News

Upstate Capital Weekly Newsletter – 2/9/22

Deals, News & Events for the Upstate Capital Investment Community 



UPSTATE CAPITAL NEWS

CEO STORY: INFIUSS HEALTH

Join Melissa Bime, CEO of Infiuss Health, in conversation with Maura Devlin, 43North’s VP of Marketing Strategy and PR, about scaling Buffalo-based Infiuss with Upstate NY resources and partners. The talk will take place on March 3 at Upstate Capital’s Invest NY: Health event in Buffalo and online.


VENTURE + GROWTH

OWL AUTONOMOUS IMAGING
RAISES $15M

Owl Autonomous Imaging, a startup developing thermal imaging and ranging technology, has raised $15M in Series A funding to help it pursue applications in automotive safety systems. Upstate Capital member Luminate NY Accelerator, an incubator for small photonics companies, is among the backers. Rochester-based Owl won $100,000 in 2021’s Luminate NY accelerator program.

BLUE HIGHWAY CAPITAL INVESTS IN
PTP INDUSTRIES

Upstate Capital member Blue Highway Capital, a growth equity firm dedicated to supporting growing businesses in rural America, has invested in Promise to Perform Industries, a manufacturer of industrial crane and fall protection systems and hoists. The business was acquired from its founding family, securing growth capital from Blue Highway.

GREEN PROJECT CLOSES OVER $1.8M IN SEED FUNDING

Green Project Technologies, a SaaS-based ESG accounting platform serving private markets and supply chains, has raised over $1.8M in its seed financing round. The round was led by Brooklyn-based investment firm Blue Collective. Jack McGowan, Director at the WNY Venture Association and an Upstate Capital member, took part in the deal.

CASANA RAISES ANOTHER $30M IN FUNDING

Casana, a Rochester-based health care tech firm, has raised a total of $46 million in capital, with $30 million coming from a recent Series B funding round. Launch NY and Excell Partners, both Upstate Capital members, had participated in Casana’s seed and Series A rounds. Casana plans to use the money for further development of the firm’s Heart Seat, a cuffless blood pressure monitor built into a toilet seat.


PRIVATE EQUITY + M&A

EWASTE+ ANNOUNCES STRATEGIC EQUITY INVESTMENT DEAL

EWASTE+, a provider of IT Asset Disposition and Electronics Recycling Services, announced a strategic equity investment by Sidereal Capital Group, a private equity firm. Upstate Capital member organization, Paramax, advised on the deal. EWASTE+ has facilities in Rochester, Albany and NYC. The company has diverted over 200 million pounds of electronic waste from disposal in landfills.

GENTECH SCIENTIFIC ACQUIRES CONQUER SCIENTIFIC

Lakelet Capital, a Buffalo-based private equity firm that invests in lower middle market companies, has led the strategic merge of GenTech Scientific and Conquer Scientific. Randy Bianchi, Lakelet’s managing partner and Upstate Capital board member, said, “Having the opportunity to combine two great companies is rewarding, particularly when both companies have proven leadership, shared core values and celebrate tenured and happy clients.”

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MORE NEWS

Upstate Capital Announces 2023 Board of Directors

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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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Upstate Capital Announces Winners of the 2022 Annual Awards

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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2022 Annual Awards Award Winners

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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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2022 Annual Awards Deal Nominations

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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.

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Middle-Market Private Equity + M&A Update – Q3 2022

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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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Upstate Capital Weekly Newsletter – 10/26/22

October 26, 2022

Upstate Capital Weekly Newsletter – 10/26/22


Send your nominations for the Annual Awards Celebration by October 31st! Nominate a client company and associated transaction, a colleague, or even your own successful deal. Multiple entries are encouraged.

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Event Recap – Invest NY: Climate Tech

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Event Recap – Invest NY: Climate Tech


Over 100 people gathered at the University at Albany’s ETEC Center on October 19 for Invest NY: Climate Tech. The event was part of the Invest NY series, sponsored by NYSTAR and NYSERDA and produced by Upstate Capital, designed to highlight innovation in various industries across New York.

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Upstate Capital Weekly Newsletter – 10/19/22

October 19, 2022

Upstate Capital Weekly Newsletter – 10/19/22


Send your nominations for the Annual Awards Celebration by October 31st! Nominate a client company and associated transaction, a colleague, or even your own successful deal. Multiple entries are encouraged.

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Upstate Capital Weekly Newsletter – 10/13/22

October 13, 2022

Upstate Capital Weekly Newsletter – 10/13/22


Last Call to Register for Invest NY: Climate Tech at the University at Albany’s ETEC Center. Meet more than 30 startups, venture-backed CEOs, investors, and keynote with Dr. Bill Acker talking about the future of energy storage. Join us in-person and online!

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Upstate Capital Weekly Newsletter – 10/5/22

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Upstate Capital Weekly Newsletter – 10/5/22


Should you or someone you know be recognized at the Annual Awards Celebration? Nominations are open now through October 31 for capital providers, companies, and people in the industry.

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