Published June 21, 2023

Buffalo startup Arbol raises $350K as part of pre-seed round to support growth

Buffalo InnoBuffalo News, and others reported that Buffalo-based startup Arbol has raised $250,000 in the first leg of a pre-seed investment round.

The round was led by the Western New York Impact Investment Fund, which invested $100,000. The University at Buffalo's Buffalo Innovation Seed Fund contributed $250,000, following a previous $100,000 investment through Arbol's participation in UB's Cultivator program.

As reported in Buffalo Inno, Arbol — a financial platform that helps colleges with retention of minority, first-generation college students through financial education, support, and incentives — is launching customers and scaling up. The pre-seed round will support the company's growth, including through product development, hiring new employees, and expanding to new customers and regions outside of Western New York.

Read the full story here.