CAPCO Programs

SOMS Technologies has worked with Advantage Capital Partners for two years through the state’s CAPCO program:

The second quarter was a quiet one for venture capital finance in Westchester, with only several companies reported as tapping into $4.58 million in funding.

More than half of it, $2.65 million, was raised by a single company – SOMS Technologies L.L.C. of Valhalla, according to the quarterly MoneyTree Report released by PricewaterhouseCoopers and the National Venture Capital Association, using data from ThomsonReuters.

SOMS Technologies raised the $2.65 million in a Series A venture round co-led by Advantage Capital Partners and Rand Capital Corp., with several individual investors.

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EnviRelation was this year’s winner of the Business Plan Competition:

A $100,000 Prize and an inspiring keynote address headlined the 3rd Annual Small Business Awards today sponsored by the Washington, DC Economic Partnership (WDCEP).

Andrew Florance, Founder, Director, President & CEO of CoStar Group, Inc , the soon to be District-based real estate information leader, delivered the program’s stirring keynote address before an audience of 170 business and political leaders.  Florance spoke about the importance of this city as both a place to foster small business and leverage the federal nexus. Florance was introduced by Deputy Mayor Valerie Santos who praised his commitment to DC.

The presenting of the $100,000 Business Plan Competition Prize was the capstone of the morning program as EnviRelation, a local food waste recycling company, took the stage as this year’s winner.  In addition to being eligible for a $100,000 CAPCO investment, EnviRelation will receive $10,000 in pro-bono legal advice from Venable, LLP.  EnviRelation follows in the footsteps of the 2009 Business Plan Competition winner, Affinity Lab, who used the investment to open a second shared work space venture.

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