Former SevOne CEO Phelan joins Osage Venture Partners; Drahms promoted to Partner
Tom Paine
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Osage Venture Partners, Bala Cynwyd, announced today that Michael Phelan has joined the firm as a Venture Partner. Until last year, he had served as CEO of Wilmington-based SevOne, in which Osage is an investor, seeing it reach a $150 million recapitalization led by Bain Capital Ventures in late 2012.
In a statement, Osage said that Phelan is joining the firm "with a focus on providing hands-on support to portfolio companies and on strengthening Osage's relationships with the regional entrepreneurial community."
Osage also announced the promotion of David Drahms from Principal to Partner. Drahms joined Osage in 2005.
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