Thursday, April 16, 2015

Greenphire to add 35 at new KofP HQ

by Joseph N. DiStefano, staff writer at the Philadelphia Inquirer

Flush with new investor cash, clinical-trials payment-technology provider Greenphire says it has moved to an 18,000 sq. ft. office at 630 Allendale Road, King of Prussia, from a smaller location nearby. The company employs 65, and plans to have over 100 by the end of 2015, a spokeswoman told me, expanding on a statement by Jennifer Peters, Greephire's "Chief Experience Officer."

The company said in January it has raised an undisclosed amount from investor Loren Schlachet's New York-based Riverside Capital. Greenphire raised $5.8 million from investors in 2011 and 2012, according to SEC Form D filings, see them here.  The 2011 investors included FirstMark Capital, whose founder Gerald Poch joined the board. Greenphire's payment-systems partners include Citibank and Wilmington-based The Bancorp, among others,

Greenphire was backed earlier by Pennsylvania's state-funded Ben Franklin Technology Partners.

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