When Russia attacked Ukraine last February, investors such as Pennsylvania’s state pension funds rushed to dump their Russian investments, horrified at the prospect of profiting from the unprovoked invasion. And firms with Russian and Ukrainian operations, like the Newtown, Bucks County-based EPAM — an information technology outsourcing firm which counted more than 20,000 staff in […]
“It’s a learning process”: Founding Philly host Zachary Brand shares insight from the entrepreneurs behind companies such as Nextmv, Lula and Rego. The Philly startup ecosystem has been on the rise for quite some time. In 2022, for instance, Philly was ranked 27th on Startup Genome’s Global Startup Ecosystem Report, two years after being named a lower-level […]
After two years of growth, Philly-born Lula has a new identity. Adit Gupta and Tom Falzani have been building the tech-enabled delivery service for convenience stores since just after the pandemic hit. The startup’s first iteration was inspired by Gupta’s parents who ran their own convenience store, but were missing out on the instant-needs delivery momentum created […]
CollX has closed on a $5.5 million seed round as the sports trading card startup nears the top of the charts among all sports apps. The round was led by Austin-based Brand Foundry Ventures, with participation from Next Coast Ventures, FJ Labs, 114 Ventures, Ben Franklin Technology Partners and Morrison Seger Venture Capital Partners. Angel […]
Bringing data, mental health resources and tech, 10 teams were given millions in funding for their solutions to combat veteran suicide. Veteran-founded mental health tech platform maker NeuroFlow is one of 10 companies to receive prize funding from the US Department of Veterans Affairs for Mission Daybreak, a public-health focused suicide prevention initiative. The Philly company has had […]
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