The Business Review: Angel network makes first investments of
more than $2M fund
Published:
Tuesday, March 24, 2015 - 09:52
A healthcare startup out of SUNY Polytechnic Institute has landed a $250,000 investment from the Eastern New York Angels (ENYA).
Glauconix, co-founded by Ph.D student Karen Torrenjon, develops a more effective drug screening to prevent glaucoma. It is the first new investment of the member-managed fund's second round, said ENYA co-manager Joe Richardson.
ENYA invests and mentors early-stage technology companies within 75 miles of the Albany area. The group, managed by Richardson and Dick Frederick, invests anywhere from $50,000 to $250,000 per company. For its first fund, the network raised $1 million and invested in seven companies.
Richardson said Glauconix first went on their radar last year when the startup won $100,000 in the New York State Business Plan Competition.
Published: Mar 23, 2015, 2:41pm EDT | Chelsea Diana
