Ben Franklin Technology Partners of Southeastern Pennsylvania

Ben Franklin Technology Partners of Southeastern Pennsylvania is a technology-focused capital provider based in Philadelphia, founded in 1982 to advance the region's technology community. The organization funds and supports technology companies across Pennsylvania, especially in information technology, health, and physical sciences, investing substantial capital in early-stage and established ventures. It has invested over 170 million dollars in more than 1,750 regional technology companies and has launched university-industry partnerships to translate scientific discoveries into commercial products, while seeding regional initiatives that strengthen the entrepreneurial ecosystem and create jobs.

Jonathan Beschen

Investment Director

Anthony George

Analyst

Jennifer Hartt

Managing Director

Kathie Jordan Ph.D

Managing Director

Roze McDevitt

Analyst

Past deals in Utilities

Viridity Energy

Funding Round in 2015
Viridity Energy, Inc. is a Philadelphia-based company that specializes in demand response, demand management, and battery storage solutions. Founded in 2008, it provides a software platform known as VPower, which employs peak-shaving algorithms and automated real-time sales to enhance cash revenue for commercial and industrial power users. The platform allows clients to optimize their energy profiles by forecasting market power prices and managing the complexity of their asset portfolios. Through strategic partnerships, Viridity Energy enables customers to engage more effectively with wholesale electric power markets, ultimately transforming energy usage into financial returns. As of March 2017, Viridity Energy operates as a subsidiary of Ormat Technologies, Inc.

H2O Degree

Seed Round in 2015
H2O Degree designs and supplies wireless submetering, leak detection, and thermostat control systems for multi-family facilities. Its solutions enable building owners and managers to monitor individual apartment water and energy usage, including water, domestic hot water, boiler and chiller energy, electricity, and gas, via wireless metering. The systems help identify leaks, monitor consumption, and automate temperature control, allowing maintenance teams to repair leaks and reduce wasted water and energy, thereby lowering utility costs. By providing granular usage data and alerts, H2O Degree supports asset managers in improving operational efficiency and tenant comfort.

Fischer Block

Seed Round in 2014
Fischer Block specializes in advanced sensor technology for the electrical power industry. It offers solutions such as ASAP Grid Sensor Analytics System, which simplifies installation and maintenance of large-scale sensor networks, and ASAP Pro Software Analytics System for data analysis. Serving industries like wind integration, solar inverting, manufacturing, oil and gas, mining, and hydro power, Fischer Block improves energy reliability and prevents power outages through predictive analytics.
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