Author: pbj_repost
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 […]
3 Philadelphia Startups Land Six-Figure Investments in PACT’s ‘Lion’s Den’
November 8, 2021
Three Philadelphia-area startups secured hundreds of thousands of dollars in growth capital from The Lion’s Den, a “Shark Tank”-like production hosted by local investors. Dozens of local startup founders, from early-stage companies to fast-growing technology and life sciences firms, pitched their ventures during the Philadelphia Alliance for Capital and Technologies’ 2021 Capital Conference on Thursday […]
Philadelphia’s Startup Ecosystem Climbs 15 Spots Into the Top 30 Worldwide, Report Says
September 22, 2021
Philadelphia’s startup ecosystem ranks among the best in the world, reaching No. 28 globally, according to the latest report from research firm Startup Genome. Startup Genome’s Global Startup Ecosystem Report ranked more than 275 regional ecosystems based on factors like startup growth and activity, innovation and research, capital availability, talent and support for companies. Silicon […]
Navrogen Raises $3M in Venture Capital Financing to Advance Cancer Therapy Platform
September 3, 2021
A 4-year-old biotechnology company based on the campus of Cheyney University of Pennsylvania has raised $3 million in a venture capital financing. Navrogen Inc. plans to use the proceeds from the seed funding round to support its technology platform being used to develop potential new therapies targeting immunosuppressed cancers and immune-mediated diseases. The financing was […]
Comcast Unveils 2021 LIFT Labs Class, 1 Philadelphia Company Selected
August 20, 2021
Comcast’s LIFT Labs accelerator is back again, with one Philadelphia-area company making the cut this year. The Comcast NBCUniversal LIFT Labs Accelerator, powered by seed accelerator TechStars, is now in its fourth year. The 2021 cohort begins the 12-week program on Monday in a hybrid virtual and in-person format, either from Comcast’s offices in Philadelphia […]
NeuroFlow Targets ‘Sweet Spot’ for Growth by Working with Value-Based Health Care Clients
August 13, 2021
Mental health startup NeuroFlow is looking at health systems pursuing value-based payment models as an avenue for growth. NeuroFlow sees an opportunity to expand its reach through health systems that are using value-based reimbursement plans, which focus on better health outcomes rather than being paid for specific services, Chief Operating Officer Adam Pardes said. The […]
E-stethoscope Developer Strados Labs Raises $1.93M From Private Stock Sale
August 6, 2021
Philadelphia medical device developer Strados Labs raised $1.93 million in a private stock sale. Strados founder and CEO Nicholas Delmonico could not be reached for comment on the company’s plans for the funds. The financing was disclosed in documents the company filed with the Securities and Exchange Commission. In December, Strados received Food and Drug […]
Ben Franklin Technology Partners Uses Additional Funds to Focus on ‘Surviving and Thriving’ firms during pandemic
July 20, 2021
Ben Franklin Technology Partners of Southeastern Pennsylvania, a state-backed nonprofit, invested $6.9 million in 46 companies last year, an increase of over $2 million from 2019. BFTP receives funding from the state, the previous year’s returns, and partner capital – which includes universities like Temple and Drexel along with health care companies like Independence Blue […]
