Content Library

Upstate Capital Weekly Newsletter – 3/9/22

Deals, News & Events for the Upstate Capital Investment Community 



UPSTATE CAPITAL NEWS

MARCH 23 M&A ADVISOR SERIES EVENT

Meet Ed Mitzen and hear how he founded, built, and then exited Fingerpaint. Business owner attendees can get a complimentary, high-level business valuation upon request.


VENTURE + GROWTH

STARTUP PATIENT PATTERN
RAISES $2M

Patient Pattern, a Buffalo-based startup that participated in Upstate Capital’s March 3 Invest NY: Health event, raised $2M in seed funding. Investors included Upstate Capital member Launch NY, Jack Greco, and other local investors. Steven Buslovich, Patient Pattern’s founder, said, “We’re in an excellent place and things are moving very quickly… Our problem right now is that the demand is there; we just need to deliver fast enough.”

RIT VENTURE CREATIONS-BACKED COMPANIES RAISE $45M IN FUNDING

Casana and Owl Autonomous Imaging, two member companies of RIT Venture Creations, have recently secured $45 million in investment funding. Johan Klarin, RIT Venture Creations Director and Upstate Capital member, said, “RIT’s Venture Creations business incubator’s mission is to help cutting-edge tech companies accelerate their growth.”


PRIVATE EQUITY + M&A

SEND UPSTATE CAPITAL
YOUR NEWS

Send us a note on your latest deal, so your success can be shared with the Upstate Capital community.

MEET PEOPLEASE, UPSTATE CAPITAL’S NEWEST ANNUAL SPONSOR

PEOPLEASE is the leader in blue/gray Professional Employer Organization (PEO) solutions, with an emphasis on worker’s comp and safety. Connect with Regional Sales Manager TJ Mitchell to learn more.

COMMUNITY

HUDSON VALLEY VENTURE HUB TO
HOST VENTURE FEST ON MARCH 15

SUNY New Paltz School of Business and the Hudson Valley Venture Hub present Spring Venture Fest 2022: Food and Agriculture. The event is free to attend and will provide entrepreneurs, investors and service providers in the food and agriculture industry with a space to network. The event will take place on March 15 from 4:00-6:30 PM.

The 2022 NEW YORK BUSINESS PLAN COMPETITION IS UNDERWAY!

The 2022 New York Business Plan Competition (NYBPC) is underway, and there are plenty of opportunities to get involved! Join the NYBPC as a judge or mentor to create unique value for future entrepreneurs in NY. This is a great opportunity to share your wealth of expertise with today’s newest innovators.

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MORE NEWS

Where Deals, Capital and CEOs Connect: Highlights from the 2026 Buffalo Private Equity Summit

September 25, 2026

Where Deals, Capital and CEOs Connect: Highlights from the 2026 Buffalo Private Equity Summit


Investors, business owners, executives and advisors gathered in Buffalo on September 22 and 23 for Upstate Capital’s 2026 Buffalo Private Equity Summit. Held at the Golisano Institute for Business & Entrepreneurship and The Westin Buffalo, the two-day event brought practical conversations about growth, ownership, investment and technology together with opportunities to build relationships across New […]

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Upstate Capital Welcomes Molly Hugar to Board of Directors

August 10, 2026

Upstate Capital Welcomes Molly Hugar to Board of Directors


Upstate Capital is pleased to welcome Molly Daetsch Hugar, Commercial Leader at KeyBank, to our Board of Directors. Molly brings nearly two decades of experience in commercial banking, along with a deep understanding of the businesses, industries, and relationships that drive economic growth across Upstate New York. Throughout her career, she has worked closely with companies […]

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Raining with Opportunity: Highlights from the 2026 Saratoga Forum

August 3, 2026

Raining with Opportunity: Highlights from the 2026 Saratoga Forum


Despite the rain, the 2026 Saratoga Forum delivered exactly what its theme promised: opportunity. Investors, business owners, founders, advisers and economic-development leaders gathered in Saratoga Springs on July 29 and 30 for two days of candid conversations, meaningful introductions and new opportunities to support the companies and communities shaping Upstate New York. The Saratoga Forum […]

