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News and Publications
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 […]
What Does The Philly Tech Community Hope To See In 15 years? A Larger, More Inclusive And More Robust Ecosystem
February 13, 2024
Eight local leaders look back, and forward, in honor of Technical.ly’s 15th anniversary. What were you doing in 2009? That February, Chris Wink, Sean Blanda and Brian James Kirk launched a blog called Technical.ly Philly aiming to cover the growing technology ecosystem in Philadelphia. Since then, Technical.ly has watched and reported as a community of technologists and […]
Fast-Growing Swarthmore Fintech Raises $28M, Plans Hiring Spree
February 13, 2024
LoanStar Technologies, the rapidly growing Swarthmore fintech, has raised nearly $28 million to accelerate sales and expand headcount. The Series A was led by Connecticut-based Sageview Capital, with participation from Ben Franklin Technology Partners’ Go PA Fund. The $27.85 million infusion brings LoanStar Technologies’ total funding to roughly $33 million since its founding in 2016. LoanStar Technologies’ […]
Ben Franklin Tech Approvals: $1.3M In 5 Companies
January 31, 2023
Companies featured: Accencio – Philadelphia County Accencio is a technology company addressing a clear unmet need within the drug discovery space through IP-GeoScape®, a fully visualized data-rich set of biological target-specific molecular landscapes. IP-GeoScape fills a big gap in IP understanding from a structure-based perspective by algorithmically clustering relevant patent, literature and proprietary molecules […]
Ben Franklin Tech Approvals: $950K In 6 Companies
October 27, 2022
Companies featured: CollX – Philadelphia County CollX (pronounced “collects”) answers the question every collector has: “What’s it worth?” The app lets you scan any baseball, football, or basketball card and instantly identify it and get the average market value. Once you’ve scanned your cards, add them to your collection and track your portfolio. Best […]
Ben Franklin Healthcare Approvals: $2M In 7 Companies
October 24, 2022
Companies featured: Bainbridge Health – Philadelphia County Bainbridge Health is making the hospital a safer place for patients by reducing medication errors. Bainbridge Health is led by Co-founder and CEO, Joseph Kaupp. bainbridgehealth.com Envision2bWell – Chester County You’ve heard the term Know Your Worth! We say Know Your WELLth! Our powerful 360° […]
FY 2022: Ben Franklin Approved $11 Million in 48 Companies
September 15, 2022
Companies Approved for Investment in FY22 To view details about each company, visit our directory page. Tech: Accencio Agora World Asylon Brad’s Raw Chips Buyside CollX Employee Cycle Epilogue Systems Exyn technologies GoWell, Inc. Houwzer Innovative Supply Solutions IQ Motion Control Lluna Lula Nexteon Nickl Noble Piano Session Guardian Turnify Whose Your Landlord Yellowdig […]
Ben Franklin Approved $2.9M in 11 Early Stage Companies
August 12, 2022
Companies featured: Avisi Technologies – Philadelphia County Avisi is a pre-clinical stage medical devices company developing VisiPlate, a nanotechnology-enabled ocularimplant fortreating glaucoma. Glaucoma is the world’s leading cause of irreversible blindness andwill affect over 160 million people in 2025. In glaucoma patients, excess aqueous humor builds up inside the eye, putting pressure on and […]
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