Ben Franklin Technology Partners

Ben Franklin has provided the Capital, Knowledge and Networks that help innovative enterprises compete in the global marketplace, generating wealth and supporting regional economic growth. Ben Franklin has invested more than $165 million to grow more than 1,750 regional enterprises, across all areas of technology. It has launched university/industry partnerships that accelerate scientific discoveries to commercialization. The Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.

Scott Nissenbaum

President and CEO

56 past transactions

Navengage

Seed Round in 2022
Navengage Education Technologies Inc. is a software development company that specializes in higher education technology. Our student engagement and organization management platforms help students navigate university resources and engage in co-curricular opportunities that accelerate personal, professional, and social development. We are on a mission to help universities organize and optimize their student engagement. Learn more by visiting www.navengage.com

ReturnLogic

Series A in 2022
ReturnLogic stands at the forefront, pioneering a revolution in returns management. Our mission is clear and ambitious: to leverage the power of AI and an API-first strategy to transform the way retailers approach returns, turning a traditionally cumbersome process into a strategic asset.

CollX

Pre Seed Round in 2022
CollX (pronounced “collects”) is the fastest way to figure out what your cards are worth. Snap photos of them and instantly get the current market price. The company was founded in 2021 and is headquartered in Haddonfield, New Jersey, United States.

Houwzer

Series B in 2022
Houwzer is a next-generation real estate brokerage and home services company built around the customer. Its full-service, salaried agents and mortgage advisors help homeowners save when they sell and trust when they buy. Houwzer’s proprietary technology is an end-to-end platform that streamlines the entire transaction from consultation to closing with an integrated one-stop shopping experience. The company employs seller and buyer agent specialists, who receive salaries instead of commissions, allowing them to focus on service, not just sales. Houwzer has maintained an industry-leading Net Promoter Score of 84 and an average rating of 4.9 out of 5 stars from hundreds of client reviews online. Since launching in 2015, Houwzer has saved home sellers on the East Coast millions and helped clients buy or sell thousands of homes worth more than $1 billion.

OEE DataWatch

Seed Round in 2022
OEE DataWatch is an automation system integration company that delivers high-performance automation solutions to manufacturers. It helps system integrators take control of their processes and data to create an efficient production environment with minimal downtime, high production quality, and optimum overall equipment effectiveness.

InspectionGo

Seed Round in 2022
InspectionGo is a home inspector company providing a variety of services to help inspection companies. It provides digital exhibition, and back-end services such as accounting, marketing, coaching, and inside sales to home inspectors across the nation. The company was founded in 2019 and is based in Morgantown, WV.

Wilya

Pre Seed Round in 2021
Wilya utilizing their significant knowledge in manufacturing and human resources, realized the need for technologies that could assist manufacturers in successfully managing a flexible workforce. Wilya revolutionary SaaS software platform promises to benefit both factories and workers by enabling a more dynamic and engaged workforce.

SkillCycle

Seed Round in 2021
GoCoach is help to get solid advice from professional career coaches. GoCoach, they know that growth is fundamental to the happiness of all human beings. It is their mission to make it easy for everyone to grow in their careers, unlock their potential, and achieve greater happiness. They envision a world where people have the tools they need to grow in a transparent, safe, and supportive work environments. By making career growth accessible, they are investing in a happier, more empowered world.

WaveClear

Series A in 2020
WaveClear specializes in medical device design and development, focusing on markets for ultrasonic therapeutic devices for the treatment of occlusive vasculature.
Decontamination Specialty Equipment is specialized in portable decontamination generators and integrated room decontamination systems, for the pharmaceutical, research, and healthcare markets.

Laughing Owl Press

Grant in 2020
Laughing Owl Press is building a platform that enables its clients to create and purchase premium letterpress printed items online.
Transparent Health Marketplace (THM) operates the first marketplace of its kind to connect payors and providers of workers’ compensation healthcare services in an open platform featuring market-driven pricing. Replacing outmoded network contract models with its innovative new marketplace approach, THM allows providers to name their price and to be paid quickly the exact amount they bid for contracts they are awarded. Transparent Health Marketplace was founded in 2016 by Eric Hanson and is based in Wayne, Pennsylvania.

