Early Stage Angel Investor Group in Philadelphia

DDC Secures Seed Funding from Robin Hood Ventures

Prior to investing in DDC, Robin Hood was a client first. Commenting on Robin Hood’s investment, Dave Kurtz says, “Having used the software ourselves, we knew that DDC had great success ahead of it. We are delighted to be part of that bright future in more ways than one.” Robin Hood currently uses Sonar to track 20 plus investments.

Question: How can entrepreneurs meet investors?

The first road-test for this idea will take place on 20 July and it is hoped that it will become a monthly event. The schedule for the July meeting will be for Ms Weber of Robin Hood Ventures to liaise with some entrepreneurs in a ‘question and answer format’ meeting. The topic of conversation is to be focused on how investors make selections, plus tips on how entrepreneurs can improve their chances of success when they approach investors for funding.

First Round Capital gets healthy

Quorum, the “entrepreneur’s club house” at the University City Science Centerwill be hosting “Coffee and Capital” events to enable informal conversation between investors and entrepreneurs. The first event, happening tomorrow, will feature Ellen Weber of Robin Hood Ventures.

Novira Therapeutics, Inc. Completes Second Round of Seed Financing with Philadelphia Angel Syndicate

Novira Therapeutics, Inc., a privately held antiviral drug discovery company developing innovative, first-in-class therapeutics for the treatment of viral diseases, including HBV and HIV, announced that it has completed a second round of seed financing that brings the company’s early financing to approximately $2.5 million, with another $1.0 million obtained in non-dilutive grants. The financing was led by three of Philadelphia’s active angel groups, Delaware Crossing Investor Group, the Mid-Atlantic Angel Group Fund II (MAG II Fund) and Robin Hood Ventures. BioAdvance, the initial investor in the company also participated in the round. Gregory Harriman, M.D., member at Robin Hood Ventures will join Novira’s board of directors as the Board designee for the angel syndicate, and Karen Griffith Gryga, Executive Director of the Mid-Atlantic Angel Group (MAG) Funds (I & II) will take a board observer position.

July 2011 Early Stage East conference changes to ClubPitch

Early Stage East’s event, which it has held in Wilmington in June since its founding, will become ClubPitch Philadelphia. It will be held Oct. 18 at the Down Town Club and feature digital, Web, social-media and mobile companies as presenters. Ellen Weber, who heads Robin Hood Ventures, the angel group based in Philadelphia’s University City section, said the events put on by entrepreneurial groups are attracting more investors, so copying their formats makes sense.

June 2011 How Amanda Steinberg Turned Her Idea for DailyWorth Into a Successful Business

David Ronick started coaching Amanda Steinberg three years ago. Earlier this year she raised $850,000 from a group including Google executive chairman Eric Schmidt's TomorrowVentures.

June 2011 QR Pharma Returns To OneMedForum To Present Alzheimer’s Technology

QR Pharma, Inc is a specialty pharmaceutical company founded to develop novel drugs for the treatment of Alzheimer’s Disease (AD). The company has two compounds in clinical development.

June 2011 Angel Interviews: Farid Naib will take your pitches now

When Technically Philly asked Farid Naib about the state of early stage investing in Philly, he doesno’t even hesitate to display his enthusiasm: There is a huge swell of startup companies in the region. Ben Franklin Technology Partners sees a lot and lot comes out of Wharton. In my position, I’ve become an advisor to a lot of startups and I see at least one company a week. On the investment side you see a lot of groups like Robin Hood Ventures who are certainly active.

May 2011 QR Pharma was featured in BioCentury Emerging Company Profile

QR Pharma has in-licensed two compounds for Alzheimer's disease it believes have suffered from neglect rather than a lack of efficacy or safety.

