Launch NY, Upstate New York’s first and only venture d.evelopment organization to provide pro bono mentoring and capital access to high-growth startups across the 27 westernmost counties of the state, is continuing its strong investment activity in 2019, announcing a total of 40 portfolio company investments and 19 transactions so far this year, keep pace as the most active seed fund in New York state.
“Once again, we are in a record-breaking position and look forward to continuing our support in some of New York’s hottest startups,” said Marnie LaVigne, Ph.D., president and CEO of Launch NY. “These infusions of capital can mean a myriad of outcomes for different companies, from bringing their product to market faster, to expanding upon their current offerings. We’re proud of our ability to work closely with our portfolio companies and determine what will help them the most. It’s just another way we can offer assurance to our investors and funders their dollars will be spent wisely.”