Catch up with the latest developments, news and insights from 43North and our portfolio companies.
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.
Buffalo has its first confirmed unicorn. Only this one isn’t a horse with a horn on its head. It’s a privately held startup company that has achieved a rare benchmark of being valued by investors at $1 billion or more.
ACV Auctions has raised the largest round of venture capital in the history of Buffalo-based companies, making it the region’s first software unicorn, according to a company announcement Tuesday evening.
43North portfolio company ACV Auctions has raised a $150 million Series E round of financing at a valuation of greater than $1.5 billion, making it Buffalo’s first tech unicorn.
In 2006, Feld co-founded Techstars, which has built a presence around the world working with startups, including in Buffalo, in partnership with 43North.
In this short film by FIFTEEN and DRIFTWOOD, a founder embarks on her entrepreneurial journey and navigates the ups and downs that come with starting a company.
Building a startup culture requires patience, just like building a new startup company. Not every bet is a winner, but you have to be in the game to have a shot.