$250 Million in Private Funding Raised to Renovate the Gateway Arch


Here’s a recap of STL startup news this week.

Iconic Investments

The CityArchRiver Foundation has met its campaign goal to raise $250 million in private funding to renovate the Gateway Arch. Of that money, $221 million will be put towards construction costs for the $380 million project, and the remaining $29 million will help maintain and operate the park, according to a statement by the foundation. The Arch grounds renovation also received $90 million in public money, funded through revenue from Proposition P, a ballot measure approved by St. Louis City and County voters in 2013.

Local Boy Does Good, Tells How

Sam Altman, St. Louis native and president of Y Combinator, one of the world’s most prestigious startup accelerators, will give a lecture at Washington University on Feb. 11 about “what it’s really like to start a startup.” Altman will be joined by Wash U alum Dave Messina, chief operating officer of Cofactor Genomics.

Awards

Pipeline, a Kansas City business development program, named St. Louis entrepreneur Tom Hillman the recipient of its Entrepreneurial Leadership Award. Hillman is a former executive of Answers Corp and currently the managing partner of FTL Capital Partners and managing director of Lewis and Clark Ventures.


Growth

Skejul, a St. Louis startup that developed a meeting scheduling tool, will soon be used to make arranging home-service healthcare appointments easier and more time-efficient. New Hampshire-based forms processing and automation company ChartaCloud announced this week that it would implement Skejul into its healthcare and business field service sectors.

Investments

St. Louis AgTech accelerator, Yield Lab, announced seven startups that were accepted into its second round of portfolio companies. The cohort includes two St. Louis-based companies, Nanoguard Technologies and APSE.

The other five are: Agribody Technologies (San Diego, Calif.) AgVoice (Atlanta, Ga.), BayoTech (Denver, Colo.), Cryoocyt (Boston, Mass.) and Till (Los Gatos, Calif.) The companies receive up to $100,000 in funding in exchange for equity, along with specialized curriculum and one-on-one mentorship from the 9-month program.


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Brian Heffernan is St. Louis-based freelance journalist who has been published by Al Jazeera America, Riverfront Times and St. Louis Magazine. He also runs product and communications for Joojoo, a St. Louis startup that helps friends share recommendations about where to go, what to do and whom to hire. Brian earned both a master's and bachelor's degree from the University of Missouri School of Journalism and loves corndogs.

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