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Go Philly Fund is an investment vehicle that provides early-stage capital to technology companies primarily within the Greater Philadelphia region. It deploys financial resources to emerging ventures across diverse tech sectors, strengthening the local innovation ecosystem. The fund identifies promising startups, equipping them with necessary funding to develop and bring market-ready solutions to fruition.
This fund is a strategic initiative of the Ben Franklin Technology Partners of Southeastern Pennsylvania. Established in late 2023, it emerged from the broader GO PA Fund network to address a critical need for dedicated early-stage financing. The foundational insight recognized a capital gap for nascent Philadelphia-area tech firms, prompting its creation to catalyze local growth and talent retention.
Go Philly Fund primarily serves early-stage technology companies in Philadelphia and surrounding counties, providing capital to accelerate product development and scale operations. Its strategic investments empower businesses to refine models and expand market reach. The fund’s vision is to cultivate a robust, dynamic technology community, driving sustained economic prosperity and positioning the region as an innovation hub.
Go Philly Fund has 5 tracked investments across 4 companies. The latest tracked deal is $8.0M Series A in Lula Commerce in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 29, 2025 | Lula Commerce | $8.0M Series A | Vincent Menichelli | Green Circle Foodtech Ventures, Nzvc, Outlander VC, Rich Products Ventures, UP.Partners |
| Jul 1, 2025 | Asylon | $24.0M Series B | Mike Hayes, Insight Partners | Alumni Ventures, Hyperplane Venture Capital, Veteran Ventures Capital, Robert Prostko |
| Feb 8, 2022 | Houwzer | $118.0M Debt / Series B | Michael Kopelman | Admiral Capital Group, BEN Franklin Technology Partners |
| Feb 1, 2020 | Houwzer | $10.0M Series A | Michael Kopelman | Alumni Ventures, BEN Franklin Technology Partners OF Southeastern Pennsylvania, Resolute Ventures, IRA Lubert, Admiral Capital Group, Chestnut Street Ventures |
| Aug 14, 2018 | Capillary Biomedical | $2.9M Seed | Cove Fund | ACE Fund, Harvard Business School Alumni Angels OF NEW York, Mass Medical Angels, NEW York Angels, Pasadena Angels, Tech Coast Angels |