Blog

xtraCHEF Raises $7.5 Million Series A to Help Restaurants Become More Data Driven

May 30, 2019

xtraCHEF, a cloud-based restaurant management platform that combines best-in-class AP automation with back-of-house business and operational intelligence, today announced the closing of a $7.5 million Series A funding round to fuel growth, accelerate its product roadmap and recruit new talent. The financing round was led by Radnor, PA-based MVP Capital Partners, with participation from existing […]

Old City Medtech Startup Strados Labs Set to Hire After Raising $1.8M

May 23, 2019

Strados Labs — makers of a non-invasive respiratory smart system — has closed in on nearly $2 million in early-stage venture capital, with sights set on quick expansion. The three-year-old, Old City-based healthcare startup, which also has a team in Atlanta and was named a runner-up on the 2019 realLIST, plans to double its five-person […]

What J.P. Morgan’s $500M Acquisition of InstaMed Means for Philadelphia

May 21, 2019

There’s nothing like a big, half-billion-dollar-plus exit to boost a startup ecosystem. In the last 15 months, the Philadelphia region has seen three. “That’s a big deal for any market,” said Dean Miller, CEO and president of the Philadelphia Alliance for Capital and Technologies. The latest is J.P. Morgan’s more than $500 million acquisition of […]

Acquisition Expands ABBYY’s Digital IQ Capabilities by Combining Content and Process IQ

May 20, 2019

ABBYY, a global leader in Content IQ technologies and solutions, today announced it has signed an agreement to acquire Philadelphia, Pennsylvania-based TimelinePI. TimelinePI provides a comprehensive process intelligence platform designed to empower users to understand, monitor and optimize any business process. The global process analytics market size is expected to grow to USD 1,421.7 million by […]

JP Morgan Buys Health-Care Payments Firm InstaMed in the Bank’s Biggest Acquisition Since the Financial Crisis

May 17, 2019

J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed on Friday to purchase the Philadelphia-based company of about 300 employees that processed $94 billion in transactions last year, according to the two companies. J.P. Morgan is paying more […]