May 2011 Learn How to Get Your Startup Funded in a Discussion with 7 of the Region’s Leading Angel Groups

With “A Gathering of Angels” at the Princeton Marriott Hotel and Conference Center at Forrestal on June 1, NJEN has now made angel groups easier to find. The panel will consist of several of the region’s leading angel groups, including Arve Hanstveit of New York Angels (www.newyorkangels.com); Karen Griffith Gryga of Mid-Atlantic Angel Group Funds (www.magfund.com); a representative of Tri-State Ventures (www.tristateventures.com); Katherine O'Neill of Jumpstart NJ Angel Network (www.jumpstartnj.com); Tom Olenzak of Robin Hood Ventures (www.robinhoodventures.com); J. David Owens of Delaware Crossing Investor Group (www.delawarecrossing.org); and Gina Tedesco of Golden Seeds (www.goldenseeds.com).

May 2011 QR Pharma to Present at 2nd Annual World Congress of NeuroTalk

QR Pharma, Inc<http://www.qrpharma.com/>. a developer of novel compounds to treat Alzheimer's disease and neurodegenerative disorders, announced today that Dr. Maria Maccecchini, chief executive officer, will speak at the BIT 2nd Annual World Congress of NeuroTalk-2011 in Dalian, China. Dr. Maccecchini will co-chair a session on Anti-Neurodegenerative Drug Discovery and will also present Posiphen(r) Treatment of Alzheimer Patients Resulting in Normalized Levels of Amyloid Precursor Protein, Tau, Complement and Other Neurotrophic Factors. The session will be held on Wednesday May 25, 2011, at 1:30 PM at the Dalian World EXPO Center, China.

April 2011 iPipeline to Offer Insurance Carriers Compliance Assurance Corporation's Regulatory Risk Management Solution

iPipeline(R), the leader in on-demand software that supports marketing, selling, and processing solutions for the nation's top insurance carriers, distributors and producers, today announced that it will partner with Compliance Assurance Corporation (CAC) to bring their on-demand solution to life insurance carriers.
April 2011 PhillyInc: Angel investors growing in Phila

Angel investors may indeed be all around us, but I'm beginning to wonder if these wealthy investors have enough time to belong to all of the groups that want them as members

March 2011 Compliance Assurance secures $1.25M in financing

Compliance Assurance Corp., a Downtown-based company that provides governance risk and compliance solutions to the insurance industry, has secured $1.25 million in financing, the company recently announced. The money came from multiple sources, including Innovation Works, Mid-Atlantic Angels, Robin Hood Ventures, Anchorage Angels, Delaware Crossing and Philadelphia-based iPipeline, which provides next-generation software to the insurance and financial services markets.

March 2011 Core Essence Orthopaedics grab $11.5m with Fingers and Toes

Core Essence Orthopaedics, Inc, a Fort Washington, Pennsylvania orthopaedic device company, has today raised US$11.5m in Series B financing. The round was led by Baird Venture Partners, who were joined by existing investors NewSpring Health Capital, Robin Hood Ventures, plus a few private individual investors. The funding, which follows a US$5m Series A round, will support the commercialization of their soft tissue and skeletal repair devices, says the company.

March 2011 Fiserv Unveils New Prepaid Solutions

Fiserv has acquired prepaid card processing and other technologies developed by Maverick Network Solutions, a Delaware-based provider of advanced prepaid and reward and incentive card programs. The Delaware start-up and its employees became part of the Fiserv Card Services group on March 1, 2011.

March 2011 DailyWorth.com Seeks to Help Women Take Control of Their Finances

When Amanda Steinberg lived in New York in the last decade, she proved her Internet chops by raking in a six-figure salary. Trouble is, she was very skilled at spending all of it, too. "I had not created any net worth," she said.

March 2011 DailyWorth Raises $850,000 in Venture and Angel Capital Investment

DailyWorth.com, the personal finance daily email and community for women, announces the close of a Series A round of funding this week, bringing in $850,000 in venture and angel capital. Led by Robin Hood Ventures of Philadelphia, the round includes TomorrowVentures, Social Leverage, 500 Startups, Venture51, and Investors' Circle. Individual investors include Joanne Wilson, David Cohen, Scott Becker, and Carol Chow.

