Search
Register   |   Print Page   |   Contact Us   |   Sign In
Community Search
News & Press: Coming Events

STL Business Journal Entrepreneurial Recap

Friday, August 4, 2017  
Share |

The following news and notes were presented at the MVF Breakfast Builders Event on August 4, 2017. News and notes are provided by Brian Feldt of the St. Louis Business Journal.

 

-Venture capital flowing into St. Louis companies during the first half of 2017 increased more than 142 percent when compared with the same time period in 2016, from $54.86 million to $132.78 million. Deal flow remained steady at 24.

 

-Benson Hill Biosystems’ $25 million financing in March— a deal led by local venture capital firm Lewis & Clark Ventures along with Silicon Valley-based Prelude Ventures — was the largest venture deal of the first six months.

 

-Biotech startup Cofactor Genomics raised $10.68 million from investors including Silicon Valley-based Menlo Ventures.

 

-Cultivation Capital helped a San Diego-based startup called Cloudbeds raise a $9 million. It also helped Charlotte-based DealCloud raise $4.5 million.

 

-Tech giant Cisco agreed to acquire Clayton-based startup Observable Networks, a provider of network security services. Several local investors will come out winners in the deal.

 

-Greetabl raised $1.5 million from PinPoint Holdings. Lindbergh Technology Fund, the Missouri Technology Corp., Saint Louis University’s Billiken Angel Network, Centennial Investors and other angel investors.

 

-Hoperator raised $1 million from local artificial intelligence software company Veteran Technology Group.

 

-Medical device startup Acera Surgical got started on a $4 million financing round.

Apse raised a $463,500 bridge round.

 

-Tallyfy raised $350,000 from Shaker Sadasivam, the former CEO of SunEdison Semiconductor.

 

-Truck Driver Power reported raising $150,000.

 

-JPMorgan Chase identified BioSTL as a national model for developing strategies to support the clusters of strong economic growth.

 

-St. Louis’ tech talent pool grew by roughly 8 percent between 2011 and 2016, a growth rate that is far slower than most other large cities, according to data in CBRE’s annual Tech Talent Report.

 

-Several tech companies, including Aegis Strategies, TierPoint, Vintech Solutions, Chameleon Integrated Solutions and KNOWiNK were among St. Louis’ fastest growing private companies.

 

-Gov. Eric Greitens’ innovation task force made progress on polling entrepreneurs and others in the innovation economy on what the state can do better to spur growth. Most responding to a questionaire thought the state needs to do a better job of providing access to capital.

 

-In accelerator news: Ameren invested in its first set of startups as part of the new energy-focused accelerator. SixThirty Cyber added six new startups. And Capital Innovators and The Yield Lab were rated as two of the best accelerators in the nation.

 

-A Philadelphia-based real estate investor has acquired the historic Schupp Building at 401 Pine St. in downtown St. Louis and plans to open a Silicon Valley-founded co-working office space called Covo.

 

-In personnel news: ITEN named Mary Louise Helbig as its new executive director while Arch Grants named Emily Lohse-Busch as its new executive director.

 

-IT consultant TDK Technologies plans to add up to 40 new software jobs over the next six months as it continues to add clients that require Java developers.


more Calendar

9/12/2017
MVF Meeting September 12, 2017 (Speaker: David Wolfe, Urban Chestnut)

10/6/2017
MVF Breakfast Meeting October 6, 2017 (Speaker: Lori Coulter swimwear and apparel)

Featured Members
Online Surveys
Association Management Software Powered by YourMembership  ::  Legal