Colliganlaw's support of the startup ecosystem is paying big dividends! Helping to found the Buffalo Angels, Launch New York, Startup Grind and other elements of the current resurgence gives us great satisfaction. The thriving vibe of local entrepreneurial companies has changed the local economy's look and feel as it transitions from a post industrial city to a hip, happening place. We will continue to work to the end that new enterprises who choose to call Buffalo home will get our full support.
Only this one isn't a horse with a horn on its head. It's a privately held startup company that has achieved a rare benchmark of being valued by investors at $1 billion or more. ACV, the online marketplace for used cars that started as one of the early 43North winners, said Tuesday that its latest round of investment funding valued the company at more than $1.5 billion – at least on paper. That's the first time it – or any local startup company – has surpassed the billion-dollar mark in valuation, though well-established Buffalo firms like Delaware North Companies and Rich Products Corp. are already worth far more.