The EV biz and Flyover country | New virtual testbed comes to St. Louis

Fueling the Future

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…

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$1B commitment for Iowa carbon capture project | Vestaron raises $82M

Fueling the Future

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,…

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Big win for Ohio | $5M to support Black businesses in Milwaukee | Realto raises $4.5M

Fueling the Future

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…

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$40M fund to invest in Northeast Ohio | Climate change co. raises $4.2M

Fueling the Future

$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…

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Lexmark invests in solar panel array in Lexington | TonDone closes on $1.5M

Fueling the Future

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…

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NCN commits to $70M fund | Pittsburgh has huge first quarter

Fueling the Future

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…

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German firm chooses Populous | Funding opportunities for AgriFoodTech | in2vate acquired

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…

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Triple Whale raises $27.7M | Wedge lands $2M | Purdue backs three startups

Fueling the Future

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…

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Flyover Cities draw startup funding | MN’s Dispatch raises $50M

Fueling the Future

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…

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Intel’s investment in Ohio | New VC firm in the Twin Cities

Fueling the Future

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…

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JumpStart Ventures | Branch lands $75M | $22M in manufacturing grants Iowa

Fueling the Future

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 —…

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Pittsburgh robotics co. lands $73M | $7.5M to build KC engineering center

Fueling the Future

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…

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$100M startup fund | NASA fund tech research

Fueling the Future

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…

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On-demand platform for recruiting raises $25M | T-Rex and geospatial tech

Fueling the Future

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…

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Agot AI raises $12M | Hiring platform closes on $8M funding round

Fueling the Future

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…

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Bank of America supports Invest Detroit Ventures | Arch Grants increase awards | Render challenge

Fueling the Future

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…

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Enable Injections raises $215M | Lumavate closes on $6M

Fueling the Future

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…

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