Author: pbj_repost

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 […]

Bucks County Looks to Build a More Robust Startup Scene as Part of its Economic Recovery Strategy

June 28, 2021

Bucks County is focused on building a community of startups and entrepreneurs as its economy emerges from the pandemic. The county is funneling funding into programs like nonprofit Startup Bucks’ early-stage startup program, as well as allocating money to its Office of Workforce and Economic Development to support entrepreneurs. Bucks County has allocated $250,000 to […]

Cagent Vascular Receives $9M Investment to Accelerate Marketing of its Lead Product

June 22, 2021

A Wayne medical device company has raised $9 million to accelerate the commercialization of its peripheral artery disease device cleared by the Food and Drug Administration last year. Cagent Vascular received the investment from Sectoral Asset Management. Marc-Andre Marcotte, a partner and COO at the Canadian investment firm, has joined Cagent’s board of directors. Founded […]

Temple Spinout ExpressCells Adds New Investors to Meet ‘Rapidly Growing Demand’

April 12, 2021

ExpressCells, a gene editing technology company spun out of Temple University, has raised $590,500 in an equity financing. Founded in 2018, ExpressCells is using its own proprietary genome editing technology in combination with CRISPR to create advanced “knock-in” cell lines to enhance drug discovery and support other types of biological research. The speed of the […]