Excell has raised $2.5m from Innovate NY and backs high-tech companies that often evolve from research at the state's University of Rochester.

US state-funded Empire State Development Corporation has committed $25m through its Innovate NY program to a variety of venture capital funds, including non-profit Excell Partners.

Excell has raised $2.5m from Innovate NY and backs high-tech companies that often evolve from research at the state’s University of Rochester.