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 Wearables

AmorSui

Seed Round in 2022
AmorSui specializes in the production of durable surgical gowns crafted entirely from eco-friendly fabrics. The company has developed an innovative mobile application for tracking and managing the washing of its products, which are designed to provide essential personal protective equipment (PPE) to hospitals and businesses, particularly in response to the COVID-19 pandemic. By offering sustainable alternatives to traditional PPE, AmorSui enables healthcare facilities to implement reusable solutions that can reduce average costs by 50% and decrease regulated medical waste by approximately 65%. The company's platform also incorporates data analytics to facilitate effective monitoring of the product life cycle, thereby supporting organizations in their efforts to protect employees while promoting sustainability.

Pression

Pre Seed Round in 2020
Pression is focused on developing innovative wearable compression technology designed to enhance recovery and performance for both high-risk patients and athletes. The company offers a patented, non-invasive compression system aimed at improving the independence and quality of life for individuals with circulatory conditions. This technology not only supports patients, including those affected by COVID-19, but also aids athletes in their training regimens. By leveraging sound physiological principles and real-world testing, Pression's products provide tangible benefits that enhance exercise tolerance and facilitate faster recovery, ultimately helping users achieve their health and performance goals.

iOrtho+

Debt Financing in 2020
iOrtho+ is a company focused on enhancing orthopedic care through innovative tools and technologies. It has developed the Mobil-Aider, a portable and affordable orthopedic device that allows clinicians to assess joint mobility by quantifying at least 14 motions across five different joints. In addition to this device, iOrtho+ offers a web-based mobile application that serves as a comprehensive reference tool for orthopedic practitioners. This application includes hundreds of manual techniques and clinical tests, complete with concise descriptions, images, videos, and statistical data, along with direct links to relevant literature. By providing these resources, iOrtho+ aims to improve the quality of treatments, techniques, and outcomes in orthopedic care.

Cassian Solutions

Seed Round in 2020
Cassian Solutions, Inc. is a company that develops and manufactures an innovative phone case medication dispenser, along with a comprehensive application designed to enhance patient compliance with medication regimens. Founded in 2018 and based in Phoenixville, Pennsylvania, the company focuses on improving patient monitoring and data reporting within the pharmaceutical value chain. Its offerings include features such as biometric verification, medication reminders, adherence verification, and real-time communication. Cassian Solutions serves a range of clients, including pharmacies, clinical trial companies, drug manufacturers, and insurers, addressing critical gaps in patient care that can lead to poor health outcomes and increased healthcare costs. By integrating medication delivery with smartphone technology, Cassian Solutions aims to transform the medication-taking experience and facilitate better treatment adherence.

Strados Labs

Debt Financing in 2020
Strados Labs, LLC is a medical technology company based in Philadelphia, Pennsylvania, that focuses on innovating respiratory health management through advanced biosensors and artificial intelligence. Founded in 2016, Strados Labs develops a wearable device that provides real-time insights into respiratory metrics such as breathing speed, sounds, and patterns. This device is equipped with a continuous breathing sensor that enables remote monitoring of patients with respiratory conditions like asthma and chronic obstructive pulmonary disease. By connecting the device to a mobile application, patients and healthcare providers can access critical respiratory data, facilitating informed decision-making and improved management of respiratory health.

Narbis

Grant in 2020
Narbis was founded to continue developing ways to encourage people to practice their attention performance. Narbis has developed a convenient, at-home, easy-to-use training device designed to help individuals work on focus and concentration habits in daily activities.

RightAir

Grant in 2020
RightAir is developing noninvasive ventilators for COPD patients. They have developed AIR-AD (based on a proven respiratory assist technology called cuirass ventilators), which is a fully-mobile, non-invasive ventilator, integrated into a piece of clothing. It reduces dynamic hyperinflation. It adjusts the natural breathing pattern of the patient, during rest and exercise.

