Partner News

Strength of Life Sciences Lifts Philly’s VC Ecosystem to Record Heights

February 18, 2020

At $2.5 billion invested across 225 venture financings for the year, Philly’s venture ecosystem closed out 2019 stronger than ever, helping to push the average disclosed round value to $11.2 million. Moreover, the region’s pharma & biotech sector commanded more than $1 billion in overall deal value in its own right last year for the […]

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These 11 companies and leaders won 2019 PACT Enterprise Awards

May 16, 2019

Philadelphia Alliance for Capital and Technologies, better known as PACT, honored tech and healthcare pros and companies at its 2019 Enterprise Awards event on Monday evening at the Kimmel Center for the Performing Arts. The gala — its 26th annual — also awarded the Legend Award to Howard Ross, cofounder of LLR Partners, and the […]

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VC Investing in Philadelphia Hit Record Highs, and Lows, in 2018

March 27, 2019

A new report from PACT and PitchBook shows Philadelphia saw a record year of investments in 2018, when $1.4 billion was poured into local firms, the most in a decade. Released by PACT, the report also documented declines in exits and fundraising by venture capital firms. All put together, though, it depicts a region’s that […]

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And the 2018 Stellar StartUps Finalists are …

August 23, 2018

This year, we received nearly 100 applicants for the Inquirer’s third annual Stellar StartUps contest recognizing some of the region’s best new companies. And from them we have 30 finalists in nine categories. The finalists The following is the complete list of 2018 Stellar StartUps finalists. Winners in each category, along with a grand-prize winner, will be announced […]

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Wistar, Ben Franklin Technology Partners teaming up to help develop startups

April 30, 2018

The Wistar Institute and Ben Franklin Technology Partners of Southeastern Pennsylvania signed a Memorandum of Understanding Friday to work together to accelerate the advancement of early-stage life sciences start-ups coming out of Wistar. Under the partnership, Ben Franklin and Wistar will be developing a mentoring program around technology development for both translational scientists and entrepreneurs. […]

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The Union League’s Angel Fund Pumped $1 Million into 5 Startups

January 25, 2018

Angel investing group Broad Street Angels, based out of the tony Union League of Philadelphia, came out of stealth mode right around this time last year and set out to find early stage startups to back. A year later, after reviewing around 125 online pitches, the company has deployed $1 million in capital to five […]

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Mayor Kenney on Philly’s Amazon HQ2 bid: We’re going to win this

October 20, 2017

Before a jam-packed auditorium at the Barnes Foundation, Mayor Jim Kenney — after a 42-day sprint to put together a comprehensive proposal to send Amazon in its search for an HQ2 site — said nine words that lit up the place: “I just want to say, we’re going to win.” It was the hurrah moment […]

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It’s Happening: Benjamin’s Desk Merges With 1776

October 16, 2017

Philly-founded co-working network Benjamin’s Desk has announced that it will merge with Washington, D.C.-based public benefit corporation 1776. Both organizations say the merger will help them better meet their top goal: funneling more support and resources to entrepreneurs across the Northeast corridor. Benjamin’s Desk cofounders Anthony Maher and Jennifer Maher will lead the organization’s daily […]

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Wistar Helps Community College Grads get Hard-core Science Jobs

June 5, 2017

Amanda Moran, 26, spends her days in love with cells, research and science and in love with wearing a white coat and fighting cancer — not with fists up, but with her head bent down over a microscope. “My mom died of breast cancer when I was 14,” Moran said, taking a break at Wistar […]

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Osage Ventures Just Closed its Fourth Fund at $90 million

May 24, 2017

Bala Cynwyd-based venture firm Osage Ventures announced Tuesday it had closed the lid on its OVP IV fund (aka fund four) at $90 million. The venture firm — which began raising capital for the fund in late 2015 — has already made five deals from the instrument, including two deals in Philly soon to be […]

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