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Founded in 1983, Ben Franklin Technology Partners (BFTP) is based in Pennsylvania and operates as a statewide initiative. The firm has invested in over 4,500 technology-based companies, contributing to the creation of approximately 148,000 jobs and boosting Pennsylvania's economy by more than $25 billion. BFTP collaborates with the Pennsylvania Department of Community and Economic Development to support local innovation.
BFTP invests in early-stage technology firms and established manufacturers across sectors such as SaaS, healthcare, biotech, consumer, and industrial. The firm provides funding, business and technical expertise, and access to a network of resources to support client growth. Investment stages include pre-seed, seed, seed+, and Series A.
As of 2023, BFTP has moved its Southeastern Pennsylvania branch headquarters to Center City and secured a $4.8 million federal investment to expand the TechVentures® Lab capacity. The firm also announced over $2 million in investments for Q2 and welcomed new team members.
BFTP typically participates in funding rounds but may lead investments depending on the opportunity and alignment with their strategic goals.
The firm is open to follow-on investments, especially for companies demonstrating growth and alignment with their investment thesis.
Specific fund size details are not disclosed, but BFTP has announced over $2 million in investments for Q2 2023.
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