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	<title>Technically Philly &#187; Originate ventures</title>
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		<title>Osage Ventures invests in locally-based Second Life clone</title>
		<link>http://technicallyphilly.com/2009/07/22/osage-ventures-invests-in-locally-based-second-life-clone</link>
		<comments>http://technicallyphilly.com/2009/07/22/osage-ventures-invests-in-locally-based-second-life-clone#comments</comments>
		<pubDate>Wed, 22 Jul 2009 12:30:47 +0000</pubDate>
		<dc:creator>Sean Blanda</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[Lansdale]]></category>
		<category><![CDATA[Originate ventures]]></category>
		<category><![CDATA[Osage Ventures]]></category>
		<category><![CDATA[Venture Capital]]></category>

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		<description><![CDATA[Bala Cynwid-based Osage Ventures has announced a Series A investment in ProtonMedia, a company that specializes in creating virtual worlds. Stopping just short of calling its main product &#8220;The Matrix,&#8221; ProtonMedia&#8217;s primary product is &#8220;ProtoSphere&#8221; &#8212; a platform that customers use to hold virtual meetings and classes. The software allows for voice chat, document transfer [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_4602" class="wp-caption alignright" style="width: 260px"><img class="size-full wp-image-4602" title="Protosphere" src="http://technicallyphilly.com/wp-content/uploads/2009/07/collab.jpg" alt="A company screen shot of the Protosphere " width="250" height="187" /><p class="wp-caption-text">A company screen shot of the Protosphere </p></div>
<p>Bala Cynwid-based <a href="http://www.osageventures.com/">Osage Ventures</a> <a href="http://www.originateventures.com/docs/news/default.aspx#ProtonMedia">has announced</a> a Series A investment in <a href="http://protonmedia.com">ProtonMedia</a>, a company that specializes in creating virtual worlds.</p>
<p>Stopping just short of calling its main product &#8220;The Matrix,&#8221; ProtonMedia&#8217;s primary product is &#8220;ProtoSphere&#8221; &#8212; a platform that customers use to hold virtual meetings and classes. The software allows for voice chat, document transfer and custom avatars, among other features.</p>
<p>The Lansdale-based company is already profitable, boasting some pretty large customers including <a href="http://technicallyphilly.com/tag/comcast">Comcast</a> and AstraZeneca.<br />
<span id="more-4600"></span><br />
The deal is an all-local transaction. Osage is being joined by Bethlehem&#8217;s <a href="http://www.originateventures.com">Originate Ventures</a> for a combined cash influx of $2.5 million. ProtonMedia says it will use the money to beef up its sales and marketing teams while improving the company&#8217;s technolgy.</p>
<p>The company, founded in 1998 by Temple alum Ron Burns, has been profitable for &#8220;four or five&#8221; years, launching the Protosphere in 2006.</p>
<p>If you&#8217;re really curious, <a href="vlc.protonmedia.com/html/ps_demo/pssn/user_profile/ps_new.php">download the demo</a>, or<em> </em>see a video below of ProtonMedia&#8217;s walkthrough of their virtual world<em>:</em></p>
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