Malbek

• Malbek, a startup that offers an AI-based Contract Lifecycle Management (CLM) platform, held a grand opening event at its new headquarters in Princeton.
• The startup has had two rounds of funding, the first garnering $3 million in funding from Osage Venture Partners  (Philadelphia) in 2020.
• In September 2021 the company announced that it had raised $15.3 million in a Series A round, led by Noro-Moseley Partners (Atlanta) with participation from Osage Venture Partners and TDF Ventures (Chevy Chase, Md).
• Matt Patel, COO and co-founder of Malbek said, “Since our founding in 2017, we have focused on using cutting-edge technology to simplify contracts and the entire CLM user experience.”
• He added, “This new office provides a hybrid model for our team to enjoy a vibrant and collaborative workspace so we can continue to find new ways to delight current and future customers.”

Founders & Funders

• The New Jersey Economic Development Authority (NJEDA) event called “Founders & Funders,” which matches startups with potential investors is back in person after a two-year hiatus due the COVID pandemic.
• Founders & Funders is organized by the NJEDA to facilitate warm introductions between innovative emerging New Jersey companies and sophisticated angel and institutional investors.
• Apply to meet investors here.

UPitchNJ

• Six finalists competed for top honors at the seventh annual UPitchNJ, a statewide business model competition featuring students from entrepreneurship programs at New Jersey colleges and universities.
• The first-place winner ($2000) was PrendeHealth, from Princeton University, a women’s health initiative that focuses on preventing vaginal infections.
• Second place ($1500) went to Gum and Gums, from Montclair State University, for an innovative device that makes it easy to floss the spaces between all teeth simultaneously.
• CareCall, from Seton Hall University, won third place ($1000) and the audience choice award ($500).
• That nurse-run company pitched an app to replace call buttons at hospitals so that patients can directly contact the people who can help them.
• The Best Early-Stage Startup award ($1500) went to FuelUp from NJIT.
• FuelUp plans to develop mobile gas stations that will come to a person’s house to fuel their cars, thus saving them valuable time.
• The judges for the event were all from Nokia Bell Labs (Murray Hill).
   

Princeton High School is a National Samsung “Solve For Tomorrow” Winner

• A team from Princeton High School was one of three national winners of the Samsung Solve for Tomorrow contest this year.
• The students won $110,000 in prizes for their school.
• We’ve updated our previous story by Steve Sears with the news.

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