Pennsylvania has many of the ingredients for an economy powered by innovation and entrepreneurship, according to a report released today by Brookings Institution, a prominent think
Last fall, Lancaster-based private equity firm PennSpring Capital bought a majority stake in Mobiniti, a text marketing firm based in Wilkes-Barre. This week, a PennSpring entity paid $1.55 million for a building in Lancaster where it plans to relocate the operations of Mobiniti, which employs about 20 people.The move brings Mobiniti closer to PennSpring, which offers support to […]
Harrisburg-based management consulting firm Dame Leadership is hoping to take its services nationwide after acquiring an employee-assessment company with clients around the U.S. Dame Leadership said this week it has acquired Success Performance Solutions, a company born in Lancaster but now based in the Lehigh Valley. Terms of the deal — Dame Leadership’s first-ever acquisition — were not disclosed.“We’re […]
West Shore-born tech company ReturnLogic has raised $8.5 million from investors as it looks to exploit opportunities to streamline product returns in the growing world of ecommerce. The new capital will allow the company to hire more people and develop more products, according to a press release.ReturnLogic makes software and other tools that help online retailers manage returns, […]
A York-based venture fund has added to its portfolio of regional startups as it aims to bolster entrepreneurship in Central Pennsylvania. Founded in 2020, White Rose Ventures disclosed an inaugural round of investments in four companies earlier this year.At the end of last week, it unveiled investments of nearly $1.3 million in three more startups. Which are: ReturnLogic, Evermind and TEAMology. Based in Carlisle, ReturnLogic is […]
When Seth Pheng began working at a medical cannabis dispensary in 2019, the longtime pharmacist noticed two things. One was that people really were coming in for the medicine, not for the marijuana.Two was that it was an industry crying out for standards similar to what he was used to in the traditional pharmacy business.Three […]
Ritter Insurance Marketing, a Harrisburg-area firm that provides products and services to independent insurance agencies, has been sold. Dallas-based Integrity Marketing Group said May 18 it has agreed to buy Ritter, which employs about 280 people in Susquehanna Township and at satellite offices around the U.S.Terms of the deal were not disclosed. But Craig Ritter, an owner […]
A Pittsburgh-based life sciences company has acquired Fathom Pharma, a Hershey-area startup focused on developing safer pain medications. As a result of the deal, Fathom is now a subsidiary of Consegna Pharma. Other terms of the transaction were not disclosed.Together, the two companies hope to develop innovative products that treat overdoses, addiction and pain.They rely […]
Barbara Grimm, above left, worked with David Cooper to create the School Responder app (photos/submitted). During more than a decade working in the Lampeter-Strasburg School District in Lancaster County, Barbara Grimm saw a growing problem. More and more students needed help grappling with behavioral health issues, said Grimm, who worked in a variety of administrative […]
After raising roughly $10 million, a startup venture fund in York has disclosed an inaugural round of investments. Martin Fedorko, left, and Alexa Born founded White Rose Ventures in 2020 (photo/submitted). White Rose Ventures has plowed $1.73 million into companies in Lancaster, Harrisburg and YorkThe firm also unveiled a nonprofit, Braided River Collective, designed to support entrepreneurs around […]