Malbek Opens Princeton Office; Founders & Funders Is Back; UPitchNJ And More

May 3, 2022 Esther Surden Off Uncategorized,

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.”

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.

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).

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.

Esther is the Founder and Editor in Chief of NJ Tech Weekly