Ben Franklin Technology Partners of
Southeastern PA 2024 Impact Report
A letter from our
President and CEO
Scott Nissenbaum
Ben Franklin Technology Partners of Southeastern Pennsylvania remains a beacon for the bright future that is unfolding in our region. As we look back on 2024, it is with great excitement that I share with you the progress we have made in our mission to support emerging technologies and drive economic growth in the region.
Our commitment to fostering an environment where innovation thrives has resulted in significant job creation, investments in local communities, and a growing recognition that southeastern Pennsylvania is a hub for tech and talent. This shared progress reflects not only the strength of our partners but also the resilience of our entire ecosystem, built on collaboration, shared vision, and forward-thinking partners like you.
From artificial intelligence and machine learning to advances in personalized health care, 2024 was a year of breakthroughs that pushed the boundaries of what is possible – and our entrepreneurs were at the forefront. Last year, the entrepreneurs we assisted generated $386 million in revenue and secured nearly $469 million in post-Ben Franklin financing, commercializing 73 new products and securing 63 patents and software copyrights.
As we do every year, we intend to build on these successes by continuing to help early-stage companies bring their ideas to life and to market, and by empowering businesses that will define the next generation of breakthroughs in health care and technology. We are proud of the role we play in giving our entrepreneurs the capital, resources, and mentorship they need to thrive in an increasingly competitive marketplace.
Thank you for your continued support – and for your belief in our shared vision. We look forward to working with you in the year ahead to drive the next wave of progress, discovery, and transformation.
Scott Nissenbaum
President and CEO
Measuring Ben Franklin's
Impact in 2024
Ben Franklin Approved
Million
Accross Southeastern PA
Companies
Investment By Sector
Tech
Million
Companies
Healthcare
Million
Companies
Total Portfolio
Jobs Created / Retained
Dollars Leveraged By Portfolio
Social Impact
BiPOC-LED
WOMEN-LED
2025 Global
Startup Ecosystem
Philadelphia Climbs 12 Spots to No. 13 in 2025 Global Startup Ecosystem Report
Philadelphia ranked as the 13th best Global Startup Ecosystem, moving up 12 spots from the previous year, according to the 2024 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network.
13thPhiladelphia ranked as the 13th Global Startup Ecosystem, moving up twelve spots from GSER 2024.
Startups choose Philadelphia because the city provides access to a diverse, internationally connected talent pipeline, supported by world-class institutions, established research infrastructure, and global investment. In 2024-25, the city attracted more than $900 million in equity funding and acquisitions.
GSER, powered by the world’s most quality-controlled dataset on startup ecosystems, analyzes data from more than 5 million companies across 350-plus entrepreneurial innovation ecosystems. It features rankings of the Top 40 global ecosystems and Top 100 emerging ecosystems, along with regional rankings.
in Ecosystem Value From 2022 to 2024
Global Startup
Ecosystem ranking
(up 12 spots from
GSER 2024)
Top 20 Global and
Top 10 North American
in Funding
Top 30 Global and
Top 15 North American
in Talent & Experience
Top 15 Global and
Top 10 North American
in Performance
Top 30 Global and
Top 10 North American
in Knowledge
Ben Franklin Technology Partners of Southeastern Pennsylvania, the Chamber of Commerce for Greater Philadelphia, and University City Science Center collaborated with Startup Genome to spotlight the findings.
“We are proud to celebrate the advancement of Philadelphia’s innovation ecosystem, and thrilled that Philadelphia’s startup community continues to climb the ranks alongside other powerhouse cities around the globe. This confirms what we have long known: More startups are choosing Philadelphia because they know they can grow and thrive here.”
Scott Nissenbaum, President and CEO Ben Franklin Technology Partners of Southeastern Pennsylvania.GO PA Fund Invests in
$5M Rimsys Growth Round
The Global Opportunity Pennsylvania Fund II, L.P. (GO PA Fund) invested in the Pittsburgh-based Rimsys, a company specializing in the development of regulatory information management (RIM) software for medical technology (medtech) companies.
