Friday, July 3, 2015

Deal round-up: Ben bucks; Viet Rohm; Virtua builds

Ben Franklin Tech Partners backs wrinkle cream, breast cancer detection, and ohter small business; Rohm & Haas in Vietnam; Virtua in Washington Township (GloCo).

Deal round-up: Ben bucks; Viet Rohm; Virtua builds

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  Ben Franklin Technology Partners, the taxpayer-backed Pennsylvania start-up financier, spreads $2.3 million to sell wrinkle cream, water heating, online ads and other small business plans:
  Bret J. Dunlap's Advanced Mobile Solutions Worldwide Inc., Wayne, which sells mobile-phone ad software to newspapers, $250,000.

  Shimin Luo's American Hometec Inc., which designs tankless water heating systems, $100,000. Luo has promised to move the company to Pennsylvania.
  ColdLight Solutions LLC, Fort Washington, which offers data-oriented market research, $250,000.
  Kevin Casey's Collages.net Inc., Langhorne, a Web site developer, $150,000., bringing total Ben and related support to $500,000.

  Keith A. Greathouse (ex-Dermik Labs)'s DermAdvance Pharmaceuticals Inc., Berwyn, anti-wrinkle cream, $500,000.
  Chris Conway's Healthy Humans LLC, Wayne, which is setting up a Web site for sick people "to live healthy and well," $150,000.
  Dan Roitman's Internet Order LLC, Philadelphia, which direct-markets Pimsleur language courses, $200,000.
  Paul Mellon Jr.'s Novetas (formerly New Age Blast Media, part of stud-welder New Age Fastening Systems Inc.), which recyles glass for use in sand-blasting, is moving to Pennsylvania to collect $300,000.
  Susan Ng's and Peter Ringer's Real-Time Tomography, LLC, Villanova,  breast cancer imaging, $150,000.

  Chris Stanchak's TicketLeap LLC, online event ticket sales, $250,000.

  Other deals today:
  Rohm & Haas adds a Vietnam plant to its global operations. Inquirer story here.
  Virtua starts work on its $32 million Washington Township (Gloucester) facility. Inquirer story here

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Joseph N. DiStefano
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