News

Upstate Capital Weekly Newsletter – 6/1/22

Deals, News & Events for the Upstate Capital Investment Community 


LAST CALL: ONE WEEK UNTIL THE M&A ADVISOR SERIES – START NETWORKING NOW

Upstate Capital’s M&A Advisor Series is designed to facilitate knowledge and connections for service providers and business owners related to merging and acquiring companies. Join Upstate Capital, CEO’s, professional advisors, and business owners on June 8 at The Oak Hill Country Club, Rochester. 
 

The series includes an invitation-only roundtable for business owners and entrepreneurs to sit down with experienced executives in a closed-door session. The roundtable is followed by a panel presentation, Building & Exiting Greenlight Networks with:

  • Mark Murphy, Founder & CEO of Greenlight Networks
  • Martin Birmingham, President & CEO, Five Star Bank
  • Michael Parrinello, Partner, The Bonadio Group
  • Moderated by Gordon Forth, Partner, Woods Oviatt Gilman LLP

Networking is open before and after the program.


VC + GROWTH

RIT Incubator company Circle Optics enters the second quarter with $2.5M in total contract awards. Circle Optics was founded in 2017 and has participated in several regional accelerator programs, including Luminate NY and GENIUS NY, where it was awarded a $500,000 investment.

CNYBAC client Aurie receives $75K through national Innovation Challenge award. Aurie is redesigning the medical services and supplies that people in the disability community use every day, starting with a safely reusable intermittent urinary catheter system.

Buffalo based Clean Fiber secures $14M in debt financing. Jonathan Strimling, President and CEO, won the 43North competition on the idea that recycled corrugated cardboard could be a viable alternative. He said CleanFiber has been successful in proving that it can manufacture a higher quality product at lower costs.


PE + M&A

Upstate Capital member Paramax served as the principal M&A Advisor to Maziuk on their sale to a private investment company. Maziuk is a premier supplier of electronic security products, mechanical and electronic door hardware, and a wide array of equipment and supplies that support the security industry.


MORE UPSTATE CAPITAL NEWS

Do you know a startup in the food or agtech industry? Today is the final day to submit an application to pitch at Invest NY: Future of Food, June 29th at the Culinary Institute of America in Hyde Park.


JOIN UPSTATE CAPITAL

Be part of the Upstate New York investment and business community. Gain access to Upstate Capital’s member network of investors, entrepreneurs, transaction professionals and service providers.

Join as a member by July 15 and be featured in this year’s Who’s Who in Venture Capital & Private Equity membership directory.

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