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

Startup Funding

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…

Read More

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…

Read More

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

Startup Funding

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…

Read More

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…

Read More

$3.9B renewable energy project in Iowa | GM invests $6.5B in Michigan

Startup Funding

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. DES MOINES, IOWA—MidAmerican Energy proposes a $3.9 billion renewable energy project in Iowa that will explore wind and solar generation…

Read More

Jumpstart Nova’s $55M fund | Quartix secures $20M | MN startup investments top $1B

Puddle Hops

CHARLOTTE, NC—Fintech company Quartix has secured a $20 million funding facility from two Fintech credit funds with a potential to increase the credit facility. Quartix connects middle-market buyers, their vendors, and institutional investors, allowing buyers and vendors to pay or collect invoices whenever they want, regardless of payment terms. NASHVILLE, TN—Along with limited partners, Jumpstart…

Read More

CryptoSlam lands $9M capital raise | A win for Cleveland | $128M fund for SaaS

Startup Funding

KANSAS CITY, KS—Overland Park-based CryptoSlam, a provider of data and transparency for the NFT industry, has landed a $9 million capital raise, led by Animoca Brands. billionaire Mark Cuban, LinkedIn founder Reid Hoffman, the co-founders of Rotten Tomatoes and regional venture capital firm KCRise Fund. The $9 million is expected to go toward hiring, expanding…

Read More

Docket raises $3M | Refinery Ventures closes second fund

Fueling the Future

CINCINNATI, OH—Refinery Ventures announced the close of its second fund with $36 million, more than two times its first fund. The fund was backed by Cintrifuse, Great American Insurance, Western & Southern Insurance, and The Cleveland Foundation. INDIANAPOLIS, IN—Meeting management software platform Docket has completed a $3 million financing round with support from the IU…

Read More

Milwaukee startups VC coup | Educating the next generation of energy leaders

Startup Funding

MILWAUKEE, WI—The Milwaukee metropolitan area has 147 startups that have landed at least one venture capital deal since 2010 and are still in operation. A total of 177 Milwaukee-area startups have collectively raised at least $279.18 million in venture capital since 2010. This data comes from an update of the Metro Milwaukee Innovation Data Tool,…

Read More

Dayton launches Rotunda Fund | Filo.co & Zoom | Capital Midwest Fund

Fueling the Future

DAYTON, OH—The Entrepreneurs’ Center has announced the launch of the Rotunda Fund, a revenue-based investment fund for area entrepreneurs and small businesses that are clients of the Entrepreneurs’ Center (EC). The investment is different in that it’s paid back monthly as a negotiated percentage of sales over a period of five years or at a…

Read More

Venture Capital in Bay Area drops, lands in Flyover Country

Startup Funding

FLYOVER IN GENERAL—For the first time in more than a decade, the proportion of seed- and early-stage capital invested in Bay Area startups is on pace to drop below 30%. That’s one of the big discoveries from data collected by Revolution and PitchBook. What does this mean for entrepreneurs in other rising ecosystems? Check out…

Read More

Griid goes public | Formstack secures $425M | $50M for solar projects

CINCINNATI, OH—Bitcoin mining firm Griid has agreed to go public through a merger with Adit Edtech Acquisition Corp., in a deal that values the combined company at about $3.3 billion, including debt. Under the plan, Griid is expected to receive about $246 million in cash from Adit EdTech. Griid also announced it  has secured a…

Read More

Ohio company acquired for $510M | Iowa Fintech fund closes at $250M | $20M for dairy innovation

Startup Funding

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—In a massive startup exit, Mason, Ohio-based VNDLY, a provider of cloud-based workforce management tech, will be acquired for…

Read More

A $500M acquisition in PIT | Investing in autonomous zero-emissions rail | $1.5B for the Wolverines

PITTSBURGH, PA—Global technology solutions provider Confluence Technologies has agreed to acquire Investment Metrics, an investment data solutions company in a deal worth $500 million. Confluence is backed by both Clearlake Capital Group LP and TA Associates. INDIANAPOLIS, IN—Startup MetaCX, which offers an online network where businesses and their suppliers can communicate and collaborate, has raised…

Read More

When I Work | Virtual collaboration | EdTech

Fueling the Future

MINNEAPOLIS, MN—SaaS employee scheduling and time-tracking platform When I Work secured a $200 million growth investment from Bain Capital Tech Opportunities. Employees use the platform to view and swap shifts, clock in, view hours worked, and request time off. INDIANAPOLIS, IN—Startup Filo, which has developed a virtual collaboration platform for businesses, closed on a $3…

Read More

Biotech startup raises $6.6M | Minneapolis VC announces $27M fund | AgTech funding

Startup Funding

ST. LOUIS, MO—Biotech startup Pluton Biosciences has raised $6.6 million in seed funding to advance its product development efforts. Financing was led by Oakland-based venture capital firm Better Ventures. Other investors include the Grantham Foundation, Fall Line Capital, First In Ventures, Wing Venture Capital and St. Louis-based Yield Lab Institute. WILMINGTON, NC—Real-time market research platform…

Read More