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Venture Capital
murexinvests.com

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Investments

12

Funds

1

About Murex Investments

Murex Investments is a group of related investment funds providing capital to small businesses in the Mid-Atlantic region. The Murex model combines capital with low-cost technical assistance to help grow portfolio companies. A key Murex goal is using equity to increase employment and wealth in distressed communities.

Murex Investments Headquarter Location

4700 Wissahickon Avenue

Philadelphia, Pennsylvania, 19144,

United States

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Latest Murex Investments News

SBA assumes assets of local venture capital firm

Aug 21, 2015

stevanovicigor Hundred dollar bills behind curld page Murex Investments has voluntarily handed over its remaining assets to the Small Business Administration after both parties determined it would be unable to repay its SBA loan. The SBA loaned Murex $8.25 million and $3.4 million remain unpaid. Murex entered capital impairment several months ago when Advanced Workstations in Education declared bankruptcy. Joel Stelker , a managing partner at Murex, said AWE "was growing too aggressively" and Murex had invested too much of its fund in the startup to recover. Comcast picks second city for low-income internet program; it's not Philly Murex and the SBA determined the latter's return on investment would not be enough to cover the firm's expenses, and a court filing is the last step of the process. As the SBA assumes control of Murex's remaining assets, Stelker said his company's debt will be cleared and Murex will not resist the move. "The SBA, as a matter of policy, takes over funds when we can’t demonstrate our ability to pay them back," Stelker said. "That's the SBA’s policy, they’re going to manage the fund. They can’t say we want our money tomorrow, so they take over as the receiver. They step into our shoes and manage all the assets and maximize on their return. " Murex, founded in 2003, has only two companies remaining in its portfolio, which Stelker declined to disclose pending their notification of the filing. In 2009, it helped launch a Philadelphia-based virtual incubator GoodCompany Ventures that still operates today. Get Philadelphia Newsletters and Alerts Morning Edition >> Afternoon Edition >> Breaking News Thank you for signing up To serve you better, please select your industry and job title Industry

Murex Investments Investments

12 Investments

Murex Investments has made 12 investments. Their latest investment was in AnySource Media as part of their Series A on March 3, 2009.

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Murex Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/19/2009

Series A

AnySource Media

$3.2M

No

3/17/2009

Unattributed

AnySource Media

$3.2M

Yes

2/5/2007

Unattributed VC

AWE

Yes

Other Investors

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0

Other Investors

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0

Date

3/19/2009

3/17/2009

2/5/2007

Round

Series A

Unattributed

Unattributed VC

Other Investors

Other Investors

Company

AnySource Media

AnySource Media

AWE

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Amount

$3.2M

$3.2M

New?

No

Yes

Yes

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Co-Investors

Sources

0

0

Murex Investments Acquisitions

2 Acquisitions

Murex Investments acquired 2 companies. Their latest acquisition was Pre-Mose I on January 10, 2006.

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

1/10/2006

$99M

Acquired

8/15/2001

Other Venture Capital

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$99M

$99M

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0

Date

1/10/2006

8/15/2001

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

0

Murex Investments Fund History

1 Fund History

Murex Investments has 1 fund, including Murex Investments I, L.P..

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2002

Murex Investments I, L.P.

Early-Stage Venture Capital

Closed

$11M

1

Closing Date

12/31/2002

Fund

Murex Investments I, L.P.

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$11M

Sources

1

Murex Investments Team

1 Team Member

Murex Investments has 1 team member, including former Managing Partner, James A. Jaffe.

Name

Work History

Title

Status

James A. Jaffe

Managing Partner

Former

Name

James A. Jaffe

Work History

Title

Managing Partner

Status

Former

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