The Tech Garden
  • About
    • TTG Staff
    • News
    • Events
  • Programs
  • Resources
    • Innovation Partners
    • Mentors and EIRs
    • Podcast
  • Membership
  • Contact Us
  • New Page

News

How Two CBA Grads Founded Hot Syracuse Startup That Just Landed a $104M Investment

2/8/2023

 
Picture
Syracuse, N.Y. -- A fast-growing Syracuse company that helps car dealers all over the world turn online shoppers into buyers has secured one of the largest single equity investments ever received by a local startup.

Impel, whose digital engagement software is used by 4,000 auto dealerships in 53 countries, last month received a $104 million investment led by Silversmith Capital Partners, a Boston-based growth equity firm, with participation from existing investor Wavecrest Growth Partners.

Impel said it will use the funding to rev up its growth even more through product expansion, and mergers and acquisitions.

“This investment will significantly strengthen our ability to introduce new products and innovations that generate meaningful business impact for manufacturers and dealers alike, while enhancing the customer experience at every touchpoint,” said Devin Daly, Impel co-founder and CEO.
​

Impel got its start at CenterState CEO's business incubator, The Tech Garden, in downtown Syracuse. 
The $104 million investment is not the largest single funding series received by a Syracuse startup in recent years, but it’s close.

Read more from syracuse.com, here.

    Picture

    Archives

    February 2023
    December 2022
    November 2022
    October 2022
    September 2022
    July 2022
    June 2022
    March 2022
    February 2022
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    May 2020
    April 2020
    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    June 2019
    March 2019
    February 2019
    December 2018
    November 2018
    October 2018
    July 2018
    June 2018
    April 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    September 2016

THE TECH GARDEN​
​235 Harrison St
Syracuse, NY 13202
Phone: 315-470-1959​
​About
​Programs
​​Resources
Membership
Contact Us
News
Member Portal
Picture
The mission of CenterState CEO’s Tech Garden is to stimulate high-tech entrepreneurship, foster the development of emerging growth companies, and support technology commercialization throughout the region. 
© COPYRIGHT 2023.  ALL RIGHTS RESERVED.
  • About
    • TTG Staff
    • News
    • Events
  • Programs
  • Resources
    • Innovation Partners
    • Mentors and EIRs
    • Podcast
  • Membership
  • Contact Us
  • New Page