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.

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MORE NEWS

Event Recap: 2023 Buffalo Private Equity Summit

May 31, 2023

Event Recap: 2023 Buffalo Private Equity Summit


Buffalo Private Equity Summit brought together private equity and M&A transaction professionals from across the Rust Belt and beyond to Buffalo on Tuesday, May 23, 2023. The 4th annual Summit was sponsored by Hamilton Lane, Bluehenge Capital, and our new partners: Bannockburn Global Forex, SLB Capital, and Carleton McKenna. The event would not be possible […]

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A CONVERSATION WITH: ASHOK SUBRAMANIAN of CENTIVO

May 8, 2023

A CONVERSATION WITH: ASHOK SUBRAMANIAN of CENTIVO


Bullish on Upstate New York If there was a person perfectly suited to keynote Upstate Capital’s Buffalo Private Equity Summit later this month, it is veteran entrepreneur and unabashed Upstate New York cheerleader Ashok Subramanian. Subramanian is no stranger to either private equity or the city of Buffalo. The die-hard Buffalo Bills and Sabres fan […]

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Global Capital Markets Strategist Marc Chandler Shares Insights in Buffalo on May 23

May 5, 2023

Global Capital Markets Strategist Marc Chandler Shares Insights in Buffalo on May 23


It’s likely that attendees at the upcoming Buffalo Private Equity Summit will be familiar with one of the event’s prominent speakers – Marc Chandler. With more than 30 years of experience in the global capital markets, Chandler is a well-known figure and has been regularly featured on major television networks as well as newspapers and […]

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Event Recap: Venture NY 2023

May 3, 2023

Event Recap: Venture NY 2023


Venture NY on April 27, 2023 in Syracuse brought together startups, investors, business leaders, and student entrepreneurs in Syracuse to discuss entrepreneurship and innovation. The event featured the NYBPC Grand Prize Finals where over $100,000 was awarded to winning teams. ACCELERATORS + COMPETITIONS 43 North Central NY Biotech Accelerator CenterStage CEO’s Tech Garden Fuzehub GENIUS […]

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A Conversation With: John Hill of Techstars

April 21, 2023

A Conversation With: John Hill of Techstars


The Upstate Capital Association of New York is enthusiastic to feature John Hill, Vice President of Network at Techstars, who is truly at the vanguard of assisting fledgling entrepreneurs and start-ups across the US and abroad as one of the keynote speakers at Venture NY on April 27th in Syracuse. Hill, a former Higher Education […]

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Bank volatility impact survey and information resources

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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Middle-Market Private Equity + M&A Update – Q4 2022

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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Invest Capital Region: Life Sciences + Health

February 16, 2023

Invest Capital Region: Life Sciences + Health


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 […]

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Event Recap: 2023 Investor Outlooks

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.

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Upstate Capital Announces 2023 Board of Directors

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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