Q2 2025 Investment Report
Investment in the Southern Tier will be distributed on a quarterly basis to highlight the significant startup investment activity in the Southern Tier. Note: while some information is made publicly available in real time, certain fundraising activities may be reported later, leading to potential fluctuations beyond the reporting timeframe. $20,000 is the threshold for determining which funding events to include.
Grants
- Indian Milk & Honey, headquartered in Freeville, received a $150,000 grant from The Northeast Dairy Business Innovation Center in June 2025. Read more about Indian Milk & Honey’s grant.
- LiBAMA Power, headquartered in Binghamton, received a $25,000 grant from ChargeUp Accelerator in April 2025. Read more about LiBAMA’s grant.
- LiBAMA Power, headquartered in Binghamton, received a $100,000 grant from U.S. National Science Foundation in April 2025. Read more about LiBAMA’s grant.
Total: $275,000
Investments
- Carbon Upcycling, headquartered in Ithaca, raised $18,000,000 of funding in a deal led by Builders Vision in May 2025. Read more about Carbon Upcycling’s funding here.
- *Clearleaf, headquartered in San Jose, raised $3,500,000 of funding in a deal led by Hawthorne Food Ventures in May 2025. Read more about Clearleaf’s funding here.
- *Hempitecture, headquartered in Jerome, ID, raised $6,175,175 of equity crowdfunding via WeFunder in May 2025. Read more about Hempitecture’s funding here.
- Simplifed, headquartered in Ithaca, completed a final close of $10,830,000 of funding in a deal led by Morningside Group and The Venture Collective in May 2025. Read more about Simplifed’s funding here.
Total: $38,505,175
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)
- Ultinat, headquartered in Ithaca, was awarded a Phase I STTR grant totaling $305,000 through the U.S. National Science Foundation in January 2025. Read more about Ultinat’s grant here.
Total: $305,000
*Note: Companies marked with an asterisk (*) may not be headquartered in the region, but they operate in and contribute to job creation in the Southern Tier.
Investment in the Southern Tier will be distributed on a quarterly basis to highlight the significant startup investment activity in the Southern Tier. Note: while some information is made publicly available in real time, certain fundraising activities may be reported later, leading to potential fluctuations beyond the reporting timeframe. $20,000 is the threshold for determining which funding events to include.