BFTP Invests $1.4M in 18 Early-Stage Firms with Return to Health Funding

Funding Rounds

Summary

The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) announces that it has made emergency investments in 18 regional start-ups totaling $1,435,500 to protect existing portfolio clients during the economic crisis caused by COVID-19. Optimize workflow to address supply chain risk, manage inventory through disruptions, and improve the company’s competitiveness during the economic downturn caused by COVID-19. HBT also builds and maintains group insurance premium billing platforms and offers agent license tracking and commission payments online. Allow OPTiMO to develop a cloud-based process automation tool that will streamline business workflows and reduce operating costs for greater efficiency for major clients in the U.S Government. Signallamp’s services are remote, engaging nurses and other clinical staff by telephone, text monitoring system, video conference, and/or other telehealth and telemedicine methods.

$ Funding

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Amount $100.0K Total raised
Date June 22, 2020 Announcement date
Investors Venture Capital for Bucks County (VC4BC) Lead investors
Company http://www.saladax.com Funded company

AskAI Classifications

Sectors
Fintech, Banking and Payments Core Banking Software General
Functions
Accounting and Taxes Budgeting and Forecasting Financial Reporting

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