Pression

Grant in 2020
Pression is focused on developing innovative wearable compression technology designed to enhance recovery and performance for both high-risk patients and athletes. The company offers a patented, non-invasive compression system aimed at improving the independence and quality of life for individuals with circulatory conditions. This technology not only supports patients, including those affected by COVID-19, but also aids athletes in their training regimens. By leveraging sound physiological principles and real-world testing, Pression's products provide tangible benefits that enhance exercise tolerance and facilitate faster recovery, ultimately helping users achieve their health and performance goals.

DRSLINQ

Grant in 2020
DRSLINQ is developing a mobile EKG device that is coupled to an interactive application powered by a natural language processing integrated with a machine learning platform to appropriately triage chest pain patients to the ER.

Cogwear

Grant in 2020
Cogwear is focused on developing advanced wearable technology that integrates cognitive and emotional monitoring into everyday life. By utilizing mobile electroencephalogram (EEG) sensors and AI-powered algorithms, the company provides users with real-time access to clinical-grade cognitive and emotional data in various environments. Its proprietary dry EEG sensors are designed for comfort and accuracy, enabling effective measurement and interpretation of brain activity. Data collected can be accessed through a secure application and shareable dashboard, allowing individuals to gain insights into their mental state and performance. This innovative approach aims to enhance human health, safety, and overall performance by translating complex brainwave data into actionable feedback.

Strados Labs

Pre Seed Round in 2018
Strados Labs, LLC is a medical technology company based in Philadelphia, Pennsylvania, that focuses on innovating respiratory health management through advanced biosensors and artificial intelligence. Founded in 2016, Strados Labs develops a wearable device that provides real-time insights into respiratory metrics such as breathing speed, sounds, and patterns. This device is equipped with a continuous breathing sensor that enables remote monitoring of patients with respiratory conditions like asthma and chronic obstructive pulmonary disease. By connecting the device to a mobile application, patients and healthcare providers can access critical respiratory data, facilitating informed decision-making and improved management of respiratory health.

Wearwell

Pre Seed Round in 2018
Wearwell LLC offers online apparel retail on subscription. It provides women cloth. The company was founded in 2015 and is based in Philadelphia, Pennsylvania.

Strados Labs

Grant in 2017
Strados Labs, LLC is a medical technology company based in Philadelphia, Pennsylvania, that focuses on innovating respiratory health management through advanced biosensors and artificial intelligence. Founded in 2016, Strados Labs develops a wearable device that provides real-time insights into respiratory metrics such as breathing speed, sounds, and patterns. This device is equipped with a continuous breathing sensor that enables remote monitoring of patients with respiratory conditions like asthma and chronic obstructive pulmonary disease. By connecting the device to a mobile application, patients and healthcare providers can access critical respiratory data, facilitating informed decision-making and improved management of respiratory health.

ROAR

Seed Round in 2016
ROAR for Good LLC is a woman-led technology company based in Philadelphia, Pennsylvania, focused on enhancing personal safety through innovative solutions. Established in 2014, the company designs self-defense jewelry and mobile technology aimed at reducing assault incidents, particularly against women. Its flagship product, the AlwaysOn employee safety platform, caters specifically to the hotel industry, ensuring compliance with safety standards while promoting employee well-being. The platform operates on mission-critical networks, providing reliable protection even without Wi-Fi or power. Additionally, ROAR for Good offers self-defense education to empower women and improve workplace safety across various sectors, including hospitality and healthcare.

Shock Analytics

Seed Round in 2016
Shock Analytics LLC is an early-stage biomedical device company based in Philadelphia, Pennsylvania, founded in 2016. The firm specializes in designing and manufacturing noninvasive devices that estimate Systemic Vascular Resistance (SVR), a critical indicator for conditions such as congestive heart failure and sepsis. By utilizing hemodynamic information, Shock Analytics aims to provide medical professionals with innovative tools to improve the treatment and management of critically and chronically ill patients. Through its focus on smarter technologies, the company seeks to transform the landscape of biomedical diagnostics and enhance patient care.

