STL Business Journal Entrepreneurial Recap
Wednesday, February 3, 2016
The following news and notes were displayed at the MVF Breakfast Builders Event on March 3. News and notes are provided by Brian Feldt of the St. Louis Business Journal.
-Nestle is adding 300 IT jobs to downtown St. Louis as part of the company’s relocation of its U.S. subsidiary’s corporate headquarters from California to Virginia.
-Drug development startup Affigen raised $17 million from Black Beret Life Sciences.
Video broadcasting startup Geniecast raised almost $4 million.
-Capital Innovators invested in six new startups. To date, Capital Innovators has invested roughly $3.5 million into 70 companies, which have gone on to raise more than $235 million in follow-on venture capital.
-AirZaar, a cloud-based Software-as-a-Service platform for drone fleet management, raised $350,000 from investors including the Missouri Technology Corp. (MTC) and New York City-based Quake Capital.
-Cultivation Capital helped New York City startup GAN Integrity raise $9 million.
Tarlton started construction on a new $21 million tech building in Cortex. Microsoft is expected to occupy part of the building.
-The former home of T-REX, the Railway Exchange Building, was sold and a developer plans to turn it into apartments, offices and retail.
-Software developer JW Software is adding 10 jobs over the next 12 months and is looking to expand its real estate footprint by purchasing a new corporate headquarters.
-CTY, which develops technology to provide analytics and data for physical places, was accepted into the famous 500 Startups business accelerator in Silicon Valley.
-Ginger Imster has left Arch Grants to become the new vice president of innovation and entrepreneurship for the St. Louis Economic Development Partnership.
-The video game industry accounted for nearly 700 jobs in the state of Missouri and generates $44 million for the economy in 2015, according to new research from the Entertainment Software Association (ESA). That’s up from the $39.4 million the industry generated in 2012, the last year the report detailed, and significantly up from $14 million in 2009.
-A new report published today by the Kansas City-based Ewing Marion Kauffman Foundation found that as America is becoming more racially diverse, the entrepreneurs founding startups are not. 80 percent of entrepreneurs are white and 64.5 percent are male, according to Kauffman’s annual State of Entrepreneurship report.