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.
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 Software
DreamVu
Seed Round in 2021
DreamVu Inc. specializes in the development of omni-stereo camera hardware and software platforms that unify human and machine vision. Founded in 2017 and based in Lafayette, California, the company offers advanced omnidirectional 3D vision systems featuring patented optics and imaging software. Its innovative camera systems are designed to capture a wide range of light rays, allowing for an unparalleled field of view. DreamVu's technology serves various industries, including autonomous vehicles, drones, virtual and augmented reality, robotics, and health technology. By providing low power, low latency, and cost-effective single stream video solutions, DreamVu is transforming visual intelligence and enabling customers to innovate in their respective fields.
iOrtho+
Debt Financing in 2020
iOrtho+ is a medical software company that specializes in orthopedic care through its innovative web-based application, the Mobil-Aider. This premium orthopedic app is designed to quantify joint mobility, enabling clinicians to assess a wide range of motions across multiple joints. The Mobil-Aider includes 450 tests and 1,300 references, along with 100 mobilization techniques, offering a comprehensive resource for orthopedic professionals. The application features concise descriptions, images, videos, and statistical data, as well as direct links to relevant literature, all aimed at enhancing the quality of treatments and improving clinical outcomes.
Optical Inventory Solutions
Grant in 2020
Optical Inventory Solutions specializes in the development of ViewVax, an innovative automated vaccine inventory management system. ViewVax is designed to seamlessly integrate with existing medical refrigerators in hospitals, clinics, and doctors' offices, allowing these facilities to better organize and manage their vaccine supplies. The system employs a web-connected camera that accurately counts on-hand vaccine inventory, facilitating automatic reordering and reducing excess stock levels. With its robust design capable of withstanding cold refrigeration environments, ViewVax enhances operational efficiency by streamlining the recognition of vaccines and ensuring accurate data collection, ultimately supporting medical institutions in maintaining optimal inventory management for vaccines.
Guiding Technologies
Grant in 2020
Guiding Technologies is a Philadelphia-based start-up dedicated to helping individuals with autism reach their full potential. Our product, GAINS™, is the first haptic feedback guidance and analysis software program designed exclusively for Applied Behavioral Analysis instruction management. GAINS™ guides and track ABA instruction in real-time with unprecedented detail and ease. It records each activity or trial with tactile input and unobtrusive audio response, avoiding any client distraction. The haptic feedback and seamless program-to-program transitions allow staff to focus on client instruction. Bulky program binders are consolidated into a tablet computer, and after-session reports can include detailed real-time performance data. GAINS™ automatically retrieves and evaluates client progress and staff management reporting with clearly designed charts and graphs – allowing you to maximize the performance of your organization.
Hava Health
Pre Seed Round in 2019
Hava Health, Inc. is a biotechnology company based in the United States that specializes in developing innovative solutions for nicotine addiction. The company manufactures a smoking cessation device that includes a connected vape pen designed to assist individuals in their efforts to quit smoking. This device pairs with a smartphone application called Hale, which serves as a digital support tool for users undergoing nicotine de-addiction. Through its focus on combining technology with therapeutic approaches, Hava Health aims to provide effective support for those seeking to overcome nicotine dependence.
Tridiuum
Series B in 2018
Tridiuum, Inc. is a Philadelphia-based digital health company established in 1997 that specializes in software-as-a-service solutions for behavioral health providers, patients, and health systems. The core offering, Tridiuum1, is a cloud-based platform designed to enhance behavioral health outcomes management by monitoring patient symptoms and treatment progress. It integrates digital health assessments with an analytics engine to identify behavioral health issues, assign risk scores, and provide real-time alerts at the point of care. Additionally, the platform supports video-based virtual visits and other features, enabling clinicians to effectively evaluate and manage patients with various conditions. The company is backed by a team of experts in behavioral medicine and digital health technologies, with a strong foundation in clinical research and a history of contributions to peer-reviewed scientific literature.
Keriton
Seed Round in 2017
Keriton LLC is a provider of a pumped breast milk management system specifically designed for neonatal intensive care units (NICUs). Based in Philadelphia, Pennsylvania, the company offers a comprehensive platform that enhances patient safety and streamlines nursing workflows. This system enables healthcare professionals to track milk-bottle inventory, manage feeding orders, and handle first-in-first-out (FIFO) bottle flow, including notifications for expiry dates and misfeed alerts. The platform also facilitates real-time insights into lactating mothers' milk production patterns and includes a media-sharing feature for nurses to communicate with mothers by sharing photos and videos of their babies. With a track record of managing over 1.5 million feeds and preventing nearly 30,000 errors, Keriton's solution aims to improve health outcomes and reduce the cognitive burden on hospital staff. Since its incorporation in 2016, Keriton has been deployed in numerous larger enterprise health systems, demonstrating its effectiveness in enhancing the care provided to infants in NICUs.
GuestOf
Grant in 2016
With GuestOf, companies can launch faster and spend less by integrating our scalable platform and hardware into whatever product they’re building to automate and manage authentication, access control, event logging and other processes. They can then kick off actions, enable analytics, and more in their own software. Our highly customizable back-end does the heavy lifting, providing a customer solution with the data and control it needs.
Guiding Technologies
Seed Round in 2016
Guiding Technologies is a Philadelphia-based start-up dedicated to helping individuals with autism reach their full potential. Our product, GAINS™, is the first haptic feedback guidance and analysis software program designed exclusively for Applied Behavioral Analysis instruction management. GAINS™ guides and track ABA instruction in real-time with unprecedented detail and ease. It records each activity or trial with tactile input and unobtrusive audio response, avoiding any client distraction. The haptic feedback and seamless program-to-program transitions allow staff to focus on client instruction. Bulky program binders are consolidated into a tablet computer, and after-session reports can include detailed real-time performance data. GAINS™ automatically retrieves and evaluates client progress and staff management reporting with clearly designed charts and graphs – allowing you to maximize the performance of your organization.
