STL Business Journal Entrepreneurial Recap
Friday, April 7, 2017
The following news and notes were presented at the MVF Breakfast Builders Event on April 7, 2017. News and notes are provided by Brian Feldt of the St. Louis Business Journal.
-Startup Genome, a San Francisco-based research firm that helps startups, estimated St. Louis’ startup ecosystem to be worth $761 million. The organization called St. Louis a rising entrepreneurial city.
-Microsoft officially announced its new regional headquarters will move to the Cortex innovation district, where the company will have 150 employees.
-HC2 Holdings invested another $10.2 million in MediBeacon as part of a staged financing agreement.
-Prolog Ventures, the Clayton-based venture capital firm that specializes in investing in healthy living companies, participated in three startup deals in March — two of them local — that combined total nearly $30 million. The local companies include Arvegenix, which raised $2.4 million, and Benson Hill Biosystems, which raised a total of $25 million.
-NewLeaf Symbiotics, an agricultural biotech company commercializing products from naturally occurring bacteria that are meant to boost farmers’ yields, has raised just more than $3.5 million.
-Hey Let’s Train, a St. Louis startup that developed a platform that lets users connect with professional athletes, raised $2.7 million.
-Bandura Systems, a local cybersecurity software startup, raised $1.3 million.
Precision Virologics, a St. Louis-based biotech startup, has raised $500,000 from a group of investors that includes Oncolys BioPharma, a biopharmaceutical company from Japan.
-Ascent, a local developer and operator of data centers, has acquired two data centers, in the Atlanta and Toronto markets.
-Canopy Biosciences, a young startup looking to accelerate the commercialization of life science medical tools and services, has exclusively licensed a gene-editing technology from Washington University in St. Louis and Johns Hopkins University.
-Andrew Smith, formerly a customer engagement director with the Churchill Downs horse racetrack in Louisville, is the new vice president of entrepreneurship and innovation at the St. Louis Regional Chamber.
-Amy Nelson, a native St. Louisan who has been second in command at Venture for America, an nonprofit that places recent college graduates at startups across the country, is now CEO of the organization.
-Local startup accelerators Stadia Ventures and SixThirty announced new startup investments that total nearly $1 million. Meanwhile, Ameren has launched a new startup accelerator for early-stage energy technology companies.