January 2011 WizeHive Raised over $1 Million

WizeHive Inc. raised $1 million to $1.5 million from two local angel groups — Robin Hood Ventures and the Mid-Atlantic Angel Group — as well as Ben Franklin Technology Partners of Southeastern Pennsylvania and some private investors.

December 2010 Monetate Secures $5.1 Million in Funding

For e-commerce companies seeking to generate the most dollars out of each online visitor, there are an unending number of tweaks that can be made to a website. Monetate Inc. said it has raised $5.1 million to help websites with these changes.

December 2010 Monetate to Add 20 Employees

Monetate has received $5 million in venture capital to fund an expansion that will increase its staff from 30 to 50.

December 2010 QR Pharma Receives FDA Clearance for Clinical Trials of Second Alzheimer Compound

QR Pharma, Inc., a developer of novel drugs to treat Alzheimer’s disease (AD), announced today that the United States Food and Drug Administration (FDA) has accepted the Investigational New Drug application (IND) to begin human clinical trials and evaluate the safety and efficacy of the company’s second product, bisnorcymserine (BNC). “Receiving clearance to move into clinical studies for BNC is a significant milestone for QR Pharma,” said Maria Maccecchini, CEO of QR Pharma.

November 2010 MDI Awarded Federal Grant

Molecular Detection Inc. (MDI) announced that it has been awarded a $244,500 federal Therapeutic Discovery Project grant. The grant is intended to support the US clinical development program for MDI’s Detect-Ready panel that detects carriers of MRSA (methicillin-resistant S. Aureus) and related pathogens as part of hospital-based screening programs aimed at decreasing the high incidence and costs of MRSA infections.

October 2010 MDI Announces Exclusive Distribution Agreement in Benelux region

Molecular Detection Inc. (MDI), a company developing Detect-Ready™ tests designed to increase the speed and accuracy of infectious disease diagnosis, and life sciences and diagnostics distributor Westburg BV today announced that they have entered into an exclusive agreement for distribution of MDI’s Detect-Ready MRSA panel in the Benelux region.

October 2010 TicketLeap: Agile Teamwork and Responsive Customer Service

TicketLeap's Keith Fitzgerald, was tired of being a spectator. When he left his corporate job and joined startup company TicketLeap, he knew there would be risks—but the benefits were impossible to pass up.

October 2010 QR Pharma Wins Best Early-Stage Company Award

QR Pharma, Inc. wins Life Sciences Award for Best Early Stage Companies.

October 2010 MDI Demonstrates Strong Performance in UK Study

Molecular Detection Inc. (MDI), a company developing Detect-Ready™ assays designed to increase the speed and accuracy of infectious disease diagnosis, today announced that its Detect-Ready MRSA assay has received its first independent validation in a study conducted at St. George’s Healthcare NHS Trust, a leading teaching hospital in the UK.

Sep 2010 Newsletter - RHV Celebrates 10 Years and Announces Latest Investments

September 2010 Aklero Risk Analytics Formed to Serve Loan Quality Market

Aklero Process Solutions, a provider of automated data and document validity assurance for the mortgage industry, and Hall Underwriting & Consulting, a mortgage risk analysis firm, have merged to form a new company, Aklero Risk Analytics Inc.

September 2010 Bioconnect Systems Gains CE Mark Approval for Optfilow Anastomotic System

Bioconnect Systems, Inc. today announced CE mark approval for the Optiflow™ Vascular Anastomotic System. The Optiflow™ enhances a surgeon’s ability to create precise vascular connections.

September 2010 MDI Announces Exclusive Distribution Agreement in Australia

Molecular Detection Inc. (MDI) and Integrated Sciences Pty. Ltd. today announced that they have entered into an exclusive distribution agreement for MDI’s Detect-Ready MRSA assay in Australia. The Detect-Ready MRSA assay offers healthcare providers a high-performance MRSA screening test with an unmatched combination of accuracy, speed, flexibility and cost-effectiveness. Integrated Sciences recently launched the Detect-Ready MRSA assay into the Australian market.