Circonus

Series A in 2020
Circonus is the monitoring and analytics platform built for the modern-day enterprise. Circonus delivers crystal-clear, real-time visibility of the behavior, health, trends, and performance of traditional infrastructure and cloud-based technologies in one powerful, unified platform. Led by experts in large-scale distributed systems and data science, Circonus is pioneering the way that telemetry data at scale is leveraged throughout the enterprise to drive smarter operations, deploy faster, make better decisions, and deliver mission-critical services with confidence. The company was founded in 2010 and is headquartered near Philadelphia, PA.

Kijenzi

Seed Round in 2019
Kijenzi supplies institutions serving their communities with the products they need using distributed, localized manufacturing. We digitize the supply chain to deliver critical, hard to get items so that you can get back to doing what you do best… helping people.

EVERMIND

Private Equity Round in 2019
The Company conducts business as a developer, marketer, distributor and seller of natural-source, plant-based, science-supported functional food and beverage products for cognitive health and other related products under the “EVERMIND” trade name.

SOLO Laboratories

Grant in 2019
SOLO Labs is a leading provider of orthotic and podiatric products and services that improves the quality of life for individuals.

Polytek Development

Grant in 2019
Polytek Development Corp. manufactures the most complete and versatile line of liquid mold rubbers, liquid casting plastics/resins/foams and other specialty molding and casting materials. These mold materials include two-part, high-performance RTV polyurethane silicone as well as one-part latex and other specialty systems. Polytek liquid rubbers and plastics are used in countless applications where the flexibility and ease-of-use of rubber molds are needed to create exact, highly detailed reproductions of any original model in concrete, plaster, resin, foam, wax and more. Individual artists, sculptors, hobbyists, model makers and industrial users rely on Polytek products and technical support to accurately mold and reproduce parts quickly, consistently and cost-effectively.

PMA-13

Grant in 2019
PMA-13 is a company doing Supply Chain Research to streamline its signage production system.

Lamtec

Grant in 2019
Lamtec Corporation is a global supplier of insulation vapor retarders and facings to the leading manufacturers, laminators and fabricators of fiberglass, rockwool, foam board and tape. Their focus is the building products market, specifically the Metal Building, Duct Wrap, Duct Board, Pipe, Foam Board / Panel, Tape and OEM insulation segments.

FMI

Grant in 2019
FMI was founded as Fragrance Manufacturing, Inc. in 1992 by Kevin Rhodes in a 10,000 square foot facility in Easton, PA. Prior to founding FMI, Kevin worked for Procter & Gamble’s manufacturing plants in Staten Island, NY and Avenel, NJ. Based on Kevin’s experience at P&G’s Avenel Perfume plant, FMI’s original focus was providing contract manufacturing services to the industrial fragrance industry.

Tower Products

Grant in 2019
Tower Products is a manufacturer of environmentally sensitive pressroom chemistry based in Easton, PA. Tower manufactures a full range of pressroom chemical products that perform without sacrificing worker safety and improve environmental compliance. The company maintains more than 25 OEM product approvals for automatic wash equipment, cleaning technologies, and fountain solution products, including products with FOGRA certifications.
Founded in 1962, Misco Products Corporation is a manufacturer of liquid cleaning chemicals used primarily in exclusive branding for the janitorial sanitation, food service, education, healthcare and other commercial and industrial markets. Misco offers an innovative product line with environmentally safe options supporting private branding initiatives. Our products range from cleaners and coatings, to floor care, restroom care, degreasers and cleaners, hard surface disinfectants, hand care and dilution control alternatives. As a flexible, custom, made to order manufacturer with well over 1,600 unique formulations, 60 packaging sizes, low minimums and rapid order turns, Misco has become a service based company viewed by the industry as “The leader in Exclusive Branding”.

Heyco Metals

Grant in 2019
Heyco Metals is a precision mill that produces copper and copper alloy coil and stainless steel strip to exacting specifications for use in automotive, medical, aerospace, connectors, and consumer electronics markets, including ventilators and testing products.

Cougle’s Recycling

Grant in 2019
Cougle’s Recycling is an environmentally conscious post-consumer and post-industrial recycler. The company continues to seek an efficient and responsible method to manage multiple waste streams.

Orai

Seed Round in 2019
Enterprises use Orai to run communication and soft skill training in a cost effective and scalable manner. Orai is an AI speech coach that helps people become more effective and confident communicators. We have over 300k users on our iOS and Android app, and to date Orai has given AI-driven feedback on over 2M recordings.

