Excell Partners Receives $2M Grant to Invest in Businesses
Tuesday, February 17, 2015
Source: Rochester Business Journal
Excell Partners LLC has received $2 million to invest in pre-seed stage businesses as part of $5 million in total grants announced Thursday by Gov. Andrew Cuomo to support investment firms.
The funding is part of the governor’s $50 million Innovation Venture Capital Fund program.
Excell Partners, a for-profit affiliate of the University of Rochester, was one of three companies receiving funding. The company works with businesses including those focused on life sciences, energy, software and consumer products across a large portion of the state.
Since its launch in 2005, Excell has invested in more than 41 seed stage companies, state officials noted.