StartUp PHL, the city initiative geared at growing Philly’s startup scene, announced on Wednesday it was closing its inaugural fund and moving on to Fund II.

But right before throwing on the lid, the first fund made one final investment: $100,000 from the StartUp PHL Angel Fund went to Termaxia, a big-data storage company currently in stealth mode. The investment was first disclosed Wednesday.

Termaxia was founded by Changbin Liu, the company’s CEO, who has a broad background in IT as a developer at AT&T and as a core developer in Openstack.

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