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M&A Moves: Philly’s Piano is Acquiring SocialFlow and Blue Bell’s Anexinet is Merging

February 14, 2022

It’s an acquisition and a merger for two Philadelphia-area companies, as Piano and Anexinet both announced new expansions on Thursday. Piano acquired SocialFlow The Bourse-based B2B media software company, which last spring raised an $88 million Series C, has acquired SocialFlow, a New York City social distribution and marketing platform for media companies. The addition […]

Gov. Wolf’s Proposed Budget Would Give Ben Franklin Technology Partners $8M to Fund More Startups

February 10, 2022

Pennsylvania Gov. Tom Wolf’s ambitious $43.7 billion budget proposal includes an $8 million boost for Ben Franklin Technology Partners, a move that the organization’s leadership says could get more Philadelphia-area startups funded. Wolf’s budget proposal sets aside $2 million for each of the four Ben Franklin Technology Partners offices — located in Philadelphia, Pittsburgh, State […]

Real Estate Tech Company Houwzer Raised a $118M Series B as it Introduces New Products

February 9, 2022

Philadelphia-based real estate company Houwzer has raised a $118 million Series B, the company announced Tuesday. The round includes $18 million in equity and a $100 million warehouse line of credit, led by Edison Partners. It brings the total equity funding for the B Corp — which operates locally and in DC, the greater Maryland […]

‘Shark Tank’ Company Simply Good Jars Strikes Deal with Wawa After Sales Soar 1,200%

February 8, 2022

Simply Good Jars is growing rapidly — its sales, its customer base, its physical footprint and its availability. The Philadelphia startup, which appeared on ABC’s “Shark Tank” last March, has seen exponential sales growth of about 1,200% since January 2021, CEO Jared Cannon said. That has allowed his operations to expand and his ambitions to […]

Phenom’s Made its 4th Acquisition in 16 Months as the HR Tech Biz Expands its European Reach

February 4, 2022

In the first half of 2021, HR tech company Phenom announced three acquisitions as it bolstered its business for an inevitable IPO. And here comes the fourth: Today, the Ambler-based company announced it has acquired 2013-founded Tandemploy, a Berlin-based HR tech company focused on solving key problems associated with employee experiences. The addition enhances Phenom’s […]