“Galera Therapeutics, a biotech startup born out of research in Dennis Riley’s lab at Monsanto Co., has added $15 million to its latest funding round, bringing the raise to $57 million overall. The new money comes from Sofinnova Ventures, a Silicon Valley-based clinical-stage biopharmaceutical venture capital firm with approximately $2.2 billion under management.” Read the full Business Journal article here.
“2016 was the best year for launching new venture funds in St. Louis history. RiverVest, Cultivation Capital, and Lewis and Clark each raised new funds for the second consecutive year. Both SixThirty and The Yield Lab launched new accelerators in 2016. Notable numbers include: $218 million raised by 8 venture funds $133 million was raised by bioscience and plant science funds $85 million raised by...
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“Have you seen the new video announcing Amazon Go?! Wow! If you’ve seen this video, you’ve likely double or triple checked other news sources to see if this is “fake-news”. How could Amazon possibly allow you to walk in, grab what you want off the store shelf and leave without ever scanning an item or checking out?! Removing friction from the buying process is an...
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“Want to overhaul a traditional industry? Take a problem, stir in technology and voila: Uber and Lyft upend standard transit options, AirBNB takes on the hospitality industry and Square revolutionizes how both small and big businesses make transactions. We can easily reference the game-changers above because they’re companies that often directly affect us; we use the apps and reap the benefits. But there are still plenty...
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ST. LOUIS, MO (November 29, 2016) – SixThirty, a St. Louis-based business development accelerator and venture fund that invests in late seed-stage financial technology (FinTech) startups, is accepting applications for its spring 2017 cohort. SixThirty invests in FinTech startups with working products and focuses on business development and revenue acceleration. Selected companies will receive up to a $100,000 investment in exchange for a negotiated percentage of...
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“Bluebridge, a Fishers, IN-based software company specializing in mobile apps for churches, employers, and tourism entities, announced last week that it sold off two of its business units in order to devote its energy to Emplify, its fast-growing employee engagement app. PushPay‘s e-church division, based in Redmond, WA, acquired Bluebridge Churches, while Tucson, AZ’s Simpleview bought Bluebridge Tourism. The two separate transactions netted Bluebridge a total...
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“Timothy Stern, a General Partner at Cultivation Capital, knows what it takes to build a company. He also believes that innovation and a focus on technology is what will keep St. Louis thriving. We sat down with Stern to discuss his path to becoming a successful investor and the future of STL’s tech scene.” Read the full EQ article here.
“Your phone can entertain you, inform you, and keep you connected to the people that matter the most—but it can also be a help in times of emergency. Whether you find yourself in a genuine life-and-death situation or just an awkward social encounter, your phone can help you escape. These are the apps you should keep installed in case of emergency.” Read the full Gizmodo...
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“SHANGHAI, November 7, 2016 /PRNewswire/ — Wind Info and BondIT have established a strategic partnership to bring AI and machine learning techniques to global fixed income markets, with an initial focus on more mature international markets, followed by rollout to the Chinese market. The partnership will build on BondIT’s global expertise in big-data and machine learning, and will leverage Wind Info’s comprehensive data-sets and distribution...
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“Why should startups apply to accelerator programs? Access to funding is an easy answer, but it’s not always the most important reason. SixThirty is a venture capital fund and a business development accelerator program that focuses on financial-based technology; its cohort members participate in a 12-week program based in St. Louis, with each company selected receiving an investment of up to $100,000 as well as hands-on...
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