Animotion

Seed Round in 2016
Animotion is affordable mobile technology for joint care. Our data facilitates more accurate diagnoses, individualized motivation for at-home treatment, and monitored assessment of effectiveness to reduce readmissions and improve quality of care. Animotion links to web and mobile software applications for real-time instant access.

ROAR

Seed Round in 2015
ROAR for Good LLC is a woman-led technology company based in Philadelphia, Pennsylvania, focused on enhancing personal safety through innovative solutions. Established in 2014, the company designs self-defense jewelry and mobile technology aimed at reducing assault incidents, particularly against women. Its flagship product, the AlwaysOn employee safety platform, caters specifically to the hotel industry, ensuring compliance with safety standards while promoting employee well-being. The platform operates on mission-critical networks, providing reliable protection even without Wi-Fi or power. Additionally, ROAR for Good offers self-defense education to empower women and improve workplace safety across various sectors, including hospitality and healthcare.

TowerView Health

Seed Round in 2015
TowerView helps the 1 in 3 Americans with a chronic illness manage multiple medications. TowerView’s patients receive pre-filled medication trays that fit into a connected pillbox like a K-Cup into a Keurig coffee machine. Their pillbox can sense when patients forget a dose and automatically sends a text or phone reminder. Unlike other smart pillboxes, they send patients pre-filled medication trays sourced from a pharmacy so patients never have to fill their own pillbox and they work directly with nurses​ to target outreach for non-adherent patients. TowerView is rolling out with Independence Blue Cross in January 2015 and are in advanced discussions with numerous other health plans.

Fitly

Seed Round in 2014
Fitly, Inc. is a Philadelphia-based company that develops a mobile web application and a countertop device aimed at helping families and children plan, purchase, and prepare healthy meals. The core product, SmartPlate, utilizes advanced food recognition technology to provide users with personalized meal plans based on specific health goals. By pairing the SmartPlate app with a countertop device, users can achieve precise image recognition and nutrient tracking, accessing a comprehensive database of food items for easy tracking. SmartPlate offers personalized guidance on various health aspects, including weight management, energy levels, portion control, and dietary needs. The device is designed to improve the efficiency of meal tracking significantly, aiming to enhance accountability for users managing their diets, whether for weight loss, athletic performance, or chronic illness management. Incorporating advanced object recognition and load sensors, SmartPlate delivers accurate meal analysis, positioning itself as an innovative alternative to traditional calorie-counting methods.

S4 Worldwide

Seed Round in 2012
S4 Worldwide, LLC, based in Doylestown, Pennsylvania, specializes in developing public safety security and surveillance products tailored for the private sector. The company offers a range of innovative solutions, including the Audiovox/S4W GPS body camera designed for law enforcement, which captures high-definition audio and video. Other notable products include the Sentry Drone Video Security and Surveillance system for real-time situational awareness, as well as an unauthorized drone detection system that provides alerts and evidence collection. S4 Worldwide also supplies mobile surveillance trailers powered by solar and wind energy, facilitating data collection from remote locations. Their portfolio extends to secure fit restraint mitts, emergency call boxes for remote communications, and mobile gates for vehicle checkpoint management. The company's technologies aim to aid in protecting against theft, vandalism, and intrusions while supporting compliance with safety regulations. S4 Worldwide serves various industries, including law enforcement, military, healthcare, and agriculture, and has been operational since its incorporation in 2010.

Novasentis

Series A in 2008
Novasentis (formerly Strategic Polymer Sciences, Inc.), created the world’s first electro-mechanical polymer (EMP), the thinnest and most flexible haptic actuator and sensor technology today, used to develop mobile and wearable products that come alive with movement and sound. By bridging consumer electronics and sensory interaction, Novasentis enables 4D spatial tactile experiences and next-generation mobile product designs. Novasentis is privately funded. The company is based in San Francisco Bay Area and has offices in Pennsylvania, Korea, and Tokyo. More information on Novasentis is online at www.novasentis.com
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