Deals, News & Events for the Upstate Capital Investment Community
— VENTURE + GROWTH
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.
$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
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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MORE NEWS
March 13, 2023
Bank volatility impact survey and information resources
At Upstate Capital, we are closely monitoring the situation with Silicon Valley Bank and banks more generally. SVB’s failure on March 10 caused shock waves that continue to ripple through the US banking system. Many companies, startups and investment firms alike, are facing challenges in a funding environment that is already difficult. If you are […]
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March 2, 2023
Middle-Market Private Equity + M&A Update – Q4 2022
The Middle-Market PE + M&A Update is a quarterly publication for the Upstate NY deal-making community, presented by the Upstate Capital Association of NY and The Bonadio Group,
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February 16, 2023Invest Capital Region: Life Sciences + Healthcare
Rensselaer Polytechnic Institute and the Lally School of Management, in collaboration with Upstate Capital Association of New York, will host Invest Capital Region: Life Sciences + Healthcare to showcase emerging startups, invite investors to the Capital Region, and build connections within and across the investment, research, and entrepreneurial ecosystems. An afternoon of thought leadership and […]
February 9, 2023
Event Recap: 2023 Investor Outlooks
Investors and industry professionals gathered to network and discuss outlooks for the upcoming year on February 2nd at the Saturn Club.
Read More December 20, 2022
Upstate Capital Announces 2023 Board of Directors
The Upstate Capital Association of NY, the membership organization for private capital investors and transaction professionals across Upstate New York, has announced its 2023 Board of Directors.
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December 15, 2022
Upstate Capital Announces Winners of the 2022 Annual Awards
Upstate Capital hosted its 7th Annual Awards Celebration to celebrate the investment ecosystem across Upstate New York. The marquee event highlights the most interesting deals and most active dealmakers across the State in seed, venture, private equity and corporate finance. Over 100 companies and individuals were nominated from all across New York State for awards that recognize individuals and teams that build businesses and conduct transactions.
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December 7, 2022
2022 Annual Awards Award Winners
Upstate Capital announces winners at the 7th Annual Awards Ceremony in Rochester for award categories designated by investment stage: seed, venture capital, growth equity, private equity, and exit.
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December 1, 2022
Denny Deleo Recognized for Contributions to Upstate’s Investment Community
This year’s Lifetime Achievement Award recognized Denny Deleo. Denny has had a diverse career that has spanned creating impact in many fields from law to venture capital and innovative technology. A native of Webster, Denny has centered his career on making Rochester and Western New York an amazing place to start and grow businesses for […]
Read More November 16, 2022
2022 Annual Awards Deal Nominations
Upstate Capital announces the 7th Annual Awards Ceremony – Deal of the Year nominees representing Upstate NY companies. Check out the nominees for award categories designated by investment stage: seed, venture capital, growth equity, private equity, and exit.
Read More November 1, 2022
Middle-Market Private Equity + M&A Update – Q3 2022
The Middle-Market PE + M&A Update is a quarterly publication for the Upstate NY deal-making community, presented by the Upstate Capital Association of NY and The Bonadio Group,
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