Ben Franklin Technology Partners of Central and Northern Pennsylvania recently announced another round of funding, adding six more companies to its investment portfolio. The funding totaled $270,000.
The early-stage seed investor has been pumping funds into the region’s startup economy for more than 30 years. The latest round includes State College software company West Arete, which created “Contributary,” a platform that allows community foundations to host “giving day” events. According to the company, the platform will be first used by the Centre Foundation for Centre Gives on May 9 and May 10.
Ben Franklin Technology Partners invested $75,000 in the company.
“The money we invest in tech startups is used to further develop and commercialize new products,” said Liz Wilson, director of marketing and communications.
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As recently as December, Ben Franklin Technology Partners invested more than $835,000 in 11 company projects, including five in Centre County.
The other five companies, all based in the seed investor’s 32-county footprint, included ideas for an educational content management system, a professional development platform for educators, a folding boat trailer, an e-commerce site for Mason Jar-related items and small oscillators for electronic communications devices.