Ben Franklin Tech Partners (BFTP), which earlier this year established the blockchain-enabled Global Opportunity Philadelphia Fund — aka the GO Philly Fund — has announced that the fund has made its first two investments in local tech companies.

The GO Philly Fund, formed in conjunction with EPAM Systems, a global product development and digital platform engineering services company headquartered in Newtown, was established as another means of investing in early-stage tech ventures and has so far raised about half of its original $50 million goal, BFTP’s CIO Scott Nissenbaum said. The fund will remain open through the end of the year, he added.

The inaugural investments for the fund are a $1 million investment in performance marketing firm Sidecar and $750,000 investment to customer marketing platform Clutch. These first commitments are follow-on investments to earlier investments made by BFTP.

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