Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania is a non-profit organization established in 1982 that serves as a vital capital provider and supporter of technology development in the region. Based in Philadelphia, it has invested over $170 million in more than 2,000 early-stage and established technology companies, fostering innovation primarily in information technology, health, and physical sciences. The organization not only provides financial support but also develops partnerships between universities and industries to accelerate the commercialization of scientific discoveries. By strengthening the local entrepreneurial ecosystem, Ben Franklin Technology Partners plays a crucial role in job creation and economic transformation in Southeastern Pennsylvania.

Jonathan Beschen

Investment Director, Information Technology Investment Group

Anthony George

Analyst

Mark de Grandpre

Investor

Kevon Gray

Analyst

Roze McDevitt

Analyst

Adare McMillan

CFO

Omar Mencin

Managing Director, Information Technology Investment Group

Kathie Jordan Ph.D

Managing Director, Healthcare Investment Group

Past deals in Energy Efficiency

Kapsul

Convertible Note in 2018
Kapsul is focused on transforming the home comfort market by creating aesthetically pleasing and high-performance appliances. The company offers a variety of products designed to manage temperature, humidity, and air quality, including a 5,000 BTU window air conditioner that emphasizes ease of installation and user-friendly operation. This air conditioner provides users with an unobstructed view and enhances the visual appeal of both the interior and exterior of homes. Kapsul's appliances are compatible with smart home platforms and can connect to web services, allowing consumers to monitor and manage factors such as energy usage, humidity, and ambient light, thereby improving overall home comfort.

Viridity Energy

Funding Round in 2015
Viridity Energy, Inc. specializes in demand response, demand management, and battery storage solutions, primarily through its VPower software, which provides advanced algorithms for peak-shaving and maximizing cash revenue from load flexibility. The company's technology allows clients to interact effectively with wholesale electric power markets, enabling proactive and automated sales of energy capacity. Viridity Energy aims to transform the energy landscape by helping customers generate revenue from various energy markets and optimize their energy portfolios. Founded in 2008 and based in Philadelphia, Pennsylvania, Viridity Energy operates as a subsidiary of Ormat Technologies, Inc., and has established strategic partnerships with companies like GDF SUEZ Energy Resources NA and ConEdison Solutions.

H2O Degree

Seed Round in 2015
Utility costs continually rise and residents use more when the amount they pay does not vary with consumption.

Superior Solar Design

Seed Round in 2014
Superior Solar Design LLC, based in King of Prussia, Pennsylvania, specializes in the design and installation of solar electric and solar thermal heating systems for both commercial and residential clients. The company offers innovative solutions, including the SolarPower Table, an off-grid solar charging station designed for mobile devices and small electronics. This product incorporates key components such as photovoltaic batteries, inverters, solar controllers, and solar panels, making it suitable for various outdoor venues like school campuses, corporate parks, and recreational areas. In addition to system installation, Superior Solar Design provides energy audits, load assessments, and consultations on reducing electricity usage, along with expertise in solar farms and power purchase agreements. The company is committed to delivering high-quality solar solutions that meet the diverse needs of its customers.

Dynamic Energy

Seed Round in 2014
Dynamic Energy is a full service energy solutions provider that brings together the diverse expertise needed to design, finance, build and maintain projects for corporate, industrial and institutional customers. Dynamic develops energy projects that reduce customers’ expenses, improve operating efficiency, provide an attractive return on investment, and help achieve sustainability goals. The company has completed over 75 distributed generation projects totaling over 20 MWs of nameplate capacity.

AgileSwitch

Seed Round in 2013
AgileSwitch, LLC specializes in the design and manufacture of gate drivers for silicon carbide power modules, focusing on enhancing performance and efficiency in electric vehicles and renewable energy applications. Founded in 2011 and based in Philadelphia, Pennsylvania, the company offers a range of products including analog stack electronics and evaluation kits for both analog and digital intelligent power modules (IPM). AgileSwitch's plug and play drivers are recognized for their efficiency and reliability, with the ability to be fully customized to meet diverse customer needs. The company is committed to ongoing product development, continuously expanding its offerings to serve various high-reliability markets such as solar inverters, wind turbines, energy storage, and motor drives, ultimately helping clients reduce power loss and improve the performance of electronic equipment.

AgileSwitch

Grant in 2011
AgileSwitch, LLC specializes in the design and manufacture of gate drivers for silicon carbide power modules, focusing on enhancing performance and efficiency in electric vehicles and renewable energy applications. Founded in 2011 and based in Philadelphia, Pennsylvania, the company offers a range of products including analog stack electronics and evaluation kits for both analog and digital intelligent power modules (IPM). AgileSwitch's plug and play drivers are recognized for their efficiency and reliability, with the ability to be fully customized to meet diverse customer needs. The company is committed to ongoing product development, continuously expanding its offerings to serve various high-reliability markets such as solar inverters, wind turbines, energy storage, and motor drives, ultimately helping clients reduce power loss and improve the performance of electronic equipment.

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.
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