Blog

Ben Franklin Technology Partners Uses Additional Funds to Focus on ‘Surviving and Thriving’ firms during pandemic

July 20, 2021

Ben Franklin Technology Partners of Southeastern Pennsylvania, a state-backed nonprofit, invested $6.9 million in 46 companies last year, an increase of over $2 million from 2019. BFTP receives funding from the state, the previous year’s returns, and partner capital – which includes universities like Temple and Drexel along with health care companies like Independence Blue […]

Read More

These Philly Startups Were Accepted into Y Combinator’s Summer 2021 Cohort

July 13, 2021

Two Philadelphia-based startups are participating in the prominent Silicon Valley accelerator Y Combinator this summer for its second summer of virtual sessions running from June through August. Therapeutics company SFA Therapeutics, Inc. and AI-based customer-facing calls startup q&ai joined the summer 2021 batch. This summer session includes 152 companies from five continents, and startups offering […]

Read More

Investment Firms are Set to Acquire Chesterbrook-Based Boomi From Dell in a Deal Valued at $4B

July 12, 2021

Boomi is set to have new owners. The Chesterbrook-based SaaS company, which was first acquired by Dell more than a decade ago, is now the center of an impending deal to be spun out of the computing giant to global investment firms Francisco Partners and TPG Capital. The definitive agreement for the acquisition, announced in […]

Read More

Leading Digital Mortgage Solutions Provider LoanLogics Acquired by an Affiliate of Sun Capital Partners

July 12, 2021

LoanLogics, a digital mortgage solutions provider creating the premier investor network ecosystem for digital loan commerce, announced today that an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets, has completed an acquisition of the company. Terms of the private transaction were not disclosed. […]

Read More

Philadelphia Foundation Announces Inaugural Civic 50 Greater Philadelphia Honorees

July 1, 2021

Philadelphia Foundation, in partnership with Points of Light and its local chamber partners, is pleased to announce The Civic 50 Greater Philadelphia 2021 honorees. These 50 community-minded regional companies were determined by an independently administered and scored survey to be aligned with national standards for good corporate citizenship. The Civic 50 Greater Philadelphia is the […]

Read More

Previous Next