Blog

New VP At Philly Chamber Is A Former Tech Industry Pro Who’s All About Building Relationships

April 16, 2024

After 10 years at Ben Franklin Technology Partners, Jason Bannon left to bring lessons on collaboration to other business sectors. For Jason Bannon, relationship building is what makes the Philly tech ecosystem special. The marketing pro recently left his role as VP of marketing and communications at Ben Franklin Technology Partner of Southeastern PA after 10 years […]

Philly Is on the cusp of marrying innovation with inclusion — finally!

April 8, 2024

Thanks in part to the EDA Tech Hub bid, the pieces are lining up for a major surge in equitable regional growth. Every time I drive home from my Navy Yard office, I wave to the sparkling University City buildings and the many cranes, as I know the innovations they are sparking are going to […]

Statewide Venture Fund Makes First Investments

March 12, 2024

Four months after taking the field, a statewide venture fund is taking its first shots. The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which […]

2023 Philadelphia Venture Report

February 26, 2024

VC dealmaking slowed across the entire US in 2023, and Philadelphia was no exception. But maintaining its reputation for gritty resilience, the Philly ecosystem held stronger than many other, larger venture hot spots, particularly at the pre-seed and seed stages, to notch $2.4 billion across 403 deals. In conjunction with PitchBook, PACT Philadelphia has released […]

Cagent Vascular Raises $30 Million Series C Financing

February 22, 2024

Funds will be used to accelerate US market adoption and to expand the product portfolio of the first and only Serration Angioplasty Technology Cagent Vascular, Inc., a rapidly growing commercial stage medical device company, today announced a Series C Financing close in excess of $30M. U.S. Venture Partners (USVP), led the round. Participation included new […]