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Author: EQSTL

St Louis Bioscience Startup Acquired at $100 Million Valuation

Estimated reading time: 1 minute(s) Locally-grown company elevated, accelerated and incubated by BioGenerator, the investment arm of BioSTL, will be acquired by an east coast biopharmaceutical company. The acquisition marks one of the most significant startup exits by a St. Louis bioscience company. What’s more, the new owner will retain 40 local scientists, and plans to create more jobs and build out a new state-of-the-art lab in St. Louis in 2018. Terms Disclosed The financial terms of the deal provide for the St. Louis company to receive $20 million upfront, split equally as cash and stock and subject to...

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How Confluence Acquisition Will Work For Aclaris In St. Louis

Estimated reading time: 3 minute(s) Yesterday, BioGenerator’s first co-working lab tenant, Confluence Life Sciences, got acquired by Aclaris Therapeutics, Inc at a valuation of $100MM. On the acquisition, Confluence’s lead founder, Joe Monahan said in a press release, “We are thrilled to achieve this significant milestone… We built a team of proven drug hunters, successfully advanced multiple product candidates to the stage where they are appropriate to partner, and leveraged our profitable service business unit to achieve a financial exit.” I got a chance to sit down with lead founder, Joe Monahan, and Evan Dick, Senior Vice President, Discovery...

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100 Makers to Showcase Creations to Celebrate First Year of TechShop

Estimated reading time: 3 minute(s) TechShop is celebrating their first anniversary since opening a maker space in St Louis. One hundred local ‘makers’ will showcase their creations from the Summer of Making program on Saturday, August 26th, from 4pm-8pm. Square Roots The very first co-working meets maker space concept in Menlo Park, California, happens to be where the prototype for Square was first built. It seems like the payments company founder, Jim McKelvey decided to bring TechShop with him, on returning to the midwest. The St. Louis branch of TechShop opened less than a year after Square announced that...

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Kickstarter Campaign to Re-Think Children’s Stories (And Kids’ Screentime)

Estimated reading time: 3 minute(s) Hugmonster Sound founder, Adam Frick, is launching a Kickstarter campaign to produce a podcast for children’s stories, called Fablist. Essentially produced as audio books, but delivered for free to parents and children via podcasting, Fablist will tell old fables from all around the world, re-invented for a modern setting. Campaign Launch Event Frick and his sound design team are looking to raise $12,500 to develop the very first episode, called Pear Blossom, which is the Korean version of the classic Cinderella story. To kick start the Kickstarter campaign, a fundraising event is being held...

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