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
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
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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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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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,Read More
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 […]Read More
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.Read More