The Top 15 VC Firms In Philadelphia [2021]

The Top 15 VC Firms In Philadelphia [2021]

Are you looking for a VC firm for your Philadelphia based startup?

Finding the right investment firm for your startup can be a daunting task.

There are a number of successful venture capital firms in Philadelphia, and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Dreamit Ventures

  • Location: New York, Philadelphia
  • Industries: Urbantech, Securetech, and Healthtech
  • Investment Range: Up to $500K
  • Stage: Seed Stage
  • Companies invested in: DukeHealth, Geisinger, Dignity Health, Cone Health, aws, Reliaquest, GoDaddy, Deloitte, American Express, Citi, Raymond James.

Dreamit is a venture fund focused on early-stage startups that have shown a high growth potential. The VC fund invests in startups focusing on healthtech, securetech, and urbantech, and gets the right to invest up to $500K in exchange for a small amount of equity.

The portfolio companies enjoy connections to dozens of potential customers and business partners. In addition to the networking opportunities, the portfolio companies receive intense hands-on training and gain access to a vast network of experienced advisors.

Learn more about Dreamit Ventures ➜

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2. Dorm Room Fund

  • Location: Boston, Philadelphia, New York, San Francisco.
  • Industries: Sector Agnostic
  • Investment Range: Up to $40K
  • Stage: Seed Stage
  • Companies invested in: Brooklinen, Stacks, FiscalNote, Snackpass, Athelas, Scholly, Harper Wilde, shield AI, LearnLux.

Dorm Room Fund is a student-run venture fund targeting student-run startups. The VC fund invests up to $40K and connects founders to a world-class mentorship program. Beyond the 40K check, the community companies have access to a suite of resources.

Since its inception, the DormRoom fund has invested in over 300 companies led by visionary student founders. Over time, the venture capital fund has brought together a vibrant community of hundreds of founders, mentors, and investors.

Learn more about Dorm Room Fund ➜

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3. Genacast Ventures

  • Location: Philadelphia, PA
  • Industries: Technology
  • Investment Range: Up to $1M
  • Stage: Seed Stage
  • Companies invested in: BidID, BlockDaemon, Confetti, Datadog, Demdex, Divide, DrayNow, InviteMedia, Jornaya, Overlap, Mortar.

Genacast Ventures focuses on promising B2B technology startups at the early stage.

The VC firm invests up to $1Million at the seed stage and takes the lead investor while playing an active role by coaching the management teams. The VC firm connects the portfolio companies to a network of potential investors and customers.

Besides, the Genacast team takes an active role in hiring and team building.

Learn more about Genacast Ventures ➜

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4. Robin Hood Ventures

  • Location: Philadelphia, PA
  • Industries: Sector Agnostic
  • Investment Range: $250K - $1M
  • Stage: Seed Stage
  • Companies invested in: immunome, Core solutions, LIA, Peeractive, ReturnLogic, Proscia, Gel-e, GENPRO, Inpensa, UTU, Burrow, Tassl.

Robin Hood Ventures invests in early-stage, high-growth startups. The VC firm makes investments ranging between $250K and $1Million.

Apart from financial funding, the Robin hood Venture program includes guidance to help the portfolio companies achieve sustained growth.

The VC fund focuses on startups interested in information technology, enterprise, life sciences, and physical sciences.

Learn more about Robin Hood Ventures ➜

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5. First Round Capital

  • Location: San Francisco, CA, Philadelphia, PA
  • Industries: Consumer, Healthcare, Fintech, Enterprise, Hardware
  • Investment Range: $750k - $4 million
  • Stage: Seed Stage
  • Companies invested in: Abra, Beautiful AI, 9GAG

As the name suggests, First Round Capital invests in the seed stage of a company and witnesses its growth and upward journey right from the start.

Over the past 16 years, the firm has helped a huge number of pre-seed, seed stage, and Series A companies by believing in them and their ideas when others didn't.

First Round Capital generally invests $750k to $4 million in the beginning.

Learn more about First Round Capital ➜

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6. Osage Venture Partners

  • Location: Philadelphia, PA
  • Industries: B2B Software
  • Investment Range: $500K - $3M
  • Stage: Seed Stage
  • Companies invested in: Anra Technologies, AppBus, Automated Insights, BAInsight, BoodleAI, Bookkeeping Express, Cipio, Brazen, Ceptaris.

Osage Venture Partners targets early-stage startups focusing on B2B software solutions. The VC firm invests between $500K and $3M with a preference on the first institutional round.

The venture capitalist ensures a deep investment strategy while providing a great operational experience.

Learn more about Osage Venture Partners ➜

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7. SRI Capital

  • Location: Philadelphia, PA
  • Industries: Technology
  • Investment Range: $500k - $2M
  • Stage: Pre-series A
  • Companies invested in: Oximity, Sidecar, Fitso, Phenom People, BuildSafe, ioEntropy.

SRI Capital is an early-stage venture capital firm focusing on innovative startups venturing into enterprise software and deep tech.

The VC firm has registered interest in startups that build applications and technology for the global market places.

The VC firm leads or co-invests in pre-series A round, with an initial investment of $500K to $2M for a meaningful minority interest. The Venture Capitalist remains active and provides support to the founders beyond the board role.

