About this programme
StartupPHL Seed Fund II is a $5 million investment fund backing seed and early-stage technology ventures in Philadelphia. PIDC, the city's public-private economic development corporation, and Ben Franklin Technology Partners of Southeastern Pennsylvania co-manage the fund, with each partner pledging $1.75 million toward its capital.
Ben Franklin Technology Partners handles due diligence and manages the investments day to day. The fund aims to put capital into early-stage Philadelphia startups and generate returns through successful investments.
How it works
The fund invests an average of $150,000 to $200,000 per company.
Every round requires a matching investment from another investor; the fund welcomes and encourages additional investors alongside its own check.
Companies can pursue funding across multiple rounds, not just a single check.
Who can apply
The company must be a seed or early-stage technology business that is located in Philadelphia, has committed to relocating there, or already has a significant business presence in the city.
How to apply
- Attend a 'Meet Ben' session to introduce your company to Ben Franklin Technology Partners, or
- Apply directly through Ben Franklin's funding application process.
Frequently asked
How much does StartupPHL Seed Fund II typically invest?
The average investment is $150,000 to $200,000 per company, drawn from the fund's $5 million pool.
Does the fund require matching investment?
Yes. Every funding round requires a matching investment from another investor alongside the fund's own money.
Does my company need to be based in Philadelphia?
Yes, you need to be located in Philadelphia, committed to relocating there, or have a significant business presence in the city.
How do I start the process?
Attend a 'Meet Ben' session or apply directly through Ben Franklin Technology Partners' funding application process.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.