News + Research
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,...
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...
Take home up to $10,000 to help launch your startup with Ben Franklin’s TechCelerator!
February 19, 2024
STATE COLLEGE, PA – Calling all aspiring entrepreneurs! Ben Franklin’s TechCelerator is offering a 10-week business boot camp with a chance to win up to $10,000 in prize money to help you launch your startup. Ben Franklin Technology Partners of...
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...
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...
OK2StandUP Inc Secures $150,000 Investment from Ben Franklin Technology Partners of Central and Northern PA
February 6, 2024
OK2StandUP, a cutting-edge healthcare technology startup dedicated to preventing falls among seniors, is thrilled to announce a strategic investment of $150,000 from Ben Franklin Technology Partners of Central and Northern Pennsylvania (CNP). In Pennsylvania alone, 71 older adults suffer serious...
This New ‘Digital Bridge’ Could Cultivate A Thriving Impact Investing Ecosystem In Philadelphia
February 2, 2024
ImpactPHL’s OptImpact tool aims to connect accredited investors with investable opportunities for good. The devastating consequences of divestment, like deteriorating infrastructure, vacant lots, and vast expanses of food and green space deserts, are glaringly obvious in low-income areas of Philadelphia....
The Philly Company That Makes Autonomous Farm Robots Just Raised $24M
January 11, 2024
Burro hopes to have 800 plant- and produce-hauling vehicles in operation by the end of the year. Philly’s small-but-growing robotics presence is attracting national attention, as evidenced by a big cash infusion for a company named after a hard-working beast...
Philly Mapmaker Used By National Policymakers And Nonprofits Raises $3M To Expand Product And Staff
January 11, 2024
PolicyMap, which started as a spinoff of Reinvestment Fund, just got its first outside investors. A Philly mapping software company has plans to grow its team and share data in 2024, spurred along by new funding from local investors. PolicyMap closed...
You Could Win $50,000 for your BIG IDEA!
January 10, 2024
Calling All Visionaries in Cameron, Clinton, Lycoming, Potter, and Tioga Counties, PA! Let the BIG IDEA Contest turn your entrepreneurial dreams into reality. Are you a trailblazing entrepreneur with a game-changing idea in the maker economy, outdoors and recreation, forest...