Activate Ventures, located in Ben Franklin TechVentures, received $2.5 million in funding being released by the New PA Venture Capital Investment Program. The money is coming from the returns from previous investments made by the state-backed program. Glenn Bressner, managing partner of Activate Ventures, said the fund focuses on early-stage firms like Ben Franklin clients. Via Lehigh Valley Business: https://bit.ly/2wAHOUq
Ben Franklin News
PA Reinvesting VC Returns
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.