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Summer funding roundup: Check out Buffalo-based startups that raised money


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Lindsey Tropf, CEO, Immersed Games
Joed Viera

Buffalo-based startups kept up a robust pace of funding rounds this summer, at least by local standards.

Here is a roundup of the companies that completed funding rounds over the past few months.

Centivo

$51 million in Series B1 funding

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Ashok Subramanian, Centivo co-founder and CEO, in a 2014 portrait
Photographer:Jim Courtney

The Buffalo-based healthcare tech startup raised $51 million in venture capital to fuel its national expansion. The round was led by B Capital Group and Maverick and included contributions from a variety of firms. Buffalo-based Rand Capital Corp., which previously invested $800,000 in Centivo, sold its stake in the company for approximately $2.4 million as part of the round. Rand expects to realize a gain of $1.6 million on its investment into Centivo.

CleanFiber

$11.9 million in private funding

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Jonathan Strimling, president and CEO, CleanFiber
CleanFiber

The company, which established its base in Buffalo in 2017 after winning a 43North prize, closed on $11.9 million in private funding from a variety of sources.

The round included a $4 million investment from Aligned Climate Capital and a contribution from Jeff Wilke, the former second-in-command at Amazon. Local investors included the NOCO Energy, 43North (which made a $300,000 investment this spring) and the Western New York Impact Investment Fund, which invested $500,000.

HiOperator

Undisclosed sum*

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HiOperator CEO Liz Tsai at a Business First event in 2019.
Joed Viera

HiOperator, the tech-enabled customer service startup with operations in Buffalo and Dallas, received a new injection of cash from existing investor HearstLab. The amount of the investment was undisclosed.

Immersed Games

$540,000 seed round

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Kevin Wise, technical artist, and Caroline Lamarque, creative director, work on TYTO at Immersed Games.
Joed Viera

Immersed Games has closed on about $540,000 of an ongoing seed round this year. The Buffalo-based startup has developed an educational game that helps middle schoolers develop STEM skills.

Joblio

$4 million seed round

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Jon Purizhansky, CEO, Joblio
Joblio

Joblio, a Saas platform for the global talent marketplace, raised a $4 million seed round from a strategic corporate investor. The company has a distributed workforce but founder and CEO Jon Purizhansky is in Buffalo.

Patient Pattern

$1.2 million seed funding

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Dr. Steven Buslovich says the idea for Patient Pattern came while he was completing fellowship training in Manhattan and saw opportunities in the geriatric market.
Photographer:Jim Courtney

Patient Pattern, a software platform that seeks to improve nursing home care, raised about $1.2 million with contributions from Launch NY and the Buffalo Angels.

Garwood Medical Devices

$4 million in Series C funding

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Garwood Medical Devices co-founders Brian Peterson and Wayne Bacon at their new Northland Avenue headquarters.
Joed Viera

Garwood Medical Devices raised $4 million to support continued development of its leading wound care technology. Contributions came in from the WNY Impact Investment Fund, the Murray family (former owners of U-C Coatings) and a global network of investors in the orthopaedics and health care space.

VeriTX

Friends and family funding

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James Regenor, co-founder, VeriTX
James Regenor

Blockchain-based digital supply chain startup VeriTX brought in $250,000 in friends and family funding.

Jerry

$75 million in venture capital

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Josh Damico, vice president of sales and service, Jerry
Jerry.ai

Jerry – which is based in San Francisco but has a significant hub of operations in Lockport – raised $75 million in funding to support the development of its car “super app.” Jerry also completed a venture capital raise in the spring and has now closed on $103 million this year

Ognomy

$1.37 million in pre-seed funding

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Ognomy chief operating officer Greg Ross
Joed Viera

Ognomy - a tech-enabled system to support sleep apnea treatment – closed on $1.37 million in its first outside funding round. Investors include two Bay Area venture capital firms, including Future Communities Capital, led by investor Rohit Gupta.

Classavo

Undisclosed*

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Rohan Shah, founder of Classavo, at the company's Amherst headquarters
DM fotography

Classavo raised an undisclosed sum as it seeks to scale its higher ed classroom management software platform.


* Business First reports on undisclosed funding rounds when it can confirm they’re at least $100,000.



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