Catch up with the latest developments, news and insights from 43North and our portfolio companies.
The startup – which splits operations between Buffalo and Toronto – announced that it has raised a $7 million round of venture capital. The money will support heavy demand not just in health care but also food processing, biotechnology, hospitality and corporate offices.
Re-posted from The Buffalo News 43North has turned its second annual “Code:Buffalo” event into an online competition, with $15,000 in prize money up for grabs. Teams that sign up for the “hackathon” are being directed to “build something for Buffalo.” “It’s really broad by design because we’re looking to inspire our participants to really build
To honor Women’s History Month, let’s take a look at some pioneers from Buffalo’s past and women that are leading the charge in today’s startup community.
43North Y4 portfolio company Squire announced a Series C raise of nearly $60 million at a $250 million valuation, nearly triple the company’s valuation of its June 2020 Series B raise. The raise, which ICONIQ Capital led with participation from Tiger Global, Charles River Ventures, Trinity Ventures, New General Market Ventures and SoftBank Opportunity Fund,
Today, 43North hosted its second annual JobCade career fair for Buffalo-area startups and emerging businesses. More than 50 local companies, looking to fill over 400 openings, were on hand for the event. Hundreds of job seekers showed up to learn about the wide array of opportunities that included roles in sales, marketing, operations, accounting, manufacturing and more.
The seven prize winners – six of whom are from out of town – have formed connections with each other and have made contacts in the local business and academic worlds, thanks to introductions by 43North.
43North – the business competition and incubator – has moved its staff members and portfolio companies into newly renovated space on the 24th floor of Seneca One Tower. That includes seven new 43North companies – the winners of prize money in its annual competition last October – and 11 companies that won 43North prizes in recent years.
Today, the 43North Board of Directors announced the appointment of Colleen E. Heidinger to President. The move for Heidinger comes after nearly five years with the organization, where she most recently served as VP of Programming Strategy and Community Engagement.
Hundreds of local jobs created. Over $175M in venture capital investment. And the first tech unicorn in our portfolio (and in Buffalo). We take a look back on all that happened in 2019, as we excitedly look forward to what’s to come in 2020.
For the third year in a row, at least 20 local startups have attracted growth-oriented financing from private sources. In 2019, the cumulative amount of money raised has already eclipsed $220 million, enabling companies to hire engineers, customer service reps, sales personnel and business executives.
Congratulations to ACV Auctions on your $150 million Series E raise, your $1.5 billion valuation, and your 1,000th employee! We’re proud to have you in the 43North portfolio and we can’t wait to see how you continue to grow and revolutionize the dealer-to-dealer used car industry!
The success of ACV Auctions speaks to entrepreneurs worldwide and shouts that the history and spirit of innovation is alive and well, right here in Western New York.