
1776
Investments
58Portfolio Exits
8Funds
3Partners & Customers
11776 Web Traffic
1776 Rank
Latest 1776 News
Jan 18, 2018
Share this article PLYMOUTH MEETING, Pa., Jan. 18, 2018 /PRNewswire/ -- UFCW Locals 1776 and 23 today thanked Governor Wolf for his plan that would update Pennsylvania's overtime rules, which have not changed in more than 40 years. "This is an important step to take in strengthening the middle class in Pennsylvania," said Wendell W. Young IV, president of Local 1776. "Too many Pennsylvanians work more than 40 hours a week with nothing extra to show for their efforts – and it's time that they receive compensation for their hours of work and dedication." The Governor's plan would phase in over four years to increase the salary threshold to receive overtime pay beginning in 2020, and starting in 2022, the salary threshold will update automatically every three years. "Hardworking Pennsylvanians are hurt by the current overtime rule, whose current wage limits have not kept pace with inflation. It is time to bring these rates up to date so that Pennsylvania can remain an attractive place to work and live," said Tony Helfer, president of Local 23. In addition, UFCW Locals 1776 & 23 are calling for an increase in the state's minimum wage, which has not been increased in more than a decade. "An increase in worker's pockets would have dividends throughout the state," said Young. "With greater buying power, Pennsylvanians will have more to spend at local businesses." According to research by the Keystone Research Center, if Pennsylvania's minimum wage were increased, 87% of those who would benefit are adults age 20 and over, and just under one-quarter of the workers who would benefit are parents with children. Polling shows that more than 60 percent of Pennsylvania voters support a higher wage. In addition, a wage increase would also generate up to $230 million in savings a year for the state Medicaid program. View original content: http://www.prnewswire.com/news-releases/ufcw-locals-1776--23-thank-governor-wolf-for-commitment-to-update-overtime-rules-300584841.html
1776 Investments
58 Investments
1776 has made 58 investments. Their latest investment was in HopSkipDrive as part of their Series C on August 8, 2021.
1776 Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/11/2021 | Series C | HopSkipDrive | $25M | No | 15 | |
6/9/2020 | Series D | MPOWER Financing | $9M | No | 1 | |
11/13/2019 | Series D | Guild Education | $157M | Yes | 17 | |
6/7/2019 | Series A | |||||
11/27/2018 | Series C |
1776 Portfolio Exits
8 Portfolio Exits
1776 has 8 portfolio exits. Their latest portfolio exit was buk on May 10, 2022.
1776 Acquisitions
3 Acquisitions
1776 acquired 3 companies. Their latest acquisition was Benjamin's Desk on October 16, 2017.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/16/2017 | Series A | $1.34M | Merger | 2 | ||
4/29/2015 | ||||||
4/17/2015 | Seed / Angel |
Date | 10/16/2017 | 4/29/2015 | 4/17/2015 |
---|---|---|---|
Investment Stage | Series A | Seed / Angel | |
Companies | |||
Valuation | |||
Total Funding | $1.34M | ||
Note | Merger | ||
Sources | 2 |
1776 Fund History
3 Fund Histories
1776 has 3 funds, including 1776 Bananas.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/29/2019 | 1776 Bananas | Early-Stage Venture Capital | Open | 2 | |
9/1/2015 | 1776 Seed Investors | ||||
1776 BeepBeep |
Closing Date | 10/29/2019 | 9/1/2015 | |
---|---|---|---|
Fund | 1776 Bananas | 1776 Seed Investors | 1776 BeepBeep |
Fund Type | Early-Stage Venture Capital | ||
Status | Open | ||
Amount | |||
Sources | 2 |
1776 Partners & Customers
1 Partners and customers
1776 has 1 strategic partners and customers. 1776 recently partnered with Accenture, and Marriott International on August 8, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
8/25/2017 | Partner | Ireland, and United States | Marriott collaborates with Accenture and Incubator 1776 on Travel Experiences startup Marriott International collaborates with Accenture and Incubator 1776 on Travel Experiences start-up | 1 |
Date | 8/25/2017 |
---|---|
Type | Partner |
Business Partner | |
Country | Ireland, and United States |
News Snippet | Marriott collaborates with Accenture and Incubator 1776 on Travel Experiences startup Marriott International collaborates with Accenture and Incubator 1776 on Travel Experiences start-up |
Sources | 1 |
1776 Team
5 Team Members
1776 has 5 team members, including current Chief Executive Officer, Jennifer Maher.
Name | Work History | Title | Status |
---|---|---|---|
Donna Harris | Kinderstreet, Centromine, Oracle, and EDS Group | Founder | Current |
Jennifer Maher | Chief Executive Officer | Current | |
Charlotte Lee | President | Current | |
Robert Steven Kramarz | Chief Executive Officer | Former | |
Dominique Taylor | Managing Director | Former |
Name | Donna Harris | Jennifer Maher | Charlotte Lee | Robert Steven Kramarz | Dominique Taylor |
---|---|---|---|---|---|
Work History | Kinderstreet, Centromine, Oracle, and EDS Group | ||||
Title | Founder | Chief Executive Officer | President | Chief Executive Officer | Managing Director |
Status | Current | Current | Current | Former | Former |
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