News

Upstate Capital Weekly Newsletter – 7/27/22

Deals, News & Events for the Upstate Capital Investment Community 


NEXT WEEK : ANNUAL SARATOGA FORUM

The Saratoga Forum is an exclusive invite-only event for the Upstate Capital Board of Directors and Annual Sponsors. We’re looking forward to hearing from local up-and-coming investors and entrepreneurs.


MEMBER HIGHLIGHT

Introducing Chris Laughton! Chris serves as the Director of Knowledge Exchange at Farm Credit East. Chris researches agricultural economics and produces timely, actionable information that is useful to farmers and natural resource-based businesses of all sizes and stages.


PE + M&A

The NYS Common Retirement Fund recently announced a $350M commitment for in-state investment funds, looking to steer capital to business in New York State. To date, NYS has invested $1.6B in New York-based companies, with over half of that capital sent to firms in the upstate New York region.

VC + GROWTH

Buffalo-based healthcare startup, Centivo received a $30M investment from Morgan Health, a business unit under JPMorgan Chase & Co. Centivo has now raised $148M in private capital since it was founded by Ashok Subramanian in 2017.

COMMUNITY NEWS

Newman and Lickstein announced Maria Lesinski has joined the team. Maria will work with Newman & Lickstein’s individual and corporate clients.

Applications are open until August 17 for FuzeHub’s 2022 Commercialization Competition for up to $500,000. FuzeHub anticipates making at least six awards of up to $50,000 each. One company has the chance to win an additional $100,000 for a grand award of $150,000!

NBT Bank adds two commercial portfolio managers, Malindra Ratnayake and J. Chad Richards. “We’re proud to expand our commercial team and look forward to the expertise brought by Malindra and Chad,” said Stephen Lubelczyk, NBT Bank President of New England.


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