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Venture NY 2026 Keynote: Ed Mitzen on Entrepreneurship, Impact & What Comes Next

May 26, 2026

Venture NY 2026 Keynote: Ed Mitzen on Entrepreneurship, Impact & What Comes Next


The 2026 Venture NY keynote speaker, Ed Mitzen, shared an honest and energizing perspective on entrepreneurship, leadership and the rapidly changing future of work. A serial entrepreneur, philanthropist and co-founder of the Business for Good Foundation, Mitzen reflected on building multiple successful companies, including Fingerpaint Group, while emphasizing that resilience, people-first leadership and purpose-driven work […]

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Venture NY 2026 Panel: What’s Next? Opportunities for Founders Across New York

May 26, 2026

Venture NY 2026 Panel: What’s Next? Opportunities for Founders Across New York


The panel “What’s Next? Opportunities for Founders Across New York” at this year’s Venture NY explored the growing network of accelerators, competitions and support programs helping startups move from early ideas to scalable businesses across New York State. Featuring Seth Mulligan, Interim Vice President for Finance and Administration at Griffiss Institute; Patty Rechberger, Innovation Fund […]

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Venture NY 2026 Panel: From Lab to Market — Scaling NY Innovation

May 26, 2026

Venture NY 2026 Panel: From Lab to Market — Scaling NY Innovation


At the 2026 Venture NY event, the panel “From Lab to Market — Scaling NY Innovation” explored the realities of transforming breakthrough research into scalable companies across New York’s innovation ecosystem. Moderated by Paul Tolley, CTO of Excell Partners, the discussion featured Dr. Marek W. Kowarz, Founder of MicroAdventure Technologies, and Nick Conn, Founder and […]

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Venture NY 2026 Panel: What Makes an AI Company Investable? Data Strategy, Risk & Valuation

May 26, 2026

Venture NY 2026 Panel: What Makes an AI Company Investable? Data Strategy, Risk & Valuation


One of the panel discussions at this year’s Venture NY explored what separates truly investable AI companies from those simply riding the hype cycle. Moderated by Kate Polozie, Partner at Woods Oviatt Gilman, and featuring Somak Chattopadhyay, Managing Director at Armory Square Ventures, the panel “What Makes an AI Company Investable? Data Strategy, Risk & […]

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Venture NY 2026 Panel: Where Are the Returns Now? From Hype to Healthy Outcomes

May 26, 2026

Venture NY 2026 Panel: Where Are the Returns Now? From Hype to Healthy Outcomes


During our annual Venture NY event, the panel “Where Are the Returns Now? From Hype to Healthy Outcomes” explored how today’s venture environment is shifting toward disciplined growth, capital efficiency and long-term value creation. Moderated by Chris Rodi, Partner at Woods Oviatt Gilman LLP, the discussion featured David Brown, Managing Director at Impellent Ventures and […]

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Venture NY 2026 Panel: How Are Investors Really Deploying Capital Right Now?

May 26, 2026

Venture NY 2026 Panel: How Are Investors Really Deploying Capital Right Now?


As part of Venture NY 2026, the panel “How Are Investors Really Deploying Capital Right Now? Inside the 2026 Playbook” brought together venture leaders from across fund types to discuss how today’s investment landscape is shifting from hype-driven growth to disciplined, traction-focused investing. Moderated by Flossie Hall, Director of Operations at the Nasdaq Entrepreneurial Center, […]

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2024 NYBPC Grand Prize Winners Eutrobac Acquired by Agriment Services, Inc.

May 26, 2026

2024 NYBPC Grand Prize Winners Eutrobac Acquired by Agriment Services, Inc.


In the spring of 2024, Ellie Sangree and Jesse Wexler, co-founders of Eutrobac, stood in front of judges at the University at Albany and won the New York Business Plan Competition Grand Prize. They walked away with $25,000 and set to work building an IP portfolio, raising capital, developing the product and forging the connections […]

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