The Upstate Capital Association of New York is hosting its second event focused on women, money and business. Cultivating relationships between entrepreneurs and capital providers is a pillar of a successful entrepreneurial ecosystem, and encouraging women to start businesses and to invest in them increases the visibility of women throughout the vibrant investment community across New York state, ultimately contributing to narrowing the gender gap in finance and entrepreneurship. The event is in partnership with Cornell University. Register today – all are welcome!

DEAL HIGHLIGHTS
​Here are some highlights from the most recent deals done in Upstate New York

• Ioxus, an Oneonta-based Manufacturer of premium performance ultracapacitor technology and energy storage products designed for use in transportation, industrial and energy applications, raised $8.60 million of Series DD venture funding from Cayuga Venture Fund and other undisclosed investors

• Four Sigmatic, a Scarsdale-based provider of an online platform intended to provide mushroom based drinks, raised $5.38 million of venture funding

• ACV Auctions, a Buffalo-based provider of an online auction platform intended to help dealers to purchase wholesale vehicles, raised $93 million of Series D venture funding in a deal led by Bessemer Venture Partners and Bain Capital Ventures

• CleanFiber, a Buffalo-based producer of cellulose-based insulation material, raised $4.93 million of Series A1 venture funding from Keiretsu Capital and other undisclosed investors

• Tactiva Therapeutics, a Buffalo-based operator of biotechnology company developing adoptive T-cell therapy solutions, raised $35 million through a combination of debt and Series A and Series A1 venture funding in a deal led by Panacea Healthcare Partners

• Latham Pool Products, a Latham-based manufacturer of inground residential swimming pools and components, received an undisclosed amount of debt financing in the form of a lien from CT Corporation System

• International Imaging Materials, an Amherst-based manufacturer of printing, imaging, and marking consumable products for logistics, retail, medical, chemical, automotive, and durable goods industries, was acquired by ACON Investments

• Cricket Valley Energy Center, a Dover-based 1,100 megawatt (MW), natural gas-fired power plant, received an undisclosed amount of financing from Showa Shell Sekiyu

• JGB Enterprises, a Liverpool-based manufacturer and supplier of hoses and hose assemblies designed to serve the industrial, hydraulic, fire protection, food and petroleum industries, was acquired by HCI Equity Partners

• The Wladis Companies, a Syracuse-based provider of insurance brokerage services, was acquired by OneDigital Health and Benefits, via its financial sponsor New Mountain Capital

• IMSWorkX, a Rochester-based provider of a multi-protocol network application, designed to deliver safe, reliable, and comprehensive infrastructure for every generation of communication networks, was acquired by REDCOM Laboratories

• RMS Medical Products, a Chester-based developer and manufacturer of medical devices and supplies intended to make quality healthcare a reality for everyone, sold 11,101,697 shares of the Company to an undisclosed investor for $13.3 million

• Bruin Sports Capital, a White Plains-based provider of media, sports, marketing and branded lifestyle services intended to help companies establish their businesses, raised $12.53 million of financing

• Mcneil & Company, a Cortland-based provider of risk management and insurance services, was acquired by Arch Capital Group

• Al’s Maintenance, a Rochester-based provider of waste management and outdoor maintenance services, was acquired by Casella Waste Systems

• GKG CPAs, a Chestnut Ridge-based provider of accounting and financial services to the manufacturing, distribution, transportation, food, not-for-profit, and real estate industries, was acquired by PKF O’Connor Davies

• JCL Capital Partners, a White Plains-based provider of loans on residential and commercial properties in the United States, was acquired by Tradex Global Advisors

• Wallwork Brothers, an Albany-based distributor of HVAC equipment for residential and commercial clients, was acquired by Ferguson Enterprises

• ZetaGen Therapeutics, a Syracuse-based provider of a molecule-based osteo-inductive platform technology designed to transform the treatment of bone-related injuries, raised $2.73 million of convertible debt financing

• Cormint Data Systems, a Syracuse-based company currently operating in Stealth mode, raised $2 million of convertible debt financing

UPSTATE CAPITAL EVENTS

COMMUNITY EVENTS

• January 16 – 17 – Albany – 2019 Economic Developer’s Conference – The NYSEDC conference provides economic developers with key insights, ideas, best practices, and opportunities in economic development. Upstate Capital’s Executive Director, Noa Simons, will be leading a panel on the NYBPC on Wednesday.

• January 30 – Ithaca – Networking@Rev: Hardware Heroes: Making Physical Products that Matter – Join Rev’s January Networking Night to meet hardware founders and startups at every phase of growth. Hear from engineering leaders and learn about the latest in hardware innovation.

• January 30 – Latham – CEO Connect: Economic Outlook – Join Albany Business Review and Siena College Research Institute for a discussion with top business leaders sharing their outlook on 2019 and beyond.