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Empire State Development

North America, New York, United States, New York

Description

Empire State Development (ESD) is New York’s chief economic development agency.

Investor Profile

Empire State Development has made 19 investments, with 7 in the past 12 months and 68% as lead.

Stage Focus

  • Grant (68%)
  • Series A (21%)
  • Series B (5%)
  • Seed (5%)

Country Focus

  • United States (95%)
  • Germany (5%)

Industry Focus

  • Health Care
  • Manufacturing
  • Biotechnology
  • Business Development
  • Non Profit
  • Pharmaceutical
  • Therapeutics
  • Consulting
  • Food And Beverage
  • Service Industry
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Empire State Development frequently co-invest with?

Alexandria
North America, California, United States, San Francisco
Co-Investments: 2
Pfizer Venture Investments
North America, New York, United States, New York
Co-Investments: 3
Accelerator Life Science Partners
North America, New York, United States, New York
Co-Investments: 3
Partnership Fund for New York City
North America, New York, United States, New York
Co-Investments: 3
Johnson & Johnson Robotics and Digital Solutions
North America, New Jersey, United States, New Brunswick
Co-Investments: 3
180 Degree Capital
North America, New Jersey, United States, Montclair
Co-Investments: 3
WuXi AppTec
Asia, Shanghai, China, Shanghai
Co-Investments: 3
WF
North America, Washington, United States, Seattle
Co-Investments: 3
AbbVie
North America, Illinois, United States, North Chicago
Co-Investments: 2
ARCH Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 3

What are some of recent deals done by Empire State Development?

SimpliFed

Ithaca, New York, United States

SimpliFed is a telehealth company that provides access to virtual breastfeeding support to new and pregnant parents.

ConsultingHealth CareParentingTelehealth
SeedFeb 4, 2025
Amount Raised: $4,000,000
Rochester Technology and Manufacturing Association

West Henrietta, New York, United States

RTMA fosters manufacturing innovation and growth in Rochester and the Finger Lakes Region.

Business DevelopmentManufacturingService Industry
GrantDec 12, 2024
Daystar Kids

Rochester, New York, United States

Daystar Kids is a nonprofit organization that provides therapeutic, educational enrichment, and family support services.

Child CareHealth CareNon Profit
GrantNov 15, 2024
Amount Raised: $3,000,000
RochesterWorks

Rochester, New York, United States

RochesterWorks!, Monroe County's largest employment and training initiative,

AssociationCareer PlanningEmploymentHuman Resources
GrantNov 13, 2024
Amount Raised: $5,500,000
FuzeHub

Albany, New York, United States

FuzeHub is a not-for-profit organization that assists small- to medium-sized manufacturing companies

Manufacturing
GrantJul 9, 2024
Amount Raised: $1,000,000
Envisagenics

Long Island City, New York, United States

Envisagenics reduce the complexity of biomedical data to accelerate the development of innovative therapeutic solutions.

Artificial Intelligence (AI)BioinformaticsBiotechnologyMachine LearningTherapeutics
Series BJun 4, 2024
Amount Raised: $25,000,000
FIFCO

Rochester, New York, United States

FIFCO renders brewing, packaging, importing, marketing and selling services.

BrewingCraft BeerFood and BeverageManufacturing
GrantMay 6, 2024
Amount Raised: $7,000,000
WISE Women’s Business Center

Syracuse, New York, United States

WISE Women’s Business Center provide comprehensive business training and counseling.

Business DevelopmentConsulting
GrantFeb 27, 2024
Dimensional Energy

Ithaca, New York, United States

Dimensional Energy uses photochemistry to produce environmentally responsible polymers and chemicals for its industrial partners.

ChemicalEnergyManufacturingSolar
Series ADec 12, 2023
Amount Raised: $20,000,000
Mohawk Valley EDGE

Rome, New York, United States

Mohawk Valley EDGE is a nonprofit firm that provides a coordinated economic development program that can assist businesses to grow.

AdviceBusiness DevelopmentNon Profit
GrantAug 17, 2023
Amount Raised: $14,000,000