STARTUP PHL INVESTS IN AMINO

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startupAmino, a Philadelphia company headed by two veteran software-company founders, Will Luttrell and David Bookspan is recruiting dozens of engineers and managers to build a system they say will use blockchain-style electronic ledgers for advertisers and content publishers to take control of digital ad spending from middlemen, fraudsters, and Google and Facebook. The company recently received a $1.75 million investment from StartupPHL to build up its product and team.

Amino is a payments company based on a simple concept: Control the money, control the problems. It combines technologies from blockchain, payments, and adtech to bring transparency, integrity, and audit ability to online advertising. Its uses payments to lift the shroud from the media supply chain.

Amino Team and Mayor Kenney

Amino Team and Mayor Kenney

 

A collaborative effort, StartupPHL aims to support entrepreneurs in the city who bring energy, ideas and vitality to Philadelphia as well as further enable the existing entrepreneurial talent that resides in the city’s different neighborhoods to flourish. The StartupPHL initiative encompasses a range of programs including the  grants, and several measures to enhance visibility and connectivity of the startup community.Amino staff with Philadelphia Mayor Jim Kenney.

A collaborative effort, StartupPHL aims to support entrepreneurs in the city who bring energy, ideas and vitality to Philadelphia as well as further enable the existing entrepreneurial talent that resides in the city’s different neighborhoods to flourish. The StartupPHL initiative encompasses a range of programs including the Call for Ideas grants, StartupPHL Seed + Angel Fund, and several measures to enhance visibility and connectivity of the startup community.

The StartupPHL Seed + Angel Fund is a venture fund, launched with an initial investment by PIDC leveraging additional funding and management from First Round Capital and co-founder Josh Kopelman, which makes investments in Philadelphia-based tech startups.

Learn more about Amino Pay below. To learn more about StartupPHL click here.

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