Houwzer

Seed Round in 2019
Houwzer is a next-generation real estate brokerage and home services company built around the customer. Its full-service, salaried agents and mortgage advisors help homeowners save when they sell and trust when they buy. Houwzer’s proprietary technology is an end-to-end platform that streamlines the entire transaction from consultation to closing with an integrated one-stop shopping experience. The company employs seller and buyer agent specialists, who receive salaries instead of commissions, allowing them to focus on service, not just sales. Houwzer has maintained an industry-leading Net Promoter Score of 84 and an average rating of 4.9 out of 5 stars from hundreds of client reviews online. Since launching in 2015, Houwzer has saved home sellers on the East Coast millions and helped clients buy or sell thousands of homes worth more than $1 billion.

Halo Labs

Series B in 2018
Halo Labs (formerly Optofluidics) is a venture-backed scientific instrumentation company that commercializes high throughput biopharmaceutical quality control tools using the latest optics, image processing, and microfluidics. Its investors and development partners include BioAdvance, the National Science Foundation, the Defense Advanced Research Projects Agency, and the Ben Franklin Technology Partners. In 2012 Optofluidics was named Philadelphia Life Sciences startup of the year. The company was founded in 2011 and headquartered in Pennsylvania, United States.

FullStac LLC

Convertible Note in 2018
Founded with a focus of creating and developing cloud based SaaS solutions for eCommerce and business management targeted towards small businesses.

NeuroFlow

Venture Round in 2018
NeuroFlow is a platform to be a resource and asset to healthcare providers in their pursuit to get patients better and improve lives. It is a cloud-based platform that empowers healthcare providers to track, assess, and engage patients using evidence-based practices to support their mental health. The suite of tools supports remote monitoring and behavioral health integration across the continuum of care, including psychology, primary care, and pain management settings, to increase patient engagement and improve compliance.

Cagent Vascular

Series B in 2018
Cagent Vascular develops a serration technology for improving the treatment of cardiovascular disease. Its commercialized angioplasty balloon with serration technology treats blocked arteries in the leg or peripheral artery disease and chronic limb-threatening ischemia.

Play Impossible

Venture Round in 2018
The Play Impossible Gameball™ is a multi-sport, mobile device-connected ball designed for indoor and outdoor recreational activities. The company has developed a smart, connected inflatable ball that looks completely normal from the outside but has a bevy of electronics inside — accelerator, barometer, microcontroller, ultracapacitor, etc. — and sends real-time data via Bluetooth to an accompanying iOS or Android smartphone app, which lets people play different games and record highlight videos. A charging stick gives the ball two hours of play in just 20 seconds.

BeneFix

Seed Round in 2018
In a part of the country where it’s more common to see an Amish buggy than an electric car, BeneFix, an insurTech start-up, is working to change how health insurance brokers manage small group benefits with their simple, speedy, and secure technology. BeneFix offers health insurance brokers a digital platform that delivers 100% accurate quotes 100 times faster. Based in Lancaster, Pa., BeneFix manages data from thousands of plans offered by major carriers in Pennsylvania and New Jersey, offering quotes in minutes from a simple-to-use online interface reminiscent of Zillow. Less than two years after founder Matt Ranauro first had the idea for the platform, the business had a brick-and-mortar office in Lancaster City, over 1,000 customers, and, most recently, became one of nine central Pennsylvania finalists competing for a $100,000 investment from AOL co-founder Steve Case’s “Rise of the Rest” initiative. The success is due, Ranauro believes, to three factors. First, his own passion for the product. Ranauro has co-founded several tech companies, most notably ILL Co., a company that has built apps for HBO and Nickelodeon, analytics platforms for KPMG and products for the Mayo Clinic. With each company, Ranauro needed to find health insurance for himself and his co-founders and employees. “It took about two months just to find out what was available, then get enrolled in those products.” He said. “Which seems crazy, right? In 2017?” The question became: how do we streamline this and make it a better experience for everyone? Ranauro’s previous experience is the second factor that contributes to the success and growth of BeneFix. The final is the Insurtech industry itself. With insurance, and health insurance particularly, still lagging behind other industries in terms of using and creating technologies that work, the Insurtech industry, a $4.5 trillion industry, has attracted the attention of venture capitalists and tech entrepreneurs alike. Lancaster (Ranauro’s hometown) may be Amish country, full of farms, buggies and country roads, but BeneFix is out to prove that it’s also fertile soil for creating a company that will revolutionize the health insurance industries’ outdated model.

xtraCHEF

Seed Round in 2018
xtraCHEF is a cloud-based restaurant management platform that gives finance and operations teams the tools and insights to improve productivity and profits. By digitizing your invoices with xtraCHEF, your restaurant can unlock data and insights to drive better decision making...from recipe and inventory management to more informed purchasing and vendor negotiations. You can even earn cash back in the form of manufacturer rebates.

