Upstate Capital Weekly Newsletter - 6/1/22

Deals, News & Events for the Upstate Capital Investment Community

VC + Growth
PE + M&A
More Upstate Capital News
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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.

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.

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.

APPLY TO PITCH

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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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MORE NEWS

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 […]

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,

February 16, 2023

Invest Capital Region: Life Sciences + Healthcare

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 […]

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.

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.

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.

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.

December 1, 2022

Denny Deleo Recognized for Contributions to Upstate’s Investment Community

This year’s Lifetime Achievement Award recognized Denny Deleo. Denny has had a diverse career that has spanned creating impact in many fields from law to venture capital and innovative technology. A native of Webster, Denny has centered his career on making Rochester and Western New York an amazing place to start and grow businesses for […]

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.

November 1, 2022

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