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Category: Startups

Penn spinout BlueWhale Bio comes out of stealth mode

In September 2023, Penn spinout BlueWhale Bio surfaced with a mission to overhaul cell therapy production.

Exyn Technologies Closes on Series B Funding

Exyn has a mission to deliver world-class autonomous robots to data-hungry industries that include mining, logistics and construction. 

Penn grads develop The Community Grocer to provide hot food for those using SNAP benefits

Penn graduates Alex Imbot ‘20 and Eli Moraru ‘21 were featured in the Inquirer for their non-profit corner store idea, The Community Grocer, which improves food access for those using SNAP benefits.

Penn is the one of the world’s best universities for VC-seeking entrepreneurs, per PitchBook data

PitchBook released its 2023 list of the best universities for founders, and Penn ranked fourth among undergraduate schools with 1,083 founders, 993 companies and $34 billion raised.

Apellis Receives FDA Approval for SYFOVRE™ (pegcetacoplan injection) as the First Treatment for Geographic Atrophy (GA), a Leading Cause of Blindness

Penn spinout Apellis Pharmaceuticals, Inc. received U.S. Food and Drug Administration (FDA) approval for their drug SYFOVRE™ (pegcetacoplan injection).

Penn Spinout and I-Corps Graduate Neuroflow Named as 2023 Fire Awards honorees by PHL Inno

The Fire Awards are PHL Inno’s premiere awards program, showcasing the businesses, institutions and individuals driving the Philadelphia region’s innovation scene forward.

Verismo Therapeutics featured in the Philadelphia Business Journal for recent funding

The cell therapy startup recently raised $17 million to advance its lead immunotherapy candidates in a second pre-Series A round of funding.

Penn Engineering and AlphaThera Expand License Agreement

AlphaThera, a startup company co-founded by Andrew Tsourkas, PhD, entered into an expanded license agreement with Penn.

Verismo Therapeutics raises funding and expands partnership with Penn Medicine 

Penn spinout company Verismo Therapeutics has successfully raised $7 million in a pre-Series A round led by BRV Capital Management.

Penn Venture Lab receives $10 million gift for health care entrepreneurship

The goal of the gift, donated by Wharton alum Marc Wolpow, is to create an incubator and accelerator for student ventures in health care.

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