ImpactPHL’s OptImpact tool aims to connect accredited investors with investable opportunities for good. The devastating consequences of divestment, like deteriorating infrastructure, vacant lots, and vast expanses of food and green space deserts, are glaringly obvious in low-income areas of Philadelphia. These inequalities in resources and opportunities have created a vicious cycle of poverty and made […]
Burro hopes to have 800 plant- and produce-hauling vehicles in operation by the end of the year. Philly’s small-but-growing robotics presence is attracting national attention, as evidenced by a big cash infusion for a company named after a hard-working beast of burden. Autonomous robotics company Burro, formerly known as Augean Robotics, announced it raised $24 million […]
PolicyMap, which started as a spinoff of Reinvestment Fund, just got its first outside investors. A Philly mapping software company has plans to grow its team and share data in 2024, spurred along by new funding from local investors. PolicyMap closed a $3 million Series A round in December led by local financier and policy research […]
This year was full of big tech moments in the Philadelphia region. Here are 14 of the most notable or impactful, from funding to anniversaries to federal recognition. Philly, it’s hard to believe another year has come and gone. But here we are. 2023 was filled with fundraising, community gatherings and interesting technology. In Philadelphia, […]
The Glass Breakers Ball and awards dinner was part of PSL’s event series to recognize its 15th anniversary. Here’s who got honored. When thinking about Philly Startup Leaders’ legacy, Bob Moore wants you to consider the ship of Theseus paradox. When your vessel has all new infrastructure — or your organization has all new members […]
Plus, state gov has a new chief information security officer, Exyn Technologies announced its new CEO, and more local leadership changes. With just a few weeks to go before her tenure begins, Mayor-Elect Cherelle Parker announced the members of her transition team last week. This includes a leadership team, senior advisors, a steering committee, 13 sub-committees and a transition […]
Plus, Verizon awards $50,000 to two Chambers of Commerce, Bucks Built Startup Fund gives away $40,000 in grants, and more local funding news. The Enterprise Center received a $5 million investment from TD Charitable Foundation for its Innovate Capital Growth Fund. The West Philly-based nonprofit, which provides resources and opportunities for entrepreneurs, launched the fund in 2022 […]
The tech equity org hosted its second annual Innovation Weekend, concluding with an awards event that honored members of the Philly tech community in seven categories. It’s been a busy couple of days for the Philly tech community, from Founder Factory to CapCon to 1Philadelphia’s 2023 Innovation Weekend, which closed last week with a focus on the people who are passionate about […]
The fund comes amid a uniquely innovation-minded moment for Pennsylvania, said Scott Nissenbaum, head of the statewide org’s southeastern arm. Ben Franklin Technology Partners of Southeastern Pennsylvania is leaning into statewide collaboration with the other Bens and state government with the new Global Opportunity Pennsylvania (GO PA) Fund II. The Philadelphia-area arm of the state-backed investment network announced […]
Wilmington is part of the Greater Philadelphia Region Precision Medicine Tech Hub, led by Ben Franklin Technology Partners of Southeastern PA. Here’s what comes next. It’s official, Delaware: We’re a tech hub. Part of one, at least. The US Department of Commerce’s Economic Development Administration (EDA) Tech Hubs program is an effort by the federal […]