Launch NY Investor Network invests $50,000 in PostProcess Technologies

Investment will allow pioneering, Buffalo-based startup to continue sales momentum

Current Investor Network deal features P1ston, a supply chain startup based in the Capital Region

 

July 24, 2024, Buffalo, NY – Launch NY is pleased to announce a $50,000 investment into Buffalo-based startup company PostProcess Technologies via the Launch NY Investor Network.

 

This is the second time PostProcess tapped the Investor Network for funding to support its growth. The previous investment was $80,000, bringing total Investor Network funding in PostProcess to $130,000.

 

PostProcess is a pioneering company in automated post-processing solutions for the additive manufacturing industry. The company is raising a Series C funding round as it grows its customer base, electric vehicle company Lucid Motors recently became its 500th customer.

 

The Launch NY Investor Network is a syndicate of accredited investors who gain exclusive access to pre-vetted startup deals in Upstate New York. More than 325 individuals now participate in the Investor Network, giving them a chance to make equity investments in talented innovators across the region.

 

“We know there is tremendous interest in getting involved with high-growth startups across Upstate New York,” said Marnie LaVigne, Ph.D., president and CEO of Launch NY. “The Investor Network gives residents and ex-pats direct access to the deals that are happening here, in a format that allows them to focus their attention on the founders and their business models. This is our Investor Network’s second investment in PostProcess, bringing the total to $130,000 to date, which showcases how our unique network responds to innovative companies with clear roadmaps for growth.”

 

The Investor Network has been successfully growing, with $1,910,000 invested in seventeen companies since its inception in 2020. Additionally, the network recently reached a key milestone of onboarding its 325th investor.

 

The current featured deal is P1ston, a Capital Region-based startup that lowers costs at small- and mid-sized businesses by increasing supply chain effectiveness. P1ston is in the process of going from four to 10 customers, with a swelling pipeline. For more information on P1ston and the Investor Network, accredited investors can submit at https://launchny.typeform.com/to/RvV8A9.

 

PostProcess was founded in 2013 by engineer Daniel Hutchinson and is led by CEO Jeff Mize. The company’s machines “finish” parts after they’ve been through additive manufacturing processes, providing a key automated service in a growing industry. As additive manufacturing shifts from prototyping into full commercial applications, the market opportunity for PostProcess is expected to increase substantially.

 

PostProcess has 43 employees, approximately 30 of whom work out of its headquarters in Buffalo’s Tri-Main Center.

 

“We’re grateful to Launch NY and our new Investor Network partners for their investment in the future of PostProcess,” Mize said. “This company has long been supported by the Buffalo community, and we’re excited that legacy continues as we pick up momentum in the marketplace. PostProcess is now engaged in meaningful talks with potential customers across the world and we’re in an ideal position to capitalize as additive manufacturing adoption grows.”

 

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About Launch NY: Launch NY is the only nonprofit venture development organization and U.S. Treasury-designated Community Development Financial Institution (CDFI) that serves and directly funds startups in Upstate New York. The core mission of Launch NY is to identify, support and invest in high‐growth, high‐impact companies and to catalyze the entrepreneurial culture of Upstate New York on behalf of job and wealth creation. Since its inception in 2012, Launch NY has served more than 1,650 companies which have gone on to raise more than $1.4 billion, generate more than $250 million in annual revenues and supporting more than 5,200 jobs. Launch NY delivers its mission via mentorship and capital access programs, starting with pro bono mentoring through its Entrepreneur-in-Residence program, Founders Go Big program for underrepresented and underserved founders, and Emerging Cleantech Opportunity (ECO) Incubator. These programs prepare entrepreneurs for investment capital from multiple sources, including Launch NY’s InvestLocal Financing Programs comprised of nonprofit and for-profit investment funds, and Investor Network deals marketplace that features hundreds of accredited investors. Through these vehicles, Launch NY is the most active seed investor in New York state and has been ranked among the top 5 nonprofit seed funds in the country. Women- and/or BIPOC-led companies have consistently comprised over 40% of Launch NY’s mentored companies and have received over 50% of Launch NY’s investment capital.

For more information about Launch NY, its programs, and other entrepreneurial opportunities, visit www.launchny.org, and follow Launch NY on Facebook , Twitter and LinkedIn