September 2010 QR Pharma Awarded SBIR Grant

QR Pharma, Inc. (QR), Radnor, PA : QR a clinical-stage specialty pharmaceutical company committed to developing therapeutics with novel approaches for the treatment of cognitive impairment and Alzheimer’s disease and the Medical University of South Carolina (MUSC) announced today that they received a Small Business Innovation Research (SBIR) phase I grant in the amount of $220,000 to study Posiphen® and its metabolites in cell culture and in transgenic Alzheimer mice.

August 2010 Angel Investing Group Joins Science Center Port Business Incubator

Angel investing group Robin Hood Ventures has established an office in the University City Science Center’s Port business incubator. Other new Port residents include: Biologistics Consulting, DMX and Nuvon.

August 2010 QR Pharma honored as Early Stage Life Sciences Co, Maccecchini as Serial Entrepreneur

Robin Hood Ventures is proud to announce that QR Pharma was honored by the Philadelphia Business Journal Life Sciences Award. The company received both the Early Stage Life Sciences award and the Serial Entrepreneur award.

July 2010 QR Pharma's Posiphen shown to Enter the Brain and to Inhibit Amyloid Precursor Protein

Radnor PA July 14, 2010: QR Pharma, Inc<http://www.qrpharma.com/>., a developer of novel drugs to treat Alzheimer's disease (AD), is presenting a poster today on positive clinical data from its recent mechanism of action study in mild cognitive impaired (MCI) patients at the International Congress on Alzheimer's Disease (ICAD 2010<http://www.alz.org/icad/2010_icad.asp>).

July 2010 Memphis stands out in Paradigm Spine's U.S. marketing plans

June 2010 Molecular Detection Inc. Completes First Close of Follow-on Investment

WAYNE, Pa., June 23 /PRNewswire/ -- Molecular Detection Inc. (MDI), a company developing Detect-Ready™ assays designed to increase the speed and accuracy of infectious disease diagnosis, today announced the first close of a new financing. The financing was led by MentorTech Ventures II, LP and included Robin Hood Ventures, Elm Spring Holdings and the Mid-Atlantic Angel Group Fund I and II, LP (MAG), all existing investors. The company raised $1.4 million as part of a follow-on to its $3.3 million Series C round announced in late 2009.

June 2010 Mass General and QR Pharma Start a Collaboration

QR Pharma, Inc. (QR) and Massachusetts General Hospital announced today a new collaborative research agreement to work on a treatment for Parkinson's disease(PD).

June 2010 QR Pharma Completes $2.4 Million Seed Financing

QR Pharma completes $2.4 million seed financing with round-closing investments from BioAdvance and angels to advance clinical development of two Alzheimer's disease compounds

June 2010 TicketLeap bounds ahead with funds

Ticket software firm uses $4.5M to keep jumping forward by 100 percent. "...TicketLeap’s other investors include three groups of the wealthy individuals called angels — Delaware Crossing Investor Group, the Mid-Atlantic Angel Group and Robin Hood Ventures; NextStage Capital, a venture-capital firm based in Audubon, Pa.; and singer John Legend, who, like Stanchak, went to Penn..."

Oct 2009 Bioconnect Systems to Present First in Man Results for Optiflow™ Vascular Implant

Data to be presented at American Society of Nephrology by Prabir Roy-Chaudhury, MD, PhD

Oct 2009 Molecular Detection Inc. Completes $3.3M Financing

Mar 2009 Robin Hood Ventures Announces Intellifit Acquisition

Feb 2009 Robin Hood Ventures Invests in Vuzit

Dec 2008 Robin Hood Ventures invests in Maverick Network Solutions, Inc

Nov 2008 Four Local Angel Investor Groups Come Together to Fund NanoPack, Inc.

Aug 2008 Robin Hood Ventures joins New Springs Capital in Equity Investment in Core Essence Orthopaedics

Feb 2008 Robin Hood Ventures Invests in Aklero

Jun 2008 Protez to be Acquired by Novartis

Jan 2008 Robin Hood Ventures Winter 2008 Newsletter

Mar 2007 Perficient Inc. Acquires E-Tech Solutions