Participated · Equity · Jun 2014

Sidecar Interactive is a Center City–based marketing technology firm led by CEO Andre Golsorkhi. The company plans to use the $7.5M follow-on round to invest in engineering staff to expand its core product and to boost hiring across the organization. Sidecar has almost doubled its headcount in the past year, according to Golsorkhi. Including this Series C1 follow-on, the company has raised a total of $33.5 million in venture capital. The recent funding follows an $11 million Series C in May 2017. The round was made up of existing investors including Harbert Growth Partners, Osage Venture Partners, Ascent Venture Partners, Robin Hood Ventures and Ben Franklin Technology Partners of Southeastern Pennsylvania (the latter invested via the GO Philly Fund). Sidecar is a Philadelphia-based provider of a SaaS e-commerce marketing platform that leverages advanced machine learning and deep data science to optimize shopping campaigns on Google, Facebook, and Bing. The company’s platform helps retailers run and optimize cross-channel shopping campaigns. Customers include Moosejaw and Vermont Teddy Bear. Led by founder and CEO Andre Golsorkhi, Sidecar focuses on enhancing its machine learning technology and scaling its team. The company said it will use the new funding to accelerate product development and hire additional staff. No revenue or user metrics were disclosed in the article. Sidecar develops e-commerce marketing technology that uses machine learning to connect consumers to relevant retail products across paid marketing channels where consumers shop. The platform programmatically links retailers' inventory to the most relevant consumers and is used by brands such as NewEgg, Nuts.com, GNC and Choxi. Andre Golsorkhi is the company's founder and CEO. The company says it will use new funding to further develop technologies that optimize product advertising channels. It also plans to increase its sales and marketing efforts to expand adoption. The article reports the company completed a Series B financing round to support these initiatives. Sidecar is a Philadelphia, PA–based startup that provides a big-data marketing platform for e-commerce companies. Led by CEO and founder Andre Golsorkhi, the company automates data-driven decisions by combining website, catalog, consumer and competitive data. Its platform delivers programmatic marketing across paid search, comparison-shopping engines, product listing ads, onsite product recommendations, and email retargeting. The technology is used by large online retailers, including several Top 100 Internet Retailers such as Newegg, Fanatics, RueLaLa and nomorerack. Sidecar maintains a secondary office in New York, NY. In June 2014 Sidecar raised $3.1M in funding. Sidecar is an online marketing platform that does business as Sidecar while remaining incorporated as Snipi. The company is led by Andre Golsorkhi and underwent a pivot and name change in 2011. In August 2011 it raised a $2.5 million round led by Innovation Ventures following that pivot. Last November it received $110,000 from Benjamin Franklin Technology Partners, marking BFTP's second investment in the company. An SEC filing shows Sidecar most recently raised $1.5 million from investors including Robin Hood Ventures, NextStage Capital and Wilmington, Del.-based Innovation Ventures. Karen Griffith Gryga of DreamIt Ventures and David Freschman of Innovation Ventures sit on Sidecar's board.

Led · Equity · May 2011

Careerminds Group provides affordable online outplacement and career transition services to organizations that are downsizing or reorganizing, leveraging a Web 2.0 e-learning platform. The company is based in Hockessin, Delaware, and is led by CEO Raymond Lee. Its core product is a web-based career transition platform aimed at supporting employees through job search and transition processes. Careerminds closed a $1.285M venture capital financing to support growth. It intends to use the funds for sales and marketing development, technology and core-platform enhancements, and general working capital. Strategic investor Jack Gavin will serve as Chairman of the Board.

Led · Series C · Oct 2009

Centice develops portable, non-destructive chemical identification systems using patented Raman spectroscopy and coded-aperture sensor designs. Its flagship product, the Mobile Field Lab-3000 (MFL-3000), was introduced in December 2011 to help law enforcement identify controlled prescription drugs and has since added a database of over 100 illicit narcotics and cutting agents. The device compares unique spectral fingerprints to an embedded proprietary database of over 3,600 illegal narcotics, cutting agents and controlled prescription drugs for rapid presumptive identification. Centice sells directly and through distributors into law enforcement, homeland security and scientific analytical markets. The company announced an initial $1M convertible-debt closing as part of a Series D financing of up to $8M and plans to use proceeds to expand the market for MFL-3000 and introduce additional products in 2013. Management also intends to expand sales and marketing, hire additional experts, and develop new technology with the funding. Centice Corporation develops PASS Rx, a prescription verification product for the retail and hospital outpatient pharmacy marketplace. Its flagship product improves the verification process for dispensed medications, thereby improving quality and optimizing pharmacy workflow. The company is preparing to commercialize release 3.0 of PASS Rx and will use new funding to support positioning, marketing and nationwide sales. Centice completed a $6.1M Series C financing to support these commercialization efforts. Founded in 2004 and headquartered in Morrisville, NC, the company targets pharmacies nationwide. CEO Scott Albert said the funds will allow the company to appropriately position, market and sell the product to pharmacies across the U.S.