BFTP invests $1.8 million in nine companies
Ben Franklin Technology Partners, the state-funded early stage and angel investment organization based in the Navy Yard, has announced nine new investments in local companies. Here they are below, separated into industry for your reading convenience:
TECH:
- Snipi – $150,000. Snipi is an Evernote-like repository for links and other content to be shared over social media. As told to Technically Philly in a Q&A last May, the company is focusing on e-commerce shoppers.
- First Flavor – $100,000. The “taste marketing” company makes edible stripes to be included in magazine advertisements and other formats.
- Document Depository Corporation – $100,000. Document Depository Corporation is an online document viewer with an emphasis on security for legal and financial materials. In the past, BFTP has funded Vuzit, another online document viewer.
- Click Equations – $50,000. Hemled by Turntide vet Lucinda Holt, Click Equations creates tools that manage paid search campaigns. Read our September 2009 feature on the company for more.
- Advanced Mobile Solutions – $125,000. AMS is a mobile marketing developer. According to a press release, the company’s most popular application is Cars2Go, an app that helps connect dealers with customers. The app allows users to browse inventory and also provides each dealership with the ability to receive text message coupons. AMS also makes similar applications for the real estate industry.
PHARMA/GREEN:
- Topaz Pharmaceuticals - $500,000. Topaz is focused on making new treatments for headlice, including a new cream. The company is currently seeking FDA approval.
- SRS Energy - $250,000. SRS develops solar panels to double as roof tiles.
- Real Time Tomography – $275,000. The medical imaging company develops 2D and 3D imaging systems to help improve the accuracy of diagnosis. We’d be lying if we said we knew exactly what that means.
- Molecular Detection - $250,000. Fresh off of raising $1.4 million from Robin Hood Ventures and Mid-Atlantic Angel Group, the disease detection company can now add BFTP to its impressive list of investors.
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