Ben Franklin launches regional venture fund

Ben Franklin Technology Partners of Southeastern Pennsylvania has raised $15 million for a regional venture fund focused on early-stage tech businesses in the Greater Philadelphia region. The GO Philly Fund seeks to raise up to $50 million. EPAM Systems is the lead investor. The GO Philly Fund will mostly operate as a co-investment fund with Ben Franklin. The fund will seek to make initial investments of between $50,000 and $500,000, with follow-on investments of up to $3 million.