5 notable Series B financing efforts from 2014

December 19th, 2014 | Philadelphia Business Journal by Lauren Hertzler

As the year comes to a close, these five Philadelphia technology startups can look back on 2014 with pride. They all successfully raised Series B financing rounds, a massive accomplishment for a growing business.

When a startup meets significant milestones, it’s likely to secure a Series B round, if it’s going the investor route. The financing round before Series B is Series A, understandably.

  • In June, Curalate, which has had consistent growth in its product’s offerings, raised $8.6 million from longtime investors New Enterprise Associates, First Round Capital and MentorTech Ventures. Vayner RSE, social media guru Gary Vaynerchuk‘s venture firm, also joined in on the funding for Curalate, a 2-year-old analytics and marketing suite for Pinterest, Instagram, Facebook and Tumblr.
  • RJMetrics unveiled in September that it had raised a massive $16.5 million, led by Silicon Valley-based August Capital, which has invested in a slew of successful businesses like Microsoft, Skype and Sun Microsystems. RJMetrics’ co-founder and CEO Robert Moore said the new funding would go toward accelerating the analytics platform’s product development and continuing customer growth.
  • Aclaris Therapeutics is a dermatology biotech company that raised $21 million in a private stock sale in October. The Series B venture capital financing followed the company’s completion of a phase-II clinical trial that yielded positive results for its lead product candidate, A-101, which is being developed as treatment for a common type of skin tumor known as seborrheic keratoses.
  • Earlier this month, Zonoff announced that it raised $31.8 million. Last November, Zonoff entered into an agreement with Staples to provide the software platform that powers Staples Connect, a home automation solution found in hundreds of Staples retail stores today.
  • LiquidHub, a systems integrator and technology consultancy that works with businesses to improve customer engagement and drive growth, announced a $53 million investment led by private equity firm ChrysCapital in March. The investment supports LiquidHub’s development plans — including more strategic mergers and acquisitions (like the one with Foundry9 in October.)

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Mayor Michael Nutter cuts ribbon on Curalate’s new Center City office

July 12 | Technically Philly by Juliana Reyes

It was the second time that Nutter has celebrated a new startup office in less than a month, cutting the ribbon at Artisan Mobile’s new Old City office in late June. It’s a sign of the times — and Nutter’s priorities — that he’s throwing his weight behind startups that are still early-stage, with a few dozen employees, instead of only applauding big name tech companies that have moved to the city, like Fiberlink, Bentley Systems and First Round Capital.

Mayor Michael Nutter celebrated Curalate‘s new Center City office at a ribbon cutting yesterday. Growing from three employees last summer to 21, the visual analytics firm had outgrown its office space at First Round Capital‘s University City headquarters. At the ribbon cutting, Curalate CEO Apu Gupta said his company’s growth was a sign that Philadelphia can be a place for tech companies to thrive. “Great opportunities don’t need to be found in the Valley, or the Alley,” Gupta said. “They can be found right on the banks of the Schuylkill,” referring to his new office that lines the river at 24th and Walnut Streets.

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Mayor Nutter touts startup’s new office, growth

July 11, 2013 | Philadelphia Business Journal by Peter Key

Curalate celebrated its move to a new Center City location Thursday with a visit from Philadelphia Mayor Michael Nutter.

“Curalate’s growth is yet another sign that Philadelphia is increasingly becoming a hub for fast-growing technology companies and a place for entrepreneurs to start and grow their businesses,” Nutter said in a statement released by his office.

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