News

Upstate Capital Weekly Newsletter – 2/16/22

Deals, News & Events for the Upstate Capital Investment Community 



UPSTATE CAPITAL NEWS

ED MITZEN: KEYNOTE SPEAKER AT 3/23 M&A ADVISOR SERIES 

Ed Mitzen, founder of the company Fingerpaint, will be the keynote speaker at Upstate Capital’s March 23 “M&A Advisor Series” event. Ed is a renowned healthcare marketing entrepreneur who has built three businesses that have a combined revenue of over $500 million. Fingerpaint is known for its innovative approach to providing integrated marketing solutions to healthcare clients, specifically in the pharmaceutical, rare disease, and gene therapy sectors.


VENTURE + GROWTH

EXCELL PARTNERS:
INVESTING IN UPSTATE NY

Upstate Capital member Excell Partners provides seed stage investments in new companies started in Upstate New York and the Finger Lakes region. The company’s CEO, Theresa Mazzullo, was recently interviewed by fellow Upstate Capital member Maureen Ballatori of 29 Design Studio. Ms. Mazzulo said, “The demand far exceeded the supply… When we started looking at the stats and realized the untapped potential in upstate, we knew – this is a story that needs to be told.”

$530M RAISED IN 2021 BY
35 BUFFALO STARTUPS

In 2021, 35 Buffalo-area startups raised an impressive $530 million in funding. Leading the pack are growth-stage tech companies, which are becoming one of the dominant forces in Buffalo’s economy, and the next wave of growth-stage tech companies is already underway. In 2022, Patient Pattern, a Buffalo-area startup that also has raised money, will be presenting at Upstate Capital’s Invest NY: Health event on March 3.


PRIVATE EQUITY + M&A

PINE STREET CAPITAL PARTNERS:
2021 IN REVIEW

Pine Street Capital Partners, an Upstate Capital member, provides capital to lower middle market companies. Key company metrics from 2021 include five new platform investments, 13 follow-on investments across six portfolio companies, and nine portfolio company exits.

PARAMAX ADVISES ON GAMBLING.COM ACQUISITION

Gambling.com Group, a provider of player acquisition services for the online gambling industry, has entered into a definitive agreement to acquire Roto Sports, Inc., operator of RotoWire.com, a provider of expert fantasy sports news and advice. Paramax, an Upstate Capital member, advised on the sale.

Want to receive industry news straight to your Inbox?


MORE NEWS

Upstate Capital Weekly Newsletter – 6/29/22

June 29, 2022

Upstate Capital Weekly Newsletter – 6/29/22


Invest NY: Future of Air & Space, presented by NYSTAR and Upstate Capital, is an event to highlight the air and space industry and innovation in Upstate New York. This event will be held July 14 at the Innovare Advancement Center in Rome, NY. Future of Air & Space will be attended by startup entrepreneurs and innovators, experienced executives, and active investors in artificial intelligence, machine learning, drones and uncrewed systems.

Read More
Upstate Capital Weekly Newsletter – 6/22/22

June 22, 2022

Upstate Capital Weekly Newsletter – 6/22/22


We are one week away from the Invest NY: Future of Food at the Culinary Institute of America on June 29. There is still time to register for this event that brings together members from established food and beverage companies, suppliers, investors, and dealmakers together with entrepreneurs and startups.

Read More
Event Recap: M&A Advisor Series – Rochester

June 15, 2022

Event Recap: M&A Advisor Series – Rochester


On June 8, 2022, over 80 people from the Rochester M&A and private equity ecosystem joined Upstate Capital at the M&A Advisor Series event at the Oak Hill Country Club. The event welcomed service providers, transaction professionals, business advisors, PE investors, and business owners and entrepreneurs contemplating strategic growth and/or ownership transitions for well-established companies.  […]

Read More
Upstate Capital Weekly Newsletter – 6/15/22

June 15, 2022

Upstate Capital Weekly Newsletter – 6/15/22


NYSTAR and Upstate Capital present Invest NY: Future of Food, an event to highlight the food and agtech industry and innovation in Upstate New York. Registration is open for this event on June 29th at the Culinary Institute of America.

Read More
Upstate Capital Weekly Newsletter – 6/8/22

June 8, 2022

Upstate Capital Weekly Newsletter – 6/8/22


NYSTAR and Upstate Capital present Invest NY: Future of Food on June 29 at the Culinary Institute of American in Hyde Park, NY. This event brings together members from established food and beverage companies, suppliers, investors, and dealmakers together with entrepreneurs and startups.

Read More
Upstate Capital Weekly Newsletter – 6/1/22

June 1, 2022

Upstate Capital Weekly Newsletter – 6/1/22


Venture + Growth and PE + M&A News for Upstate NY

Read More
Upstate Capital Weekly Newsletter – 5/25/22

May 25, 2022

Upstate Capital Weekly Newsletter – 5/25/22


Venture + Growth and PE + M&A News for Upstate NY

Read More
Upstate Capital Weekly Newsletter – 5/18/22

May 18, 2022

Upstate Capital Weekly Newsletter – 5/18/22


Venture + Growth and PE + M&A News for Upstate NY

Read More
Event Recap: Venture NY

May 5, 2022

Event Recap: Venture NY


On April 27, 2022, Upstate Capital hosted Venture NY, the marquee early-stage event for innovation and entrepreneurship in New York, at the WCNY Broadcast and Education Center in Syracuse, NY. Over 150 people gathered to connect with startups and investors, explore topics related to entrepreneurship’s future, and find practical knowledge and insights. Venture NY also […]

Read More
Middle-Market Private Equity + M&A Update – Q1 2022

May 3, 2022

Middle-Market Private Equity + M&A Update – Q1 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, reporting on transaction activity regionally and in the context of national trends.  This report provides information and insights on types of deals, multiples, and private equity activity.  […]

Read More