ACV AUCTIONS GOES PUBLIC!

Startup Accelerator, 43North, Nets First IPO

Seven years ago, 43North was an idea born of a brainstorm about driving economic development in Buffalo, NY. It was that idea that evolved into the startup competition that would later deliver a $1 million investment to a car salesman and his co-founders. The rest is, as they say, history.

Today on March 24, 2021, that car guy and his talented team saw their startup become a publicly traded company. There’s not an adjective descriptive enough to convey our pride and excitement, so we’ll leave it to your imagination as we reflect on and celebrate Joe Neiman, Dan Magnuszewski, George Chamoun and the entire ACV team. CONGRATULATIONS ON YOUR IPO. LET’S GO BUFFALO!

A UNICORN ON THE RISE TO IPO

To properly celebrate this massive, transformative milestone achieved by ACV Auctions–one of 43North’s and Buffalo’s own–we’ve gathered some of Buffalo’s biggest ecosystem contributors to reflect on ACV’s rise and celebrate this major milestone.

A STARTUP ACCELERATOR IN A REGION PRIMED FOR GROWTH

From our vantage point, there’s never been a better time to grow a business in Buffalo. We have a region filled with amenities and talent. We have mentors, we have connections, and we’re immensely proud of the progress of Buffalo’s startup ecosystem including the traction of the 43North portfolio, which all reinforces the fact that you can build a successful company in Buffalo.

43North’s 51 portfolio companies hold a valuation of over $2 billion. Our companies have collectively raised over $650 million in venture capital, created over 800 jobs locally and nearly a couple thousand globally. We have 18 companies on our floor at Seneca One Tower and another nine spread out in real estate such as offices and manufacturing facilities throughout the city. The best part? We’re just getting started!

43NORTH STARTUP COMPETITION RETURNS THIS SUMMER

Our startup competition, one of the world’s largest, makes its return later this year. With a total of $5 million to give and a top investment awarded at $1 million, we’re looking for the next great companies to nurture and incubate in our region. If you’re looking to be a part of a vibrant startup ecosystem and gain the backing of fellow entrepreneurs, corporations and a whole city, look no further than 43North. Click below to stay connected and informed about competition timing and to learn more about our entire portfolio.