• $1 Billion in Venture Capital in Three Years

    May 13, 2016

    Recent investment in St. Louis metro area startups has been at near record levels.  Between 2013 and 2015, companies in the St. Louis, MO-IL metro area raised over $1 billion in venture capital investments.  In 2013, 75 companies raised $320 million in venture capital, more than triple the previous year’s total.  In 2014, another $280 million was invested in 60 St. Louis companies.  The pace of venture capital investment in 2015 continued at a high level.  Another $380 million was invested in 120 startups in 135 separate investments.  Much of this investment was in new firms in information technology, financial services, and biosciences.

    The St. Louis region is home to over ten local angel and venture capital investors.  Combined with increasing investments from national venture capital funds there are diverse opportunities for area startups to secure capital investment.  InvestMidwest is a venture capital conference that is held biennially in St. Louis and has raised over $1 billion in investment for participants over the last 17 years.

    The combination of ample venture capital, angel investors, public funds, and entrepreneurial competitions has made Greater St. Louis into a strong location to launch a startup, or for startups from elsewhere to expand into the Midwest and U.S. markets. 

    These assets and the growth in venture capital investments continue to receive national attention.  Popular Mechanics named St. Louis number one out of the “14 Best Startup Cities in America” in 2015 citing community support for our growing entrepreneurial ecosystem. 

  • St. Louis Press Pass

    May 13, 2016
    Spire to launch offering of 1.9 million shares
    (St. Louis Business Journal, 5/12/16)
    Spire Inc., the company formerly known as The Laclede Group, announced Wednesday it plans to offer 1.85 million shares of its common stock to help fund recent acquisitions. >> CLICK FOR MORE
    Conventions spur economic development
    (St. Louis Post-Dispatch, 5/6/16)
    As stakeholders and supporters of the St. Louis hospitality industry, we are writing to answer the question posed in the story that appeared in the Post-Dispatch on May 1: Are conventions worth it? Our answer is a resounding and unequivocal “Yes.” >> CLICK FOR MORE
     
    Local business owners and organization say that conventions, like the First Robotics Competition at the Edward Jones Dome (pictured), make St. Louis a competitive national contender.
    RiverVest among nation’s top-performing venture funds: Report
    (St. Louis Business Journal, 5/10/16)
    RiverVest Venture Partners’ RiverVest Venture Fund II was listed among the best performing sub-$250 million funds in the nation when ranked by money returned to investors. >> CLICK FOR MORE
    Through Apprenticeships, LaunchCode Holds the Keys to Filling STEM Jobs
    (U.S. News, 5/10/16)
    When President Barack Obama announced $100 million in Labor Department grants to train tech workers last March, he named St. Louis nonprofit LaunchCode as a model. >> CLICK FOR MORE
    Videoconferencing startup Geniecast plans for major growth in St. Louis
    (St. Louis Post-Dispatch, 5/10/16)
    Geniecast, a startup in two-way business videoconferencing events, is on a growth curve at the historic 555 Washington Avenue building in downtown St. Louis. >> CLICK FOR MORE
    Blockchain Startup Fluent Raises $1.65 Mln In Series Seed Funding
    (EconoTimes, 5/11/16)
    Fluent has announced that it has raised $1.65 million in a series seed funding round led by ff Venture Capital and joined by Digital Currency Group, Crosscut Ventures, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund, and the St. Louis Arch Angels. >> CLICK FOR MORE
    Memorial, BJC file application to build medical office building in Shiloh
    (Belleville News-Democrat, 5/9/16)
    Less than a month after Memorial Hospital East opened, the next phase of growth at the hospital is already in the works. >> CLICK FOR MORE
     
    Memorial Hospital East in Shiloh opened to patients on April 12. If approved, construction of the proposed office building would begin later this year with completion slated for 2017.
    Missouri will soon be able to review, evaluate health insurance premiums
    (St. Louis Post-Dispatch, 5/11/16)
    Missouri may soon have the authority to review the prices of some health insurance plans before they’re sold to consumers in the state. >> CLICK FOR MORE
    Yield Lab startup set to close $2 million seed round
    (St. Louis Business Journal, 5/11/16)
    Till Mobile, an agtech startup brought to St. Louis by The Yield Lab accelerator earlier this year, expects to close on a $2 million seed round next month. >> CLICK FOR MORE
    LMI Aerospace Expands Machining Complex In Washington, Missouri
    (Area Development News, 5/11/16)
    A leader provider of aerostructures, systems and components to the commercial, business and regional and military aerospace markets, LMI Aerospace plans to expand its machining operation in the city of Washington, Missouri. The company is expected to create 60 new jobs over the next three years. >> CLICK FOR MORE
    East Alton airport honored by IDOT
    (Belleville News-Democrat, 5/10/16)
    The St. Louis Regional Airport in East Alton has been named the Reliever Airport of the Year by the Illinois Department of Transportation, the agency said Tuesday. >> CLICK FOR MORE
    Why do — or don't — college students stay in St. Louis after graduating?
    (St. Louis Public Radio, 5/9/16)
    Every year, thousands of students graduate from colleges and universities in the St. Louis region. So why are so many looking to take their talent elsewhere? >> CLICK FOR MORE
     
