York Competitor

December 14, 2021

Philadelphia advertising technology startup Sidecar has been acquired by New York-based competitor Quartile. The deal closed last week, and the terms were not disclosed. Sidecar will take Quartile’s name, and the company will retain its office at One South Broad in Philadelphia. The acquisition will fold Sidecar’s 180 employees into Quartile, bringing the total headcount […]

6 Philadelphia-Area Companies Land on Deloitte’s 2021 Technology Fast 500 List

November 17, 2021

Six companies in Greater Philadelphia rank among the 500 fastest-growing technology and life sciences companies in North America, according to a new report from Deloitte. Deloitte’s 2021 Technology Fast 500 Rankings, released Wednesday, rank firms based on revenue growth percentage during the period from 2017 to 2020. Qualifying companies had to have operating revenue of […]

Employee Cycle Eyes $2.5M Seed Round After Completing Comcast Accelerator Program

November 15, 2021

Philadelphia human resources tech startup Employee Cycle is raising a $2.5 million seed round after wrapping up its time at the 2021 Comcast NBCUniversal LIFT Labs Accelerator powered by Techstars. Employee Cycle is a human resources startup that takes HR data, analyzes it and presents it on a dashboard. It was one of 11 startups […]

Why it Matters That Ben Franklin Tech Partners’ New Team Brings Clinical Experience to Healthcare Investing

November 10, 2021

Ben Franklin Technology Partners of Southeastern Pennsylvania has formed an investment group to support the development of early-stage companies focused on health care technologies and outcomes. The four-person health care investment team will led by Jennifer Hartt, who will serve as its managing director. Since 2006, Hartt has closed more than 150 investments totaling about […]