WNY Fund Invests in CaHill Tech and NYS Grants Support

Amid a challenging startup investment landscape, CaHill Tech, a woman-led company specializing in a mobile training tool for the construction industry, has secured a follow-on investment and a state grant. The startup, in the midst of a bridge funding round between seed and Series A, has received a $250,000 bridge round contribution from the Western New York Impact Investment Fund. The fund supports startups making a positive community impact. This follows CaHill’s closure of a $1 million seed round last year. The bridge funds will enhance the software team and boost sales by freeing the founder’s time for events and relationship-building. CaHill also secured a $750,000 state grant to develop aQuiRe Academy, a tool for workforce development, and signed a deal with the state’s Office of Diversity and Opportunity to introduce their flagship training product to various organizations. CaHill aims to increase its users from 5,000 to 20,000 by 2024.

To view the full article from BizJournals– Click Here