News

Upstate Capital Weekly Newsletter – 1/19/22

Deals, News & Events for the Upstate Capital Investment Community 


VENTURE + GROWTH
SUNY RF TAF

SUNY RF TECH ACCELERATOR FUND OPEN FOR APPLICATIONS

SUNY RF has announced applications are open for the SUNY Technology Accelerator Fund (TAF), which provides critical investments to advance The State University of New York innovation from the lab to the marketplace. TAF investments are highly competitive and support technology development milestones, such as feasibility studies, prototyping, and clinical and field testing to demonstrate that an innovation has commercial potential.

Arun Gupta Skyven

$4M RAISED FOR CLIMATE TECH COMPANY SKYVEN

Skyven Technologies, an “energy as a service” company that funds and de-risks capital projects to reduce carbon emissions caused by processed heat, raised $4M in a seed round led by VoLo Earth Ventures. This brings Skyven’s total capital intake in 2021 to $6.5M. The company’s CEO, Arun Gupta, pitched at Upstate Capital’s Invest NY: Climate event in October 2021.


PRIVATE EQUITY + M&A
Karin Gregory Blue Highway Capital

MEMBER HIGHLIGHT: BLUE HIGHWAY CAPITAL

Meet Karin Gregory, Co-Founder and Managing Partner at Blue Highway Capital. Blue Highway Capital invests in rural-based businesses looking for growth capital. They help fund family business transitions and acquisitions as other ways to grow businesses in addition to direct investing for growth. BHC are happy to co-lead and work with other funds in larger deals in industries such as food, manufacturing, business services, transportation and logistics, healthcare, and energy. Karin had been an investment professional with Mass Ventures and Dover Medical Ventures as well as serving as legal counsel to start-ups. She has advised Kimberly Clark’s venture capital fund on medical technology, served as a board member on Maine Venture Fund, and as the former Chair of CEI Ventures.

WNY COMPANY CLOSES $90+M ROUND

Viridi Parente, a Buffalo, NY-based maker of renewable power systems for heavy machinery and storage applications, raised over $94M in later-stage growth capital. Their existing investors include the WNY Impact Fund, Impact Capital, Varia Ventures and Grand Oaks Capital. The company is led by Jon M. Williams, Chairman and CEO. Upstate Capital members involved with the company include Tom Quinn, Andrea Vossler, Scott Friedman, Theresa Mazzulo and Rami Katz.


UPSTATE CAPITAL EVENTS

Join us for a webinar and workshop on February 15 to learn all about the 2022 New York Business Plan Competition (NYBPC) and its upcoming competition. The webinar and workshop are free and is for current and potential mentors, judges and students; campus professionals; and anyone interested in learning more about this exciting program.


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