Author: technically_repost

Burro, formerly Augean Robotics, Raises a Nearly $11M Series A to Scale its Autonomous Robots

September 28, 2021

NextFab-based Burro, formerly known as Augean Robotics, has raised a $10.9 million Series A round of financing a little more than two years after its seed round, the company announced Tuesday. The four-year-old company makes an autonomous, collaborative robot called Burro, which assists in farming labor. And as field labor workforces have shrunk in recent […]

Money Moves: Bucks County-Based Astarte Medical Raises $7.6M

September 24, 2021

Bucks County-based Astarte Medical, maker of NICUtrition, a suite of digital tools and diagnostics that supports feeding protocols, practice and decision-making in neonatal intensive care units (NICUs) for premature babies, has raised $7.6 million. The company was first on our 2020 RealLIST Startups list and has previously raised $8.5 million. This $7.6 million is considered […]

Philly Just Ranked High on a Global List of Startup Ecosystems. These Local Leaders Aren’t Surprised

September 23, 2021

A report assessing the strengths, talent and startup resources of regions around the globe this year named Philadelphia in its top 30 ecosystems. The city moved up 15 spots in the Startup Genome’s Global Startup Ecosystem Report (GSER) after being named the top “emerging” ecosystem last year. For 2021, it’s No. 28 on the global […]

Morgan Berman is Leaving Milkcrate as CEO to Run a Nonprofit. Here’s Why

September 13, 2021

Since launching locally in December 2019, Life Science Cares Philadelphia (LSC) has become known for connecting life sciences companies to poverty-reducing causes. With its former executive director Pete Wolf retiring, the nonprofit has found a new ED in entrepreneur Morgan Berman. Yes — that’s MilkCrate CEO and outspoken social entrepreneurship advocate Morgan Berman. And yes, […]

RecoveryLink and 2 More Startups Got Investments From Penn’s New $5M Fund for Health

September 7, 2021

Two-year-old telehealth company RecoveryLink is one of three tech startups to receive funding from the Fund for Health, a new partnership between Penn Medicine and the Wharton Social Impact Initiative. Over the next three years, the Fund will invest $5 million in early-stage businesses addressing the social determinants of the health of economically disadvantaged Philadelphians. […]

Houwzer, Phenom, Piano and more Philly Tech Companies Made 2021’s Inc. 5000 list

August 18, 2021

The 2021 edition of the Inc. 5000 list, a roundup of the country’s fastest-growing private companies, was released Tuesday, and Philadelphia-area companies made a strong showing again. This year’s list comes amid a continuing global pandemic, taking stock of the companies that report three-year revenue growth. Out of the top 5,000 companies, 149 come from […]

5 Years of ImpactPHL Ventures: ‘Big Change can be Enabled with Key, Early Investments’

August 2, 2021

In 2016, Philadelphia’s economy was doing well by many traditional measures, boasting nine consecutive years of population growth, declining unemployment, increasing levels of educated residents, and a growing national reputation as a startup and technology hub. Ben Franklin Technology Partners, having invested $200 million in more than 2,000 companies generating more than 32,000 jobs since […]

Philly Has a Trash Crisis. Ya Fav Trashman and MilkCrate Have an App That Will Pay You to Clean Your Block

July 23, 2021

Amid another summer of citywide trash pickup delays, two tech-driven cleanup evangelists think they’ve found a solution to hyperlocalize street cleaning by getting Philadelphians compensated for keeping their blocks litter free. Sanitation worker and community advocate Terrill Haigler, aka Ya Fav Trashman, believes that empowering people to make positive change where they live is key […]

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 […]

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 […]