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Summersalt Makes CNBC List of 100 Most Promising Startups

Every year, CNBC scans the globe looking for the 100 venture-backed start-ups that have the potential to transform industries and become tomorrow’s household names. Our 2019 Upstart 100 list showcases young start-ups that are building and scaling businesses addressing the rapidly changing technological era we live in.

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Galera Therapeutics Goes Public with 60 Million IPO

Biopharmaceutical firm Galera Therapeutics, which was founded in St. Louis a decade ago, is now a public company traded on Nasdaq.

Galera raised $60 million Wednesday in its initial public stock offering, selling 5 million shares at $12 apiece. The shares surged as high as $13.43 in Thursday morning trading before settling back near the $12 level.

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Emplify Raises 15M in Series B Funding

Emplify, an Indianapolis-based data-driven employee engagement improvement company, raised $15m in funding.

The round was led by Edison Partners with participation from Allos Ventures, Cultivation Capital, Mark Hill, Bob Davoli from Gutbrain Ventures and 4G Ventures managing director Bill Godfrey.

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Cultivation Capital is One of the Most-Active Recently Founded Investors

Prolific startup investors are often quite advanced in years themselves. A Crunchbase News ranking of the most active lead investors of 2019, for instance, found that most of the top ten are firms that have been around for several decades.

Looking at that list, one might get the impression that younger firms aren’t getting much of a share in the startup action. But that’s just not so.

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Cultivation Capital Leads $7.7M Series A Investment in Reconstruct

Reconstruct provides a ‘visual command center’ for projects enabling project executives to proactively and precisely manage construction progress including detecting current, past, and future performance issues. The platform’s 3D timelines enable real-time coordination among general contractors, subs, owners, and lenders. A labor-intensive process that relied on paper or spreadsheets and took weeks now takes minutes.

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Cultivation Capital Opens an Office in Chicago

To better find, connect with and invest in early-stage tech companies in the Midwest, a St. Louis venture capital firm opened a Chicago office. Cultivation Capital, whose portfolio includes Madison, Wisconsin-based ImageMover MD and Bloomington, Indiana-based Cheddar, announced that it opened a new office in River North on Monday.

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