Delaware

Delaware oncology startup raises $70M, highest in region

Published

2 years ago

January 17, 2024

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:

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.

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.”

More Money Moves

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Gore / Wilmington University

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Delaware

Thousands moving to Delaware County fuels need for more housing

Published

2 hours ago

June 25, 2026

Press Room

Thousands moving to Delaware County fuels need for more housing

DELAWARE COUNTY, Ohio — People in Delaware County said it feels like new housing developments are popping up on every corner.

WSYX

“What haven’t you noticed, right? The whole area just exploded,” said Scott Shonebarger.

Scott Sanders, the executive director of the Regional Planning Commission, said companies like Intel and other industries are a main driver for thousands of people moving to Delaware County.

With the big boom comes an urgent need for more housing.

John Wicks is the developer at Real Property Design and Development.

He has spent over a decade building homes for families in Delaware County.

Wicks said the Olentangy School District is one of the hottest spots for new homes.

“I started with one high school up until the 90s, then now we’re up to four up to five different high schools so it’s just a big draw,” said Wicks. “It’s a beautiful community.”

The district has grown into the fourth largest in Ohio with a new elementary school opening next year, and a fifth high school in 2028.

Wicks said the growth has presented some challenges over the years like labor shortage and some opposition.

“It’s become a big issue for a lot of people that live in and around these areas. They tend to oppose new growth and new development, so restrictions have gotten a little bit harder. Costs have obviously gone up over the last 20 years,” said Wicks.

The planning commission says between 275,000 and 350,000 people could call Delaware County home by 2040.

That’s up from 214,000 in 2020.

Scott Shonebarger said he supports growth but wonders when is enough.

“I mean to a certain extent I think you know at some point right you have to have some sort of boundaries I think, getting into the fact that now you have five high schools,” said Shonebarger. “What’s the limit?”

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Delaware

Officer shoots, kills 19-year-old in Wilmington, Delaware, during foot chase, police say

Published

12 hours ago

June 25, 2026

Press Room

Officer shoots, kills 19-year-old in Wilmington, Delaware, during foot chase, police say

Updated on: June 25, 2026 / 6:25 AM EDT
/ CBS Philadelphia

Police in Wilmington, Delaware, shot and killed a 19-year-old man Wednesday night.

The incident happened in a residential area near 24th and Jessup streets just after 11 p.m., Wilmington police said in a news release. The person who was shot has not been publicly identified.

Officers were monitoring a large crowd gathered outside when they saw a man exit a home with a handgun and point it toward the crowd, police say.

When officers approached the man, he ran away and a foot pursuit began, police say.

At some point in the chase, an officer fired their weapon and hit the 19-year-old. The man was taken to a local hospital, where he later died.

Police say they recovered a loaded gun from the man and that the officer was not injured.

Video filmed at the scene shows a crowd of residents gathered outside after the shooting.

Police are asking anyone with more information to come forward. The shooting is under investigation by the Delaware Department of Justice and Wilmington police.

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Delaware

Delaware Justice Departing to Head Up New University Law Center

Published

22 hours ago

June 24, 2026

Press Room

Delaware Justice Departing to Head Up New University Law Center

Delaware Supreme Court Justice Karen L. Valihura announced Wednesday that she will lead a new corporate law institute at the Wilmington University Farnan School of Law.

She will step down from the bench of Delaware’s highest court in late July, after choosing not to seek reappointment at the end of her 12-year term. She revealed her plans for the next phase of her legal career in a special session of the court in Wilmington.

As well as joining the Wilmington University law school faculty, Valihura will be the founding director of the school’s new Corporate Law, Governance and Practice Institute. …

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