Launch New York, a venture funding and development program that aims to promote startup activity in upstate New York, has invested $110,000 in three Buffalo companies.
- 3AM Innovations received a $25,000 investment. Its patented Flare technology allows emergency workers to track firefighters inside a burning building through the use of sensors worn by personnel. Z80 labs has made a co-investment, bringing the total to $125,000 investment in the Buffalo-based company. It will be used to integrate 3AM's hardware and optimize its user interface designs, the company said. It will be testing its beta product with the New York Fire Department.
- RepHike, a Buffalo-based software company, received $50,000. It provides a platform to connect products with their genuine fans so they may be rewarded for acting as brand ambassadors, organizing grassroots support and more influential marketing across college campuses. StartFast Venture Accelerator made a co-investment, bringing the total to $145,000.
- SimpleFund has received $35,000. The Buffalo-based company is a mobile fundraising tech platform that allows nonprofits to raise money using their smartphones.
Launch New York provides capital and mentoring to startups with high growth potential in the 27 westernmost counties of New York State. It has invested $925,000 in more than 20 companies since 2016. Of those companies, 10 have raised $3.1 million in additional funding.
Launch New York is a U.S. Treasury-designated Community Development Financial Institution. Its nonprofit Launch NY Seed Fund is funded by grants and donations.