What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering startup funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story.
Fello secures $25M
CLEVELAND, OH–Fello, the agent-led iBuyer, announced it has secured $25 million in a combination of debt and equity. This new funding will help Fello scale its mission of empowering all agents with an iBuying solution and providing home sellers with a seamless experience. The equity funding was led by Javelin Venture Partners, with participation from Ben Rubenstein, founder of OpCity and former Realtor.com CRO.
$23M toward building a safety infrastructure for drones
DETROIT, MI–Aviation solutions startup Airspace Link is one step closer to its mission of building a safety infrastructure for drones by closing on a $23 million Series B funding round, bringing the total amount of capital raised to $37 million. Airspace Link says it wants to expand on its initiatives to support the safe scaling of drone usage.
Training youths for geospatial tech sector
ST. LOUIS, MO–Nonprofit group Gateway Global will receive $5 million to help train youths for jobs in the geospatial tech sector. About 100 young people, including 80 from St. Louis, are expected to receiving training in 2022-2023 on skills designed to satisfy the talent needs of the National Geospatial Intelligence Agency and the information technology companies that support the agency.
SHARE Mobility closes on $12M Series A
COLUMBUS, OH–Mobility-as-a-Service company SHARE Mobility closed a $12 million Series A led by Iron Gate Capital and Renewal Funds with participation from Employment Technology Fund, JobsOhio, Seamless Capital and others. SHARE is building technology for scheduled mobility that companies and cities use to offer subscription-based transportation