Kynectiv
Seed Round in 2015
Kynectiv, Inc. specializes in simulation-based products and technology platforms that cater to global audiences, particularly in the healthcare sector. The company offers a learning platform that enables organizations to design assessment, education, and training programs, enhancing decision-making through real-world engagement. Notable products include CommSim, which facilitates remote interactions between role-playing coaches and learners, and Synapse DX, a comprehensive solution aimed at helping healthcare organizations understand and influence audience decision-making experiences. Founded in 2010 and headquartered in Chadds Ford, Pennsylvania, Kynectiv was previously known as DecisionSim, Inc. and has operated as a subsidiary of US HealthConnect since 2019.
AlphaPoint
Seed Round in 2014
AlphaPoint Corporation is a software developer specializing in technologies for digital currency exchanges. Founded in 2013 and headquartered in New York, the company offers a comprehensive platform that includes solutions for launching and operating crypto markets, as well as tools for asset digitization and automated market-making. Its products, which serve over 150 clients in 35 countries, include a white-label digital asset trading platform, liquidity services, custody solutions, and yield offerings. AlphaPoint's technology enables various financial entities, such as exchange operators, brokerages, and market makers, to efficiently digitize assets and streamline their operations. With additional offices in Philadelphia and San Francisco, AlphaPoint has established itself as a key player in facilitating blockchain strategies for both startups and established institutions.
Vy Corporation
Seed Round in 2014
Vy Corporation is a software development company based in Wayne, Pennsylvania, that specializes in shape detection and object analysis software for the medical imaging market. The company offers CytoSavvy.com, a cloud-based image analysis and data collection service that enables users to upload and analyze images, particularly useful for identifying clusters of cells in liver and kidney biopsies using its patented CellQuant™ search technology. In addition, Vy Corporation provides VectorSavvy.com, which grants users access to advanced image analysis tools for loading images and viewing results, and it also develops custom projects tailored to specific client needs. The company's mission is to assist pathologists and medical researchers in efficiently identifying and analyzing complex cell structures, enhancing the reliability of data for research and diagnostics.
HealthQx
Series A in 2014
HealthQX specializes in Value-based Payment (VBP) analytic software solutions for health plans and providers. Its VBP analytics platform, ClarityQx, provides the capabilities to design, implement, and monitor the on-going performance of payment models such as episodic, bundled, or accountable care arrangements. The company was founded in 2012 and is based in King Of Prussia, Pennsylvania.
EyeIC
Venture Round in 2012
EyeIC, Inc. is a medical technology company focused on developing and commercializing imaging technologies for eye care applications. Based in Wayne, Pennsylvania, EyeIC serves eye care professionals and clinics by offering the MatchedFlicker device, which monitors the onset and progression of glaucoma through change detection in time series retinal photographs. The technology aligns and registers images taken at different times, creating a superimposed view that aids in accurate diagnosis. Additionally, EyeIC's software includes an easy-to-use application that streamlines image processing, interpretation, and reporting, facilitating the detection of various retinal conditions such as diabetic retinopathy and retinopathy of prematurity. Established in 2004, EyeIC aims to simplify workflows for clinicians and enhance patient care in the field of ophthalmology.
Real Time Tomography
Seed Round in 2011
Real Time Tomography, LLC specializes in developing advanced imaging software solutions for medical imaging systems, particularly in the field of breast cancer detection. Founded in 2006 and based in Villanova, Pennsylvania, the company offers two primary products: Adara, which enhances digital mammography images to improve tissue contrast and lesion visibility, and Briona, a software that reconstructs 3D images from 2D tomosynthesis data. In addition to its software offerings, Real Time Tomography provides technical support and consultation services aimed at optimizing detector and system design for enhanced image quality and processing speed. The company primarily serves manufacturers of mammography systems and PACS workstations, contributing to improved diagnostic accuracy and clinical workflows in healthcare settings.
Bionano Genomics
Seed Round in 2006
Bionano Genomics is a biotechnology company that specializes in genome mapping and analysis, focusing on structural variation detection in DNA. The company develops the Saphyr system, which offers ultra-sensitive and specific detection of structural variations—such as insertions, deletions, inversions, and translocations—linked to various genetic disorders, including cancer. Utilizing optical genome mapping technology, the Saphyr system enables the direct visualization of long DNA molecules and their structural variations without the need for sequencing. This capability is crucial for researchers and clinicians aiming to gain insights into disease mechanisms and genetic disorders, ultimately aiding in the development of personalized treatment strategies. Bionano Genomics markets its products primarily to academic and governmental laboratories, as well as pharmaceutical and biotechnology companies across multiple regions, including North America, Europe, and Asia. Headquartered in San Diego, California, the company was founded in 2003 and was previously known as BioNano Genomics, Inc. until its name change in July 2018.
GTronix
Series B in 2005
GTronix specializes in the development of advanced analog technology aimed at enhancing the performance of portable consumer electronic products. The company utilizes proprietary programmable analog technology and innovative design techniques to implement sophisticated digital signal processing (DSP) algorithms within analog integrated circuits. This approach results in smaller and more energy-efficient solutions compared to traditional DSP methods. GTronix's initial product offerings include APT Technology, a programmable floating gate transistor structure, and advanced circuit designs that facilitate various signal processing functions. Notably, the company provides the GTX0051, an adaptive noise-canceling microphone processor, which features integrated custom-tuned filters, showcasing its commitment to delivering cutting-edge analog performance and programmability in the market.
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