Author: pbj_repost

The Startups, CEOs and Deals up for a PACT 2020 Enterprise Award

February 12, 2020

The Philadelphia Alliance of Capital and Technologies revealed the nominees for this year’s Enterprise Awards, the annual Oscars-esque gala celebrating the top leaders, companies and deals of the region’s venture capital world. The awards, set for May 12 at the Kimmel Center, are now in their 27th year. The final nominees are picked from a […]

Smithfield Foods Taps Montco Animal Health Firm to Save its Bacon

January 14, 2020

MBF Therapeutics Inc., a Montgomery County company developing DNA-based immunotherapeutic vaccines for animals, has signed an agreement with Smithfield Foods to collaborate on new swine vaccines. Their goal is to develop swine vaccines with the potential to reduce the use of antibiotics in pork production and chronic disease in pigs by eliciting responses in both […]

Philadelphia Health Tech Firm Raises $1.75M, Plans to Double Headcount

January 7, 2020

Repisodic, a Philadelphia health care technology company that has developed software to help patients who are being released from the hospital but still need care, has raised $1.75 million from a private stock sale. The seed round was led by American Enterprise Ventures, a venture capital company and division of American Enterprise Group Inc. Founded […]

Year in Review 2019: Biggest Philadelphia Tech Acquisitions

December 31, 2019

There are several reasons to celebrate the Philadelphia region’s tech scene over the past year — more than two billion of them. A handful of area tech firms saw major acquisitions valued at more than $2 billion in 2019, representing a culmination of years of investment by not only venture capital and private equity firms, […]

Center City Behavioral Health Startup Lands $7.5M in Series A Round

December 16, 2019

Center City startup NeuroFlow raised a $7.5 million Series A round from a mix of local and West Coast, as the company aims to expand both its team and its behavioral health platform. The funding, led by San Francisco-based firm VC Builders, brings NeuroFlow’s total capital raised to date to $11 million. Also joining the […]

Health Care Startup TrekIT Gets New CEO, Funding

October 2, 2019

Tech startup TrekIT Health is moving forward in efforts to get its Penn-grown, patient-focused workflow software into other health systems, securing fresh funding and naming a new CEO. The Philadelphia-based company said co-founder Dr. Subha Airan Javia is taking over as its top executive from former CEO Brendan McCorkle. The C-suite shift comes as the […]

Philadelphia Cancer-Fighting Biotech Startup Raises $3.2M

September 17, 2019

Navrogen Inc., a Philadelphia biotechnology company that has set up shop on the campus of St. Joseph’s University, closed a $3.2 million financing. The convertible note financing was led by Ben Franklin Technology Partners of Southeastern Pennsylvania and a group of private investors. Navrogen plans to use the proceeds to advance its humoral immuno-oncology discovery […]

Ben Franklin Technology Partners Wins Grant That Will Help Create 100 Jobs

August 28, 2019

State-backed seed fund Ben Franklin Technology Partners hopes to spur the creation of more than 100 jobs in the region’s life sciences field after receiving a $633,555 grant from the U.S. Department of Commerce’s Economic Development Administration. Combined with a matching $646,712 from BFTP and other organizations in the region, the award will allow BFTP […]

GO Philly Fund Reveals First Investments

August 20, 2019

Marketing technology firms Sidecar Interactive and Clutch are the first companies to land an investment from Ben Franklin Technology Partners’ new Global Opportunity Philadelphia, or GO Philly, Fund. The regional, state-backed seed fund announced the investments Tuesday morning, about six months after it launched the GO Philly Fund in an effort to close a gap in the […]

Pa. Lags Behind Peers in Funding its ‘Innovation Economy,’ Brookings Report Says

August 16, 2019

Pennsylvania has the infrastructure and resources to fuel a vibrant innovation economy, but the state’s lack of investment is holding it back at a crucial time. That’s the main message of a new report out Tuesday from the Brookings Institution’s Metropolitan Policy Program, which analyzed Pennsylvania’s current state of innovation funding and highlighted 20 state initiatives across […]