Deals, News & Events for the Upstate Capital Investment Community
GRASSHOPPER PARTNERS WITH UPSTATE CAPITAL + VENTURE NY
From Noa Simons, Upstate Capital President and CEO:
In my nearly 6 years at Upstate Capital, I have rarely seen someone show up for entrepreneurs in Upstate NY the way Jeremy Shure has in the last couple of years. Together, we’ve been leading small group roundtables at many of our events. Jeremy co-hosts each one, providing an ear to listen and advice when it’s called for. He’s offered to review pitch decks, set up pitch sessions with investors in NY, and more, in addition to providing founder-friendly digital-first banking services. This year, Jeremy has materially impacted our ability to raise an additional $25,000 for the NYBPC, and he invited his friend, Seth Levine, co-founder of the Foundry Group, to come to Upstate NY for our Venture NY event. He’s a special person who cares a lot about giving first in the community, and I’m so glad to have him as my partner in the work we do at Upstate Capital to build community for investors and entrepreneurs.
Meet Jeremy @ Venture NY on April 27!
VC + GROWTH
The WNY Impact Investment Fund raised $11.55 million. Bank of America and M&T Bank Corporation joined as LPs. The firm has driven social impact through investments in local companies, creating opportunities in the ecosystem and impacting outcomes for the region. This funding will continue the ongoing resurgence in Western New York.
This year, a total of $50k in prize money will be awarded at the NYBPC Finals at Venture NY on April 27, including a $15k Grand Prize, cash prizes for 1st, 2nd and 3rd place winners, and a total of $10k in prize money for traditionally underrepresented founders. Upstate Capital thanks SEFCU, the KeyBank healthcare team and the Tech Garden for their leadership in supporting entrepreneurs from all backgrounds this year!
The company has raised more than $40 million in startup funding to this point, driven by investor belief that PostProcess will play a key role in the rise of additive manufacturing. The company is now closing on $4 million in bridge funding from existing investors such as ProcessTec, a group led by Chuck Lannon, and New York Ventures, Empire State Development Corp’s investment arm. Grasshopper Bank, a digital business bank, extended the company a line of credit. PostProcess expects to raise a larger round of funding later this year.
WhoseYourLandlord (WYL) raised an oversubscribed $2.1 million seed funding round led by Black Operator Ventures (Black Ops) with participation from New York Ventures, Ben Franklin Tech Partners and Google’s Black Founders Fund.
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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