Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania, established in 1982, is a non-profit organization that fosters technological innovation and growth in the region. It primarily invests in early-stage technology companies, having supported over 1,750 such ventures since its inception. The organization also facilitates university-industry partnerships to accelerate scientific discoveries to market, and initiates regional programs to bolster the entrepreneurial ecosystem. Its mission is to create jobs and transform lives by leading the region's technology community to new heights.

Jonathan Beschen

Investment Director, Information Technology Investment Group

Anthony George

Venture Capital Associate, Tech Investment Group

Adare McMillan

CFO

Omar Mencin

Managing Director, Information Technology Investment Group

Scott Nissenbaum

President, CEO and Board Member

Aston Pierce

Director - GO PA Fund and GO PHL Fund

Kathie Jordan Ph.D

Managing Director, Healthcare Investment Group

Past deals in Electronics

Kapsul Air

Convertible Note in 2018
Kapsul Air is a company focused on transforming the home comfort market through the development of aesthetically pleasing and high-performance appliances. Its flagship product, a 5,000 BTU window air conditioner, is designed for easy installation and user-friendly operation, offering 30% more visibility than traditional models while maintaining an attractive appearance both indoors and outdoors. In addition to air conditioning, Kapsul Air offers a variety of home-comfort appliances that manage temperature, humidity, and air quality. These products are equipped with advanced features, including connectivity to web services and compatibility with smart home platforms, allowing consumers to monitor and control factors such as heat, humidity, energy usage, and ambient light in their homes.

CyberCrunch

Seed Round in 2016
CyberCrunch is a Pennsylvania-based company established in 2010, specializing in secure electronics recycling and data destruction services nationwide. They provide comprehensive solutions for various electronic waste items such as computers, servers, monitors, and consumer electronics, along with non-electronics recycling like batteries and light bulbs. Their core service involves permanent data destruction through hard drive shredding, degaussing, and multi-pass wiping, ensuring compliance with relevant regulations. Additionally, they offer IT consulting services for asset management and disposition. CyberCrunch serves diverse sectors including healthcare, finance, education, and small businesses.

Spectrum Devices

Venture Round in 2010
Spectrum Devices Corporation is a designer and manufacturer of high-power transistors specifically for radio frequency (RF) and microwave applications. Founded in 2003 and headquartered in Hatfield, Pennsylvania, the company specializes in bipolar vertical-drain lateral-diffused MOS (VDMOS) transistors, RF transistors for communication and power generation, as well as standard cells and replacement parts. Spectrum Devices provides direct, drop-in replacements for a variety of high-power requirements, allowing businesses to select the appropriate devices while also offering custom services to support existing designs in production. The company operates additional offices in New York and Asia, expanding its reach within the industry.

American Hometec

Series A in 2008
American Hometec designs, manufactures and sells electric tankless hot water heaters based on novel heating technology (patent pending). The key feature of their products is the coilless technologyâ„¢ that enables their heaters to maintain full heating capacity throughout the life of the unit. In addition to coilless technologyâ„¢ and inherent energy savings of the tankless design, their water heaters offer many other user-friendy features making them a tremendous value.

Novasentis

Series A in 2008
Novasentis, Inc. is a company that designs and develops advanced electro-mechanical polymer actuator and sensor technology. Founded in 2006 and headquartered in Berkeley, California, with additional locations in Pennsylvania, Japan, and Korea, Novasentis specializes in creating ultra-thin, flexible haptic actuators and sensors. These innovations are integral to a variety of applications, including keyboards, smartphones, wearable devices, gaming devices, and home appliances. The company's technology enables enhanced sensory interaction, allowing devices to deliver tactile feedback and sound effects that create engaging user experiences. By bridging the gap between consumer electronics and sensory interaction, Novasentis facilitates deeper physical and emotional connections between users and their devices. In June 2019, Novasentis became a subsidiary of KEMET Electronics Corporation.

GTronix

Series B in 2005
GTronix is a developer of advanced analog technology focused on extracting real-world sensory information for portable consumer electronic products. The company specializes in proprietary programmable analog technology and innovative design techniques that enable the realization of sophisticated digital signal processing (DSP) algorithms within analog integrated circuits. This approach results in solutions that are smaller and consume less power compared to traditional DSP implementations. GTronix's product offerings include the GTX0051, an adaptive noise-canceling microphone processor, which features integrated custom-tuned filters. The company's pioneering APT Technology employs a programmable floating gate transistor structure, enhancing analog performance and programmability while setting a new standard in low-power beamsteering solutions.
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