|
A quarterly update on VGV portfolio companies, partners, and industry trends.  MedaSync Investment has Youngstown TiesMedaSync, a leader in AI software solution for skilled nursing operators, recently brought in $250K of new investment with Youngstown connections. Aztec Capital Management added the AI software solution to their exclusive portfolio, already comprised of Anchor by DatAnchor and Comeback Capital. Aztec includes members of the Bushey family who are based in Youngstown and very active in the community. Two angel investors, Phillip DePaul and Jeff Bleacher, who both grew up in the Youngstown region also invested in the AI software solution. “We’re using technology to keep nurses away from administrative manual workflows and in front of patients,” says Ryan Edgerly, CEO of MedaSync. "It's amazing to have more NE Ohio investors involved and is a testament to MedaSync’s ability to help skilled nursing operators strengthen their businesses and improve the patient care experience.” Funds from the investment will further MedaSync’s growth plans while giving operators enhanced access to MedaSync’s technology. To stay up to date follow MedaSync on LinkedIn.  S4 Medical Large Scale Human TrialS4 Medical Corp. began its first large scale clinical trial in September 2021 with clinical sites at The Ohio State University Ross Heart Medical Center, ProMedica with Dr. Kahaly and the EP team in Toledo OH, and most recently at Grandview Medical Center - Birmingham, AL with Dr. Osorio, Dr. Morales, Dr. McVey and others. The company's main focus is a simple, yet comprehensive solution for reducing complications to the esophagus during catheter ablation treatment for atrial fibrillation. S4 Medical has already achieved several important milestones including first-in-human testing, securing intellectual property, and demonstration of compatibility with electrophysiology systems. It is not yet approved for commercial use. For more information, visit www.S4medical.com or follow S4 Medical on LinkedIn and Twitter for more company updates. partner highlights YBI's Youth Entrepreneurship Programs Receives National RecognitionThe Youngstown Business Incubator's Youth Entrepreneurship Program, led by Tanisha Wheeler, was named to the “Inc. 2021 Best in Business” list. The program began in January 2021 with a 15-week cohort, The LaunchPad. Programming included general entrepreneurship and building a business model, as well as leadership, teamwork and communications skills. Of the 25 students enrolled in the program, 14 registered their businesses with the secretary of state, got employer identification numbers, and learned about financial literacy and the cost of doing business. Visit www.ybi.org for more information or follow YBI on LinkedIn to stay up to date. industry news Intel Invests $20 Billion in Massive Semiconductor Factory in OhioIntel announced plans to build two new leading-edge chip factories in Ohio, making it potentially the world's largest chip-making complex.
The $20 billion initial investment will help boost production to meet the surging demand for advanced semiconductors. Intel also pledged up to an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.
0 Comments
 VGV Invests in TonDone, A Building and Facility Service Software CompanyYOUNGSTOWN, Ohio – Valley Growth Ventures announces its newest portfolio investment in TonDone, a simple, all-in-one facility and building service management platform.
Founded in Akron, Ohio by two leading operations executives, TonDone is trusted to manage millions of square feet of commercial space at hundreds of locations, from malls to hospitals. “The TonDone team has built a powerful but easy to use platform that has attracted a strong customer base. We at VGV are excited to invest in their growth and partner in their success” said Managing Director Ernie Knight in a statement. “TonDone will be an excellent addition to our portfolio, and I look forward to working with the team.” Valley Growth Ventures has invested nearly $1.25 million in its portfolio companies, part of a total exceeding $17 million that has been invested across the portfolio. The Fund’s portfolio companies include S4 Medical, a medical device company focusing on solutions to cardiac procedures to treat atrial fibrillation; DAtAnchor, a data security company providing encryption, automated data governance and dynamic access controls; MedaSync, a business intelligence and decision support software company aimed at nursing homes; MedPilot, a patient financial engagement platform for medical offices, revenue cycle management companies and practice management systems; and now TonDone, a simple, all-in-one facility and building service management platform. In addition to providing investments to its portfolio companies, Valley Growth Ventures also provides guidance and operational resources to help its companies expand. “When you’re building a startup, you need all the help you can get! Valley Growth Ventures has fully rolled up their sleeves to help us in a multitude of areas like company strategy, business development, and marketing,” said TonDone co-founder Matt Crowley in a statement. “Valley Growth Ventures has been extremely strategic for our company. They’ve helped position us for continuing growth and success in our target markets..” A quarterly update on VGV portfolio companies, partners, and industry trends. Portfolio Company Highlights S4 Medical Kicking-Off Clinical Studies A congratulation is in order for VGV portfolio company, S4 Medical. Recently, S4 Medical announced its first patient to be enrolled and treated in the Easy AF IDE Study at The Ohio State University Ross Heart Medical Center. S4 is focused on developing solutions for safer and more effective catheter ablation treatment for atrial fibrillation. The clinical resolution is a catheter-based device designed to displace the esophagus away from the source of ablation energy during ablation of AF and to minimize the risk of esophageal injury. It is not yet approved for commercial use. Follow S4 Medical on LinkedIn for more company updates Partner Highlights Virtual Avatars, Home Safety Take Top Prizes at YBI Shark Tank Event The Youngstown Business Incubator held its second Shark Tank event, their biggest fundraiser of the year. They had businesses and entrepreneurs pitch their ideas to a live audience of more than 500 people in order to gain exposure. This year's winners are Devyn Bellamy with GERAS Home Solutions for “audience choice” and Jame van Doren with Neverending for “sharks’ choice.” YSU Exceeds Campaign Goals by $26 million Youngstown State University's largest fundraising campaign in the school's history has exceeded its goal of $100 million — totaling $126,187,126! During the quarterly Board of Trustees meeting Paul McFadden, the YSU Foundation’s president, said the university soon plans to release several TV commercials detailing how the funds will impact YSU. industry newsIs Sequoia's Fund Restructuring Really a Game-Changer for VC?
"The VC industry appeared to reach something of a watershed moment when Sequoia fundamentally restructured its vast portfolio into a single master fund. With the announcement, Sequoia declared that as far as its business is concerned, the venture industry's standard 10-year fund cycle is "obsolete." It's an innovative move for sure, and one that is perhaps overdue. But while it may help solve some problems, it could also be creating new ones." |