Philadelphia, February 18, 2014 – Mayor Michael A. Nutter and RJMetrics, one of the city’s fast-growing technology companies, officially opened the company’s new headquarters at One South Penn Square. Founded in 2009 by Robert Moore and Jake Stein, RJMetrics has outgrown three different Philadelphia offices and increased its employee count from 26 to 46 people since May 2013.
“The growth of RJMetrics is one more sign that Philadelphia is a great place to start and grow a company,” said Mayor Nutter. “Through initiatives such as Startup PHL – my Administration, in partnership with PIDC, continues to do all we can to make Philadelphia a more business-friendly place and put this city on the map as one of America’s most diverse, dynamic and exciting places to build a company.”
RJMetrics is a hosted business intelligence platform that helps online businesses analyze their data. The startup provides companies with an easy-to-use, cloud-based solution to drive growth through smarter decision-making. RJMetrics supports many of the world’s fastest-growing online businesses, including Fab.com, Hootsuite, and Threadless. In May 2013, RJMetrics announced that it had raised $6.25 million in funding from Trinity Ventures.
“Our mission at RJMetrics is to inspire and empower data driven people,” said Bob Moore “We’ve built amazing technology, scaled to over 250 active clients, grown our team from four to 46 amazing people, raised capital from top-tier investors like Trinity Ventures, and are now more than tripling our office space to facilitate our next phase of growth.”
Supporting entrepreneurs and startup companies in Philadelphia is a major priority for the Nutter Administration. The $6 million Startup PHL Seed Fund, a partnership between First Round Capital and the Philadelphia Industrial Development Corporation, continues to make investments in startup technology companies based in Philadelphia. An announcement of the fund’s recent investments will be made in the near future.
In the past year, the Nutter Administration provided Startup PHL grants to organizations such as the Enterprise Center, Benjamin Franklin Technology Partners, Startup Corps, and Campus Philly that are working to support entrepreneurs in Philadelphia. The Call for Ideas will soon announce its second round of grant recipients, which focus on student engagement with Philadelphia’s tech community. In addition PIDC has also made investments in the Science Center’s QED program and in DreamIt Ventures, which recently announced it will establish its global headquarters at 3401 Market Street on Drexel University’s campus.
“Establishing Philadelphia as a city of choice for fast-growing startups is a major priority for city government and we’re beginning to see real success,” said Alan Greenberger, Deputy Mayor for Economic Development. “Increasingly companies are starting here, staying here and growing here because they have access to an incredible talented workforce, high quality of life, and a growing support system for entrepreneurs. This is a very exciting and promising development for the future of our city.”