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Delaware oncology startup raises $70M, highest in region  

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Delaware oncology startup raises M, highest in region  


Money Moves is a column where we chart the raises, mergers and other funding news of tech companies across the region on the third Wednesday of the month. Have a tip? Email us at delaware@technical.ly.

Health and the environment are the big winners in this month’s roundup of deals, investments and grants in Delaware.

Hydrogen, in particular, is an area that is doing especially well lately. Aside from Delaware’s inclusion in the Mid-Atlantic Clean Hydrogen Hub and some recent groundbreaking industry news from Versogen, Delaware-based Gore just made an overseas deal that could be another step toward making cars powered by hydrogen fuel cell systems widely accessible.

Add in some news in fintech, manufacturing, higher ed and agriculture, and Delaware looks to be doing well in its niche areas.

Here’s the first Delaware Money Moves of 2024:

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Delaware precision medicine startup had the region’s biggest deal in Q4 2023

Synnovation Therapeutics, a precision oncology startup based at the Innovation Space at the Delaware Experimental Station, raised $69.9 million in December. That made it Greater Philadelphia’s largest venture capital deal of Q4 2023, according to the latest Venture Monitor report from PitchBook and the National Venture Capital Association.

Executive Director Hui Wang previously worked for Incyte, including as its associate director of small molecule therapy oncology programs. According to a recent report in BioWorld, the life sciences company and 2023 RealLIST Startups honoree has synthesized inhibitors called phosphatidylinositol 3-kinase α (PI3Kα) that may be used to treat cancer and other conditions.

Synnovation declined to comment at the moment about its plans for the funding.

Gore, Hyundai and Kia made a next-gen EV deal

A Hyundai Tucson FCEV fuel cell vehicle. (Flickr/DENNIS SCHROEDER/NREL)

Newark-based W.L. Gore and Associates closed a deal in Seoul, Korea with automakers Hyundai Motor Company and Kia Corporation. The three will collaborate on the development of advanced polymer electrolyte membrane (PEM) for hydrogen fuel cell systems for electric vehicles.  Financial figures were not disclosed.

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Gore has been developing advanced materials for the auto industry for decades, and has a history of collaboration with Hyundai and Kia.

“We look forward to advancing our long-standing partnership with Hyundai Motor and Kia,” said Michelle Augustine, leader of Gore’s Clean Energy Business Group, via press release. “Leveraging our advanced PEM technology solutions, we will work together with Hyundai Motor and Kia to enable them to deliver fuel cell vehicles that provide a performance and cost advantage to consumers.”

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Delaware taps Code Differently grads to advance thousands of stalled unemployment claims

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Delaware taps Code Differently grads to advance thousands of stalled unemployment claims

Thousands of Delawareans stuck in a backlog of unemployment claims are finally getting their checks, thanks in part to a group of recent Code Differently graduates. 

Mission Backlog, a program that puts recently-trained software engineers to work inside the state’s unemployment system, is a collaboration between the Delaware Department of Labor and the Wilmington-based tech workforce organization. It’s part of the DOL’s Modernization 2.0 strategy, which the department announced on September 30, 2025.

“You naturally feel a sense of urgency, because people are calling and saying, I need to pay my rent,” Delaware Secretary of Labor LaKresha Moultrie told Technical.ly. “Those benefits support everyday basic needs.”

“People are calling and saying, I need to pay my rent. Those benefits support everyday basic needs.” Del. Labor Secretary LaKresha Moultrie

How do people trained for software engineering fit? The logic behind the partnership, according to Code Differently cofounder and CEO Stephanie Eldridge, was about applying an engineering mindset to a complex system.

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“Some may look at it as people answering phones, but the way you’re able to drive this backlog down is with people using those logic and critical thinking skills to understand there’s a pattern,” Eldridge said. 

That approach mirrors how software engineers are trained to think, she said, even when the work itself isn’t technical in the traditional sense.

The idea for the collaboration goes back to a conversation Secretary Moultrie had with Eldridge earlier last year. 

