WNY Impact Investment Fund backing helps CaHILL Tech reach next generation of workers

BUFFALO, N.Y. – Women-led startups only received 2.1% of all venture capital investment in the U.S. last year, according to Pitchbook. The Western New York Impact Investment Fund believes Buffalo can be a place that flips that discouraging statistic on its head.

The WNY Impact Investment Fund is pleased to announce a $250,000 investment into CAHill TECH, a women-led locally based startup founded by CEO Carley Hill. With extensive experience in the family construction business, Hill developed the award winning aQuiRe™ app; a multi-faceted software tool that engages both employers and front-line workers alike.

“CAHill is focused on solving real problems in the marketplace,” said Tom Quinn, CEO of the Western New York Impact Investment Fund. “The company perfectly aligns with our mission of driving profits with purpose by supporting high-growth startups that are poised to have a significant social impact on the Buffalo community.”

The WNY Impact Investment Fund, backed by corporate, private, and philanthropic investors, debuted the concept of impact investment in Buffalo five years ago when it launched an $8.15 million fund.

After successfully deploying that initial money in the community, a second Series was launched earlier this year with $11.55 million in new funding from a diverse group of new and returning investors.

In CAHill TECH, the WNY Impact Investment Fund is backing a startup with extraordinary promise going forward. CAHill is finishing three months in the Techstars Iowa Accelerator and plans to use the investment, along with funding that includes Launch NY, to build its internal capacity for accelerating social impact.

The innovation of the aQuiRe™ app will help employers with recruiting, training, job placements, reducing job site risks and ensuring transfer of knowledge to avoid project delays.

“We’ve built a streamlined and efficient solution to a big problem that affects companies across Western New York and the world,” Hill said. “The construction industry is only benefitting from 1.25% of women in the workforce. We want to be an example of what’s possible when determined women take on male-dominated fields like tech and construction.”