Three local startup companies with underrepresented founders are getting their chance in front of Launch NY's Investor Network.
The network includes more than 210 accredited investors, who make investments alongside Launch NY for-profit and nonprofit funding vehicles.
The minimum investment for the three deals has been reduced to $5,000.
The companies include:
Arbol, founded by first-generation Latino college graduates Favio Osorio and David Gonzalez, is building a high-growth business model around the goal of keeping low-income students in college through graduation.
Osorio and Gonzalez met while working at M&T Bank and started Arbol last year. The deal is now in front of Investor Network members.
Related: David Gonzalez and Favio Osorio working to unleash power of community on low-income college students
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Cahill Tech, founded by construction industry veteran Carly Hill, offers a web-based platform that trains, tests and measures workforce readiness in construction workers.
Founded in 2019, Cahill Tech grew expansively during the pandemic, and Hill expects business to double again this year. The Cahill deal is also now available to Investor Network members.
Related: Cahill Tech unleashes high-growth tech in a blue-collar industry
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AireXpert, founded and led by Andy Hakes, who is Black, is a digital platform that supports aircraft maintenance.
Hakes has said the airline industry's long-term struggles throughout the pandemic have forced it to adopt digital solutions such as AireXpert.
Launch NY already invested $125,000 in seed funding into AireXpert earlier this year. The deal will be presented to the Investor Network shortly, according to Launch NY.
Related: Arbol closes on $125K in seed funding as business picks up