“She has a lot of bright ideas,” Moultrie said of the CEO, whose organization trains people for careers in software engineering and related technical roles. “Organically, through conversation with Stephanie, we decided to take on a [Code Differently] cohort.”

The official Modernization 2.0 plan describes hiring 25 Code Differently graduates as part of the backlog reduction strategy. To move quickly, the department relied on casual and seasonal roles, a more flexible hiring pathway than the formal, bureaucracy-entwined merit process. 

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The lingering effects of the pandemic, a nationwide issue

Mission Backlog was launched to help clear a lingering backlog of unresolved unemployment insurance claims. 

Those claims are intended to function as a short-term safety net, helping workers cover essentials like rent, childcare and groceries after losing a job. When claims go unresolved, those delays can quickly turn into a crisis for households waiting on decisions.

The backlog in Delaware follows a national pattern. When COVID forced shutdowns, unemployment claims surged far beyond what most states’ staffing models and decades-old systems were designed to handle. Some states relied on emergency staffing, including National Guard deployments, to work through the massive backlogs. 

Federal oversight agencies later flagged unemployment insurance as a high-risk area, citing legacy technology, heavy manual processing and administrative strain that made it difficult for states to recover once claim volume eased.

Delaware Secretary of Labor LaKresha Moultrie (Courtesy of State of Delaware)

Various efforts to modernize state unemployment infrastructure are underway. For example, Kentucky’s state unemployment agency entered a six-year, $55.5 million contract to modernize its unemployment insurance system, expected to be fully functional by 2028. 

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When Moultrie stepped into her secretary of labor role in January 2025, the strain was still weighing on Delaware’s system.

“Coming in, we had about 7,000 outstanding claims,” she said. Since then, the department reports cutting that number by 40% by the end of 2025. In December, the state said it had reduced the backlog to fewer than 4,000, crediting workflow changes and staffing initiatives tied to Modernization 2.0.

Moultrie said the department is on track to be fully caught up by the end of the first quarter. State leaders are already looking beyond unemployment claims, exploring whether the same approach could be deployed inside other agencies.

Looking ahead, the challenge will be sustaining gains once the backlog is cleared. Delaware leaders have described the work as an early phase of a longer modernization effort, one that other agencies are now watching closely.

Ultimately, Eldridge said, the most meaningful part of Mission Backlog is who’s doing the work.

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“The people that are part of this, who come to us, are unemployed,” Eldridge said. “They have been in the place of people that they’re now trying to to help.”




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Wilmington community steps up to help animal shelter after heat stops working

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Wilmington community steps up to help animal shelter after heat stops working


A community in Wilmington, Delaware, stepped up and helped a local animal shelter after their building’s heat stopped working on Saturday, Jan. 31, 2026.

The Humane Animal Partners in Wilmington put out a message on Saturday seeking urgent help for the more than 20 dogs and puppies staying at its facility, writing in part, “Now more than ever, we are in desperate need of towels, blankets, comforters, and sheets to help keep our pups warm!”

The team told NBC10 that their dog adoption room went down to around 40 degrees and they were rotating dogs in and out of small areas with utility heaters. However, people in the community began answering their call for help within minutes and showed up with arms full of donations.

“It’s freezing outside, so why not assist people that need it, and animals that need it,” said Alexandra Pantanero, of Wilmington.

The shelter eventually had so much donations that they had piles up to the ceiling.

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“I would say thousands,” said Kristen Solge – Humane animal partnership. “We have sleeping bags, beddings, towels sheets, space heaters, treats, of course. I think our most interesting would be the fire place somebody donated. It’s been really overwhelming and great.”

Solge said the heat is expected to be fixed by Monday, but the help is something they will never forget.

“It’s incredible. Anytime our community can come together and support us we are extremely grateful,” Solge said. “It also restores our faith in humanity.”



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Get involved: Budget hearings, port updates, and a county apology?

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Get involved: Budget hearings, port updates, and a county apology?


Government works best when its citizens are knowledgeable and engaged. Delaware’s government has scores of commissions, working groups, agencies and legislative committees. All must hold meetings that are open to the public. Below we highlight a few of those meetings that are happening this week.



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