Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania, established in 1982 and based in Philadelphia, is a prominent capital provider dedicated to the technology sectors within Pennsylvania. The organization specializes in both early-stage and established companies, with a focus on enhancing the region's innovation ecosystem across information technology, health, and physical sciences. Over its 30-year history, Ben Franklin has invested in more than 2,000 technology companies and has contributed over $170 million to drive regional growth. In addition to its investment activities, Ben Franklin fosters university and industry partnerships to facilitate the commercialization of scientific discoveries, while also supporting initiatives that bolster the local entrepreneurial community.

Jonathan Beschen

Investment Director, Information Technology Investment Group

Anthony George

Venture Capital Associate, Tech Investment Group

Jennifer Hartt

Director of Investments

Omar Mencin

Senior Director of Investments, Investment Group

Kathie Jordan Ph.D

Managing Director, Healthcare Investment Group

Past deals in Manufacturing

Orange Maker

Seed Round in 2016
Orange Maker, LLC is a technology company that specializes in advanced 3D printing solutions and user-friendly software development. Founded in 2013 and based in Thousand Oaks, California, the company has developed the Helios One, a high-resolution 3D printing system utilizing heliolithography technology. This innovative system caters to a diverse range of applications, including aerospace, architecture, automotive, biotech, defense, dental, education, entertainment, fashion, medical, and manufacturing. Orange Maker aims to empower designers and engineers by providing state-of-the-art tools that facilitate the seamless creation of 3D objects while maintaining design integrity. The company fosters a collaborative culture within the 3D printing community, promoting the sharing of ideas and advancements in technology.

Sweet Note Bakery

Seed Round in 2016
Sweet Note Bakery is a gluten-free and allergen free bagel manufacturer based in Manayunk. It recreated an authentic New York-style bagel to be completely free of the top 8 common food allergens, along with being gluten-free. Sweet Note Bakery ensures to use only high quality natural ingredients in their products to deliver nothing but the best.

ActiveWorx

Venture Round in 2015
ActiveWorx is a prominent provider of Intelligent Financial Transaction Management and Business Process Automation solutions. The company has evolved from its origins as a consulting firm specializing in complex document management and workflow to a developer of advanced automation software. ActiveWorx focuses on accounts payable automation and payment processing, offering tools that enable clients to transition from manual or semi-manual invoice handling to fully automated systems. Its platform supports a diverse range of sectors, including banking, insurance, retail, manufacturing, distribution, and logistics. ActiveWorx efficiently processes high volumes of client invoices, with some clients managing hundreds of thousands each month. The company has facilitated over 10 million transactions, representing more than $22 billion in accounts payable spending, thereby significantly enhancing operational efficiency for its clients.

Defend Your Head

Seed Round in 2015
Defend Your Head of Chester Springs, PA has developed a patented soft shell protective helmet, the “ProCap”, to significantly increase the protective abilities of existing sports helmets and reduce head injury on the field. While helmet advances over the last 20 years focused on internal padding to prevent skull fracture, DYH’s unique technology and design works in tandem with existing helmets to provide superior protection, while outperforming its competition in both ease of use and application. In independent lab tests it was shown to absorb and dissipate energy, reduce the speed of impact, and deflect glancing blows to significantly reduce sports injuries. Unlike competitors’ products, DYH’s ProCap is available in custom colors, is decal-friendly and is both heat and cold resistant. The core technology was spawned at a firm funded by private investors, physicians, and Ben Franklin. That company merged into Defend Your Head in 2013 where the product was advanced and an additional patent was acquired. Market launch is scheduled for late summer. DYH is led by John Roman who spent 9 years in the NFL, was President of Merrill Lynch Trust Company, and founded Valley Forge Capital Advisors. He is joined by Frank Lytle who has a 40 year career in product design and manufacturing and grew several product lines from inception into millions in sales; and Greg Lewis, CFO, who has a sales, marketing and finance experience across several industries including financial services.

Sweet Note Bakery

Seed Round in 2014
Sweet Note Bakery is a gluten-free and allergen free bagel manufacturer based in Manayunk. It recreated an authentic New York-style bagel to be completely free of the top 8 common food allergens, along with being gluten-free. Sweet Note Bakery ensures to use only high quality natural ingredients in their products to deliver nothing but the best.

Setvi

Seed Round in 2014
Setvi, Inc. operates a mobile sales enablement platform designed to enhance the efficiency of the sales process for manufacturing and wholesale distribution companies. The Setvi platform allows marketing and sales leaders to distribute, manage, and update sales materials from a single cloud-based system, enabling sales representatives to create dynamic presentations by integrating various content types such as PowerPoint, PDF documents, videos, and live websites. This platform supports personalized sales campaigns and provides analytics on content usage and sales performance. Additionally, it streamlines workflows through integrations with ERP, CRM, and PIM systems, facilitating quicker quote generation and revealing upselling opportunities. By leveraging data-driven insights, Setvi enhances sales effectiveness, boosts productivity, and empowers marketing teams to optimize conversions. Established in 2013, Setvi is headquartered in Newtown Square, Pennsylvania.

Aereon

Venture Round in 2004
Aereon Inc. specializes in designing, manufacturing, installing, and servicing gas and vapor handling technologies for the oil and gas industry globally. The company provides a wide range of products, including custom and standard flare systems, enclosed combustion systems, and gas compression and vapor recovery systems. Its offerings cater to upstream, midstream, and downstream markets and include equipment such as vapor combustion units, thermal oxidizers, and various vapor recovery units. Aereon also delivers maintenance, engineering support, technical field support, and rental equipment. Founded in 2012 and headquartered in Austin, Texas, Aereon operates in multiple regions, including the United States, Canada, Italy, the United Arab Emirates, and Australia. The company functions as a subsidiary of Cimarron Energy, Inc.
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