RideKleen

Seed Round in 2017
KleenCare Technology will revolutionize the car wash industry. They provide a cloud based fleet management tool for their commercial customers. Their car wash application will eliminate the hassle of the stand-alone car wash, bringing state of the art cleaning right to you.

Whose Your Landlord

Seed Round in 2017
Whose Your Landlord is a multipurpose platform that empowers and informs the rental community. We use the information provided by our renters to extend feedback to landlords, improve the tenants' experience, and reduce turnover. On WYL renters post landlord reviews, receive community-centered insights, and are given access to quality listings.
COSY is an information technology company that specializes in the fields of artificial intelligence, computer vision, machine perception, and software as a service. The company focuses on leveraging University research for enabling industry solutions in computer vision, perception, and artificial intelligence.

Kynectiv

Grant in 2017
DecisionSim is a simulation-based learning platform that enhances decision-making by allowing organizations to easily create assessment, education, and training programs that deliver insights and improve outcomes through “real-world” engagement.

Photosonix Medical

Grant in 2017
Photosonix Medical develops CLENS™ (Coincident Light Energy and Non-focused ultraSound), an energy-based therapy which synergistically combines light and ultrasound to treat chronic bacterial infections known as biofilms. The company targets dermal diseases, specifically moderate to severe acne. Its target prescribers include dermatologists and primary care physicians. Photosonix Medical is based in Ambler, Pennsylvania.

Advent Therapeutics

Grant in 2017
Advent Therapeutics is focused on providing therapies for micro-orphan applications. The company is based in Lumberville, Pennsylvania.

Jenrin Discovery

Grant in 2017
Jenrin Discovery, is a pharmaceutical company, focuses on developing therapeutics for a variety of chronic diseases. It develops therapeutics for various diseases, including obesity, diabetes, and autoimmune/inflammatory disorders.

FidoCure

Grant in 2017
FidoCure is transforming canine cancer care through AI-driven precision medicine. By harnessing data from naturally occurring canine cancers via next-generation sequencing and clinical information, FidoCure has developed the world's largest proprietary learning database for canine cancer. FidoCure is pioneering first-in-class care for canine cancer, which represents the largest unmet need for pet dogs. By connecting human and veterinary oncology, FidoCure enhances comparative oncology, improves outcomes across species, and creates new opportunities for drug development that benefit both pets and humans.

Versify Solutions

Venture Round in 2016
Versify is a provider of analytical and performance management solutions for the Energy and Utility industry. The software is used by power traders, generation managers, compliance officers, and leading renewable energy providers in the area of Wind and Distributed Generation. Versify's strength is the ability to present complex market and pricing data along with operational data in a near real time basis for ease of use that allows for rapid decision making and delivers rapid ROI. Versify helps clients optimize asset performance, reduce risk, and drive significant cost savings and revenue. It enables power producers and reliability coordinators to optimize key functions and processes for asset performance, event logging, outage management, trading, and compliance to improve operational and financial performance. It was founded in 2005 and headquartered in Glen Mills, Pennsylvania.

ReturnLogic

Angel Round in 2014
ReturnLogic stands at the forefront, pioneering a revolution in returns management. Our mission is clear and ambitious: to leverage the power of AI and an API-first strategy to transform the way retailers approach returns, turning a traditionally cumbersome process into a strategic asset.

Shenandoah Studios

Seed Round in 2013
Shenandoah is a development studio focused on turn-based strategy games for the iPad. They bring decades of experience in game and interface design, graphic production, and software development to the unique challenges and opportunities of this wonderful gaming platform.

