10 new startups receive funding from Arch Grants

Arch Grants has awarded 10 new $50,000 non-equity grants to startups from across the world, including seven based in the St. Louis-area.

The organization will make a formal announcement tonight at its annual gala.

The 10 startups are:

• Accelerate Wind (Netherlands)
• Exit 7C (Milwaukee)
• Ilerasoft (Houston)
• OfCourse Schedudling (St. Louis)
• Magnatone (St. Louis)
• nanoMetallix (St. Louis)
• Pro-Arc Diagnostic (St. Louis)
• Riley’s Organics (St. Louis)
• SafeTrek (St. Louis)
• SensrTrx (St. Louis)

Arch Grants, led by Executive Director Ginger Imster, has now doled out non-dilutive grants totaling more than $5 million to 96 startups. Those companies have gone on to generate nearly $50 million in revenue, create more than 300 jobs and raise more than $100 million from investors in follow-on capital.

Read more: St. Louis Business Journal

 

Update: Nov. 4 at 1 p.m.

This story was updated to include the names of the 10 startups selected as part of the new Arch Grants cohort. 

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