Launch NY today announced that they have invested in seven additional promising startups bringing its portfolio to 17 companies and $667,500 in funding since March 2016. The Launch NY Seed Fund, a nonprofit fund fueled by grants and donations, has continued to grow since its inception and most recently increased its funding capacity through over $300,000 in awards from the US Treasury Department and Viaduct.
Schumer, Gillibrand: Federal Investment Will Support Innovation For Area Entrepreneurs in Upstate New York September 22, 2017Buffalo, NY – U.S. Senate Minority Leader Charles E. Schumer and U.S Senator Kirsten Gillibrand today announced $168,000 in federal funding for Launch NY. The funding was allocated through the U.S. Department of the Treasury’s Community Development Financial Institutions […]
Farther Farms, a sustainable food processing company founded by Mike Annunziata ‘11, MBA ‘17 and Vipul Saran, MPS ‘17, has received a $25,000 investment from Launch New York (Launch NY), a venture development organization promoting economic growth in western New York.
Buffalo Business First
Rachel's Remedy has closed on about $300,000 from investors this year and is considering one more $100,000 injection of capital before closing out its seed round. The money comes mostly from existing investors such as Launch NY, Z80 Labs and a collection of private individuals, and is both convertible debt and equity.