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Innovation & Job News

SnipSnap's hot streak continues, among six funded in latest Ben Franklin Technology Partners round

Thirty thousand downloads can't be wrong. SnipSnap was one of six companies to receive a combined $675,000 in funding from Ben Franklin Technology Partners of Southeastern Pennsylvania, announced on Monday.
 
SnipSnap, which won Switch Philly during Philly Tech Week last month, received $50,000 toward technology that allows users to more effectively organize coupons.
 
Also receiving funding were:
 
Zonoff Inc. of Malvern pulled in $200,000 for its suite of home energy automation hardware and software products, the Diplomat Home Control Platform. Znoff is a spinoff of another Ben Franklin portfolio company, BuLogics.
 
GroupAppz Inc. of Fort Washington earned $150,000 for its development of mobile and web-based apps that improve group-oriented activity like business collaboration and member engagement.
 
PeopleLinx of Philadelphia also earned $150,000 for its business software that shapes and directs employees' use of social media tools.
 
Cross X Platform of Audobon received $100,000 for its shared services solution that includes cloud-based collaborative sales and recruiting engines, efficient back-office support, leadership and capital to increase speed and operational agility.
 
Syandus of Exton took in $25,000 for its digital medical education programs that use learning simulations to help doctors better learn to diagnose and manage diseases. Ben Franklin previously invested $150,000 in the company.
 
Source: Jaron Rhodes, Ben Franklin Technology Partners of Southeastern Pennsylvania
Writer: Joe Petrucci
 
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