News

Upstate Capital Weekly Newsletter – 4/20/22

Deals, News & Events for the Upstate Capital Investment Community 


START CONNECTING NOW

Networking is an incredible opportunity to connect with investors, entrepreneurs and other business professionals. Register to attend Venture NY and you’ll receive a registration confirmation email to access Brella through your browser, complete your profile (it takes less than 2 minutes) and start chatting right away! Check out the attendee tab to connect with other registrants before the event on April 27. Get the most out of your time by connecting with other attendees now.


VC + GROWTH

Genius NY is now accepting applications through May 31 for high-growth startups in uncrewed systems, IoT, big data, and robotics. The in-residence accelerator will invest more than $3 million in five finalist companies, including a $1 million grand prize.

Pete Grum, Upstate Capital board member, gives back: Known around Buffalo as the face of Rand Capital for more than 25 years, Pete has also been committed to Horizon Health for 20-plus years helping to save the nonprofit mental-health agency from financial ruin. 

Nextcorps’ Jim Senall on Rochester opportunities: Rochester is on its way to becoming a national hub for technology innovation with the highest potential of any city in America for developing high-tech, high-income jobs.


PRIVATE EQUITY + M&A

Bonadio and Golisano grow Upstate NY broadband infrastructure: Greenlight was founded in 2011 and purchased by Paychex founder Tom Golisano and Impact Capital’s Tom Bonadio in 2018. The CEO and founder, Mark Murphy said that Golisano and Bonadio were instrumental in helping to expand the company, growing from 18 to 160 employees prior to the recent acquisition by Oak Hill Capital Partners.

PE Firm buys Albany-based aerospace company: MTI Instruments is the third bolt-on acquisition for Branford Castle Partners’ portfolio company, Vitrek. The acquisition expands Vitrek’s electronic test and measurement products and adds MTI’s market-leading jet engine balancing systems, signal generators and precision metrology devices. Vitrek and MCI work with blue-chip aerospace, defense, semiconductor and renewable energy customers globally.

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MORE NEWS

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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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

December 7, 2022

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

November 16, 2022

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

November 1, 2022

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

October 24, 2022

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

October 5, 2022

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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