AlphaPoint, seeking to improve functioning of digital currency exchanges for Bitcoin and others, raises $1.35 million

Tom Paine

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A New York-based startup headed by King of Prussia-based LiftDNA (acquired by OpenX) founder Vadim Telyatnikov has received $1.35 million in funding, coming primarily from the Philadelphia venture community.

AlphaPoint provides technology to support digital currency exchanges, with Bitcoin the main currency being traded today.

Scott Becker of Google-acquired Invite Media, Gabriel Weinberg of DuckDuckGo, Robin Hood Ventures, and Ben Franklin Technology Partners are among the investors.

In addition to New York, AlphaPoint has offices in Philadelphia and San Francisco. Joe Ventura is founder and CTO. AlphaPoint seeks to address the "disparity among digital currency exchanges when it comes to usability, credibility and reliability".

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Osage University Partners raises $150 million towards 2nd fund

Tom Paine

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Dow Jones reports that Osage Partners, Bala Cynwyd, has raised $151 million, or three quarters, of a planned $200 million for Osage University Partners II LP. It follows an initial fund of $100 million raised in 2011.

Unlike Osage's other venture funds, Osage University Partners I and II focuses solely on investing in commercializing the intellectual property of academic and research institutions.