Robin Hood Ventures has completed three follow-on investments this summer.

Maverick Network Solutions provides advanced payment solutions to corporations that help reduce costs and increase revenues. Maverick provides corporate clients with access to the national bank card networks through a wide range of payment solutions including private label debit cards, prepaid corporate gift cards and employee incentive cards.

Molecular Detection Inc. (MDI), is developing and commercializing a portfolio of sample to answer Detect-Ready (TM) molecular diagnostic tests for detection of infectious diseases. The first product, currently in full time hospital use in the European Union, is a ready-to-use rapid detection DNA-probe screening test for MRSA infection.

Core Essence Orthopaedics, Inc. (CE Ortho) is a privately held orthopaedic device company focused on the development, manufacture and commercialization of solutions for minimally invasive soft tissue and arthroscopic musculoskeletal repair for the extremity market. CE Ortho's intuitive and innovative technologies are driven by increasing demands for alternatives to complicated surgical procedures. CE Ortho devices enable surgeons to build on classic and familiar surgical techniques with novel instruments and implants that simplify procedures and can be mastered quickly. The Company's proprietary technologies provide solutions to the growing volume of tendon and ligament repairs required by the active lifestyles of patients of all ages.

We are delighted to announce that we have established a presence in the Science Center Port Business Incubator. By locating in this environment, this brings us even closer to the entrepreneurs in the community. And this enables the Science Center's emerging companies to have access to a crucial piece of the start-up puzzle - funders.

Robin Hood Ventures welcomes several new members: Michael Croce, Chris Gatti, Greg Harriman, Dave Kurtz, Rudy Wolfs, and Randy Warren.

Robin Hood Ventures is a group of angel investors, focused on early-stage, high-growth companies in the Greater Philadelphia region. We help entrepreneurs build great companies, providing capital, mentoring, expertise and connections to help companies reach their potential. Robin Hood generally invests $250k to $500k, and collaborates with angels, institutions and VCs in our network. We invest as a single entity in businesses we know and understand, in a way that gets deals done. Since 1999, we have invested over $11M in over 30 companies in industries including software, medical devices, biotech, internet and financial technology.