Rimsys is revolutionizing how the medical tech industry does business, helping medtech manufacturers centralize and organize regulatory information, collaborate with internal and external stakeholders, and manage regulatory projects so that they can strengthen global compliance and accelerate time-to-market. Serving global leaders Johnson & Johnson, Siemens Healthineers, and Terumo, Inc. magazine named Rimsys one of the fastest-growing private companies in America.
The investment in Rimsys marks the first GO PA Fund investment outside of the Philadelphia region since launching in fall 2023.
Formed by Ben Franklin Technology Partners of Southeastern Pennsylvania, the GO PA Fund invests in technology-based ventures throughout the commonwealth. The Fund has raised over $34 million in committed capital with the goal of advancing the competitiveness of Pennsylvania’s companies and universities in the global economy.
Anchor Investors
Funding Raised
Investment Opportunities
for Companies
Healthcare
Sector Overview
One of the standout areas of growth in 2024 has been our work in the health care and life sciences sectors. With continued advancements in biotech, medical devices, and digital health, we have seen tremendous innovation that is improving lives, advancing treatments, and reshaping how health care is delivered.
Follow-on Capital Raised
Active
Portfolio
Companies
Ben Franklin
Invested
Industry
Subsector
Healthcare Portfolio Highlights
American Treatment Network
americantreatmentnetwork.com
American Treatment Network’s team of seasoned medical industry professionals found the traditional system did not treat the whole person, only the acute symptoms of the disorder. ATM set out to change that. ATM is committed to caring for you or your loved one with a whole-person approach to care in one location. They have intelligently designed a three-prong approach that consists of Behavioral Healthcare, Substance Use Disorder Care, and Physical Health Care combined to help patients overcome opioid and alcohol addiction and achieve sustainable sobriety.
Excision Medical
excisionmed.com
Aortic valve stenosis is the most common valvular heart disease in the developed world and the treatment of which is dominated by transcatheter aortic valve replacement (TAVR), representing a $5 billion market today. Excision Medical Inc. focuses on transforming the TAVR market through safe, simple, and reliable leaflet modification. Its system is designed to allow physicians to target and excise one or more aortic valve leaflets while also considering the hemodynamic needs of patients.
Latus Bio
latusbio.com
Latus develops innovative gene therapy candidates that use precision delivery with the goal of improving the lives of patients. Its proprietary AAV (Adeno-Associated Virus) capsids have been identified by screening tens of millions of novel variants directly in non-human primates (NHPs), using optimized routes for clinical administration. Designed to accurately target tissues and reduce unwanted interactions, our technology aims to minimize the risks of immunogenicity and toxicity, and to deliver the payload exactly where it's needed.
Tech
Sector Overview
By focusing on emerging technologies and breakthrough ideas, we aim to drive progress, create value, and foster sustainable growth for both our portfolio companies and the broader tech ecosystem. Our dedication to nurturing innovation positions us as a trusted partner in shaping tomorrow's technological landscape.
Active
Portfolio
Companies
Ben Franklin
Invested
Follow-on Capital Raised
Industry
Subsector
Tech Portfolio Highlights
Sojo Industries
sojoindustries.com
Sojo Industries is a fast-growing national industrial automation company that utilizes robotics, mobility, and software to deliver efficient packaging and assembly solutions to the food and beverage industry. The company is a pioneer in variety packaging solutions, working with major brands. Sojo Industries was founded in 2021 after Founder and CEO Barak Bar-Cohen was inspired to fuse his business background with his late father's scientific endeavors, making mobile manufacturing a reality.
Capital Raised
WealthHub
wealthhubsolutions.com
WealthHub automates the daily functions of a trust officer or other fiduciary professional and provides visibility, reporting, controls, and compliance assurance for trust company management. It delivers significant gains in productivity while improving the investor experience, giving management peace of mind that fiduciary obligations are being fulfilled.
Deepwave Digital
deepwavedigital.com
Deepwave Digital directly enables the incorporation of artificial intelligence (AI) in radio frequency (RF) and wireless systems by supplying customers an integrated hardware and software solution. Deepwave Digital’s technology moves the AI computation engine to the signal edge of the RF system to reduce network bandwidth, latency, and human-driven analysis requirements.
