Fueling the Future

Drive Capital announced two new funds totaling $1 billion.

enture capital firm Atento Capital has launched an angel investing program called 412 Angels.

Ford creates EV jobs in Flyover country FLYOVER COUNTRY–Ford Motor Co. will create 6,200 new jobs and invest $3.7 billion in Michigan, Missouri and Ohio, primarily to support its plans to rapidly expand its production of battery-electric vehicles. Longer term, the company plans to create about 74,000 indirect jobs by 2026, primarily to support its…

Gridwise closes on $12.7M PITTSBURGH, PA–Gig economy business platform startup Gridwise has closed on a $12.7 million Series A round. The funding was led by Crosslink Capital with participation from Autotech Ventures, Switch Ventures and Massive VC, among others. Freight Science lands $4M ST. LOUIS, MO–Startup Freight Science, which developed a data science platform for…

Carbon solutions company gets $1B in total equity commitments AMES, IA–Summit Carbon Solutions has completed an equity fundraising campaign for its carbon capture and storage project. The campaign resulted in more than $1 billion in total equity commitments, according to the company. Summit is proposing a 2,000-mile pipeline to connect ethanol plants in Minnesota, Iowa,…

New battery component plant in Ohio to supply EV market SIDNEY, OH–Semcorp, a Shanghai-based producer of electric vehicle battery components, plans to invest $916 million in a manufacturing plant in Sidney, Ohio. The facility will make separator film for lithium-ion batteries, and will employ nearly 1,200 people. Northwestern Mutual creates funds to help Black businesses…

$40M fund to invest in Northeast Ohio AKRON, OH—Interstate Fusion Ventures plans to raise its second fund at $40M to pursue an investment strategy targeting Northeast Ohio. Led by fund manager Bill Manby, Interstate Fusion Ventures will invest in 40-50 portfolio companies, continuing to focus on Northeast Ohio, but with a greater inclusion of companies in Silicon…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Lexmark to invest $4M LEXINGTON, KY—Imaging and IoT tech company Lexmark International Inc. plans to invest $4 million to establish…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. NCN commits $70M NASHVILLE, TN—The Nashville Capital Network (NCN), a collection of more than 100 investors boasting ties to some…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Populous chosen for multi-use event arena in Germany KANSAS CITY, MO—Sports architecture firm Populous has been chosen as the architect…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Triple Whale lands $27.7M in an extended Series A COLUMBUS, OH—Triple Whale, the operating system for Shopify brands, has raised…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Big gain in VC funding in Flyover Country ST. LOUIS, MO–In 2011, Silicon Valley venture firms only invested $3 billion…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Intel’s investment in Ohio OHIO—As part of its $20 billion investment in Ohio, Intel will be providing $100 million to…

JumpStart introduces new funding venture CLEVELAND, OH—JumpStart Inc. is announcing a new division focused on the organization’s VC investment activity. JumpStart Ventures will provide Pre-seed, Seed, and Series A funding to early-stage technology startups throughout Ohio. JumpStart Ventures has $140M under management across four funds — Evergreen, NEXT, Focus, and the Healthcare Collaboration Fund —…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. Gecko Robotics closes on $73M funding round PITTSBURGH, PA—Gecko Robotics, which develops robotic platforms that perform industrial inspection, has closed…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. St. Louis VC firm launches $100M startup fund ST. LOUIS, MO—Venture capital firm Cultivation Capital has launched a new $100…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. NASHVILLE, TN—Founded in 2017, Phosphorus Cybersecurity pitches itself as providing a platform that eliminates the IoT security gap. The company…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. PITTSBURGH, PA—Agot AI has raised $12 million to develop and build computer vision tech for food services. Its product can…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. MICHIGAN—Invest Detroit Ventures (IDV) announced an investment from Bank of America to support IDV Fund IV, a newly established $20…

What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story. CINCINNATI, OH—Enable Injections, which develops drug delivery systems designed to administer high volumes of therapeutics, has raised a $215 million…