Valor Connect

Seed Round in 2013
Professional networking doesn’t need to be an awkward, buttoned up, hyper-formal event. Professional networking can be as easy as swiping right. Valor Connect is a new mobile app applying the same principles of the most successful dating apps -- the swipe feature from Tinder, the compatibility algorithms from eHarmony -- to make finding and connecting with professionals you don’t yet know, but probably should, easier and more efficient than ever before. Valor Connect is the ideal networking solution for whatever your goals are: - Consultants looking for business - Recruiters looking for candidates - Job seekers looking for opportunities - Students looking for mentors - Entrepreneurs looking for partners - Professionals looking to find industry experts - Individuals trying to expand their horizons Who you know often matters more than what you know -- it’s true. That’s precisely why networking is so crucial in building a career. But there’s an inherent problem with this system: the traditional networking process is awkward, time-consuming, and inefficient. People often fall short of their full potential because they can’t find the RIGHT people to connect with to locate the RIGHT opportunities for them. Networking at events is particularly challenging, and meeting interesting people is often a crapshoot. In addition to general networking, the other primary market for Valor Connect is conferences and events. Valor Connect provides an enhanced way for attendees to make valuable connections before, during and after events - all while also helping event organizers obtain potent metrics to really understand and know their attendees goals and interests. Whether you are trying to identify the right people at an event, find an alumni mentor, or network with people in your organization, Valor Connect has made the process of finding inspiring people incredibly simple: 1. Log in with your LinkedIn or Facebook account. 2. Tap your professional and personal interests from a wall of tags. 3. Sit back and let our algorithm do all the work for you 4. Review your new curated stack of profile cards each day -- swipe right if you agree that they’d be a good person to meet, left if not. 5. Once both parties swipe yes, start messaging your new connection in-app. At first glance, it may seem like Valor Connect is going head-to-head against LinkedIn, but the two actually form a symbiotic relationship. Valor Connect is not a competitor to LinkedIn; Valor Connect is a precursor to LinkedIn. LinkedIn is useful for storing your existing professional connections. The process is typically: meet someone in person at an event, through a connection, etc., and then connect on LinkedIn. The process on Valor is the opposite: meet on Valor, then connect in person at an event, conference, over the phone, email etc., and ultimately connect on LinkedIn. Meet on Valor, then connect on LinkedIn.

Vista Media Group

Seed Round in 2013
Vista Media Group, Inc. engages in outdoor advertising business.

Vistar Media

Seed Round in 2013
Vistar Media is a location-based ad technology company that is changing how the world buys and sells mobile and digital out-of-home media. They believe that location-based data from consumers’ real world activity provides unparalleled opportunities for brand marketers. Vistar Media has built the technology that enables this data to be seamlessly activated across all location-based media.

vcopious Software

Private Equity Round in 2011
vcopious is your in virtual environments for Training, Conferences, Trade Shows, Webinars, Seminars, Career Fairs, and Briefings. vcopious is a virtual environment software platform that enables companies to connect with their global communities to build brands, increase lead generation and engage target audiences. By capturing relevant user metrics in real time, vcopious enables companies to gain actionable insights for applications ranging from product launches, customer service portals and hybrid conferences, to employee training and virtual events. vcopious software can be deployed in a licensed, hosted or SAAS environment. The vcopious software platform enables enterprises to seamlessly connect relevant internal assets, including E-commerce, CRM, social media, customer records, learning systems and contact centers, while collecting every user activity within the platform. vcopious is a leading cost-reduction and revenue enhancement strategy for multinational organizations across industry categories.

Versify Solutions

Series A in 2009
Versify is a provider of analytical and performance management solutions for the Energy and Utility industry. The software is used by power traders, generation managers, compliance officers, and leading renewable energy providers in the area of Wind and Distributed Generation. Versify's strength is the ability to present complex market and pricing data along with operational data in a near real time basis for ease of use that allows for rapid decision making and delivers rapid ROI. Versify helps clients optimize asset performance, reduce risk, and drive significant cost savings and revenue. It enables power producers and reliability coordinators to optimize key functions and processes for asset performance, event logging, outage management, trading, and compliance to improve operational and financial performance. It was founded in 2005 and headquartered in Glen Mills, Pennsylvania.

InstaMed

Venture Round in 2006
InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumer satisfaction.

InstaMed

Seed Round in 2005
InstaMed provides healthcare payment experience on one platform that connects consumers, providers, and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money, and healthcare data seamlessly, and improving consumer satisfaction.
Horizon Technology has developed highly complex and cost-effective solutions for metal powder products.
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