Learn more about SRI Capital ➜

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8. MissionOG

  • Location: Philadelphia, Pennsylvania, United States
  • Industries: Data, software, fintech
  • Investment Range: $5M - $10M
  • Stage: Seed Stage
  • Companies invested in: Accurate Group, Apkudo, Alkami, Autobooks, Behalf, Bento, Brightfield, Bridge, Clip.

MissionOG targets high-growth B2B companies focusing on digitizing the economy.

The VC firm has a particular interest in firms focusing on software, data, and Fintech solutions. MissionOG seeks to invest between $5Million and $10 Million with significant follow-on capital where necessary.

Learn more about MissionOG ➜

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9. Rittenhouse Ventures

  • Location: Philadelphia, PA
  • Industries: Healthcare, life sciences, financial services, human resources, and general business services
  • Investment Range: up to $1Million
  • Stage: Seed Stage
  • Companies invested in: Vida, Inpensa, Pianop, Energage, HRsoft, Cecelia Health, Kickup, Wealthhub, Haystack.

Rittenhouse Ventures is an emerging growth venture fund focusing on companies that deliver software solutions relating to healthcare, life sciences, financial services, human resources, and general business services.

The VC firm makes an initial investment of up to $1Million in exchange for minority equity. Besides, the VC firm takes an active portfolio manager role, participating in board meetings, while leveraging their expertise and network to ensure business profitability.

Rittenhouse Ventures ensures the right size investment and provides portfolio companies access to deep expertise. The VC firm seeks to build long-term partnerships with entrepreneurs while leveraging their extensive local networking to their advantage.

Learn more about Rittenhouse Ventures ➜

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10. NewSpring Capital

  • Location: Baltimore, MD Chicago, IL, Denver, CO, New York, NY, Philadelphia, PA.
  • Industries: Sector Agnostic
  • Investment Range: Minimum of $5 Million
  • Stage: Seed Stage
  • Companies invested in: aPriori, Bespoke Post, CallMiner, Celigo, Physical therapy, 3Pillar Global, AgingwithComfort.

NewSpring Capital brings together experienced operators and committed investors ready to transform industries. The firm focuses on startups that have shown a high-growth potential, sustainable and growing margins, and developing solutions geared towards improving business services, enabling technologies, and Information technology.

Learn more about NewSpring Capital ➜

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11. Safeguard Scientifics

  • Location: Philadelphia, PA
  • Industries: Healthcare, financial services and digital media
  • Investment Range: $5M - $25M
  • Stage: Series A, Series B
  • Companies invested in: Alverix, Avid Radiopharmaceuticals, Advanced BioHealing, Cambridge Technology Partners, CenterCore, Clarient, Coherent.

Safeguard Scientifics provides capital and expertise to fuel the growth of technology-driven startups. The VC firm targets startups focusing on healthcare, financial services and digital media. Typically, Safeguard deploys capital in Series A or Series B financing round and seed round, deploying between $5 million and $25 Million.

Learn more about Safeguard Scientifics ➜

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12. BioAdvance

  • Location: Philadelphia, PA
  • Industries: Human Health
  • Investment Range: $500K - $1.5M
  • Stage: Seed Stage
  • Companies invested in: Acuity, Allevi, Alteeris, Annovis, Avid, CarePartners, Ceptaris therapeutics, CrossBridge, Bainbridge Health.

BioAdvance targets Early Stage Life Science Investments focusing on human health. The seed-stage VC invests in startups that develop solutions geared towards medical devices, research tools, Therapeutics, Diagnostics, and Health IT. Typically, BioAdvance invests between $500K and $1.5Million. However, over the life, the VC firm may invest up to $5M.

Learn more about BioAdvance ➜

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13. Ben Franklin Technology Partners

  • Location: Lehigh Valley, Philadelphia, Pittsburgh
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Health Market Science, Aboutone, InfraScan, Field diagnostics, Saladax Biomedical, PACT.

Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and funds early-stage technology-based companies. For decades, Ben Franklin Technology Partners has served as a catalyst for economic growth by providing early-stage ventures access to capital, business expertise, and a network of resources that foster innovation.

The Ben Franklin Technology Partners funding often serves as the key endorsement to other funding sources, hence enabling companies to attract follow-on funding to move beyond the startup stage.

Learn more about Ben Franklin Technology Partners ➜

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14. SeventySix Capital

  • Location: Philadelphia, PA
  • Industries: sports betting, esports, and sports tech
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Forte, Diamond Kinetics, C360, Lucra, Maestro, Nerd STGamers, Shot Tracker.

SeventySix Capital is a sports tech venture capital fund targeting startups that focus on sports betting, esports, and sports Tech. The VC firm offers top advice on matters regarding marketing strategy, strategy execution, and thought leadership.

Learn more about SeventySix Capital ➜

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15. LLR Partners

  • Location: Philadelphia, PA
  • Industries: Education, FinTech, Healthcare, Industrial Tech, Security, Software.
  • Investment Range: Not Disclosed.
  • Stage: Seed Stage
  • Companies invested in: Appspace, Archer, Avenues, Azalea Health, Benefitexpress, Agility Recovery, ACRE, 3SI Security Systems.

LLR Partners invest in early-stage startups focusing on Education, Fintech, Healthcare, Industrial Tech, Security, and Software.

The VC firm works directly with the business owners as they think through raising capital for growth or potentially selling their business. The VC firm collaborates with the portfolio companies to define the high-impact growth initiatives, and to turn them into action while driving value for each business.

Learn more about LLR Partners ➜

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