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

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

Published

9 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

19 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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Delaware

16-year-old boy killed in Wilmington, Del., shooting Monday night, officials say

Published

1 day ago

June 24, 2026

Press Room

16-year-old boy killed in Wilmington, Del., shooting Monday night, officials say

Wilmington Police are investigating the fatal shooting of a 16-year-old boy Tuesday night in Wilmington’s Hilltop neighborhood.

According to police, the shooting occurred at approximately 8:33 p.m. in the 1600 block of West 5th Street.

On their arrival at the scene, police say they located the 16-year-old with at least one gunshot wound and transported him to a local hospital, where he later died from his injuries.

This incident remains under investigation.

Police did not share whether there have been any arrests in connection with the shooting or a possible motive.

Wilmington Police encourage anyone with information about this incident, contact Detective Justin Wilkers at (302) 576-3634. Information can also be sent to Delaware Crime Stoppers at 1-800-TIP-3333, or Delawarecrimestoppers.com.

The Wilmington Police Department (WPD) Victim Service Unit and Youth Response Unit are available to provide information and support to victims, children, and families affected by this incident.

The Victim Service Unit can be reached at (302) 576-3622, and the Youth Response Unit can be reached at (302) 576-3183.

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