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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 Life CEO offers strategies for combatting sequence of returns risk

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Delaware Life CEO offers strategies for combatting sequence of returns risk


Colin Lake, president and CEO of Delaware Life, sits down with InvestmentNews anchor Gregg Greenberg to explain how workers approaching retirement can counter sequence of returns risk through guaranteed income products.

  • Oct 29, 2025



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Save the embarrassment. These expungement clinics may help with clearing a Delaware record

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Save the embarrassment. These expungement clinics may help with clearing a Delaware record


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A criminal history, even one stemming from a juvenile arrest or a minor driving violation, can be a lifelong barrier to opportunity for many Delawareans. Whether or not a conviction occurred, a record can follow a person for years, showing up in background checks run by employers, landlords and loan officers.

An expungement offers a way to break that cycle. The legal process removes police and court records from public databases, allowing former defendants to move forward without being required to disclose past arrests or charges.

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To help people navigate that process, several Delaware lawmakers and state agencies are hosting free expungement clinics this fall, offering one-on-one legal counseling to help eligible residents clear their records and reclaim new opportunities.

3 events planned across Delaware

Before the year ends, Delaware residents will have three opportunities to attend an expungement clinic where free, individual legal counseling will be available.

The events are organized in collaboration with the Office of Defense Services, the Delaware Criminal Justice Information System, or DELJIS, and the Delaware Department of Labor’s Advancement through Pardons and Expungement APEX Program. The Office of the Marijuana Commissioner has joined as a new sponsor this year and is contributing up to $5,000 to help cover expungement-related fees.

The sessions are open to individuals with Delaware criminal records. Services are offered on a first-come, first-served basis, and advance registration is required.

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Where and how to attend

The Middletown Expungement Clinic will be held from 2 to 5 p.m. Oct. 29 at the Whitehall Recreational Center in Sen. Nicole Poore’s district. Registration is available at bit.ly/48gnKto.

The Smyrna Expungement Clinic will take place from 2 to 5 p.m. Nov. 6 at the Duck Creek Regional Library in Sen. Kyra Hoffner’s district. Registration is available at bit.ly/3KaHOn3.

In Sussex County, the Office of Defense Services will host the Life Church Expungement Clinic from 11 a.m. to 2 p.m. Nov. 18 at The Life Church in Laurel. Registration is available at forms.gle/bACj1h1xouk452oz8. For more information, contact Maria Clark at the Office of Defense Services at 302-688-4560.

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Organizers say the goal of these clinics is to help Delaware residents overcome the lasting effects of old criminal records and move toward greater economic and personal stability. They said, by removing barriers to employment and housing, expungements can help people reenter the workforce, support their families and participate fully in their communities.

To share your community news and activities with our audience, join Delaware Voices Uplifted on Facebook. Nonprofits, community groups and service providers are welcome to submit their information to be added to our Community Resources Map. Contact staff reporter Anitra Johnson at ajohnson@delawareonline.com.



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Would adding nuclear power solve Delaware’s energy needs?

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Would adding nuclear power solve Delaware’s energy needs?


Nuclear energy is seeing something of a renaissance, helped in part by executive orders from President Donald Trump boosting the industry. The four orders include rapid development and deployment of advanced nuclear technologies, reconsidering radiation exposure standards, eliminating or expediting environmental reviews of applications and funding for workforce-related opportunities. Big tech companies are also betting big on nuclear energy to fuel power-hungry data centers.

Investment firm Starwood Digital Ventures is currently pitching a massive data center for Delaware City. Critics are concerned it will drain large amounts of energy and water.

Kathryn Lienhard, an offshore wind energy research associate with Delaware Sea Grant, said nuclear power generates electricity through chain reactions that produce heat. That heat is used to make steam that spins a turbine to create the electricity. Reactors use uranium, which is radioactive, for nuclear fuel, and exposure can cause lung cancer and other diseases. Spent reactor fuel is a highly radioactive byproduct that is normally stored on site, but Lienhard said the U.S. has yet to develop a long-term storage solution for the waste.

Public anxiety about the harmful health effects of nuclear power plants grew after the worst commercial reactor accident in U.S. history at the Three Mile Island plant in 1979. The partial core meltdown at the plant near Middletown, Pennsylvania, forced the evacuation of thousands of nearby residents. Numerous studies since then found no direct negative health effects on the nearby population. Microsoft is reopening the plant to power its data centers.

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Dover Air Force Base in Delaware (Google Maps)

Union boilermaker Martin Willis, another task force member, said members should look at deploying a small nuclear reactor at the Dover Air Force Base. He also said the public is still resistant to adopting nuclear energy.

“I hate to say it, but even with America being in an electric generation crisis because of the demands of AI data centers, Bitcoin mining, cannabis farming and a robust economy, our nation will not embrace civilian nuclear power until parts of America suffer widespread blackouts and rolling brownouts,” he said.

The task force’s next meeting is Dec. 1. The group’s chair, state Sen. Stephanie Hansen, said the group will deliver a final report, but that date is yet to be determined.



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