    As commencement season approaches, university students look at the pros and cons of living or leaving St. Louis.
    McKendree University announces $40 million capital campaign
    (Belleville News-Democrat, 5/9/16)
    McKendree University announced Monday a $40 million capital campaign to support the renovation of Voigt Science Hall and Holman Library. >> CLICK FOR MORE
    UMSL recognized for cybersecurity program
    (St. Louis Post-Dispatch, 5/6/16)
    The U.S. Department of Homeland Security and the National Security Agency have designated the University of Missouri-St. Louis a Center of Academic Excellence in Cyber Defense Education. >> CLICK FOR MORE
    Emerson grants $1M to STL Community College Foundation to fund STEM programs for North County high schoolers
    (The St. Louis American, 5/9/16)
    The St. Louis Community College Foundation has received $1 million from Emerson to establish the Emerson STEM (Science Technology Engineering Math) Academy at the college’s Florissant Valley campus. >> CLICK FOR MORE
    Imagine a Better St. Louis: Civic Progress pledges to help revitalize north St. Louis County
    (KMOV, 5/10/16)
    Civic Progress St. Louis is an organization looking to invest in the people searching for change in the north St. Louis area. The organization donated over $600,000 to other organizations trying to revitalize north St. Louis County Monday. These are just the first of many donations Civic Progress pledges to make. >> CLICK FOR MORE
    Gills plan to buy Chemical Building
    (St. Louis Business Journal, 5/10/16)
    Amrit and Amy Gill, of local development company Restoration St. Louis, say they have the Chemical Building under contract. >> CLICK FOR MORE
    1.2M SF Railway Exchange Under Contract, Mixed-Use Redevelopment Planned
    (nextSTL, 5/11/16)
    According to multiple nextSTL sources, Hudson Holdings, a property development and real estate management group in Delay Beach, FL, has the vacant 1.2M sf Railway Exchange building in downtown St. Louis under contract. The historic building occupies an entire city block bordered by 6th, 7th, Locust, and Olive Streets.. >> CLICK FOR MORE
    MoDOT's proposed spending plan includes big projects on Interstate 270
    (St. Louis Post-Dispatch, 5/11/16)
    A proposed Missouri Department of Transportation spending plan spanning the next five years calls for $3.97 billion in construction work, the bulk of which will be used for maintenance. >> CLICK FOR MORE
    New Police Chief Seeks to Overturn Ferguson’s Legacy of Turmoil
    (The New York Times, 5/8/16)
    The longtime spokesman of the Miami Police Department, Maj. Delrish Moss, retired last week to become chief of the troubled Police Department in Ferguson, Mo. Mr. Moss, 51, will take over on Monday, not quite two years after a Ferguson officer killed an unarmed teenager, an episode that set off protests nationwide. In a recent interview, Mr. Moss spoke about the challenges he will face in Ferguson, police-community relations and how a run-in with the police as a teenager led him to get a badge of his own. >> CLICK FOR MORE
     
    Maj. Delrish Moss says past mistreatment by police officers inspired him to become a better service provider for the Ferguson community.
    St. Louis adds National Blues Museum to the list of things to see in the Gateway City
    (New York Daily News, 5/9/16)
    St. Louis has got the blues — and now a home for it. The National Blues Museum recently opened in the Gateway to the West — a $14-million downtown destination that supporters hope will connect new generations to the American-made sound at the root of so many forms of music. >> CLICK FOR MORE
    Millions to Ensure a Regional Museum Can Attract Top-Notch Leadership 
    (Inside Philanthropy, 5/9/16)
    It's a good time to be a museum situated between the two coasts. >> CLICK FOR MORE
    Creating the world's new chess capital
    (BBC News Magazine, 5/12/16)
    Chess is a global game, enjoyed by millions around the world. For much of the 20th Century the nucleus of chess was the former Soviet Union and Eastern Europe. But now a new chess capital of the world is emerging - the American Midwest city of St Louis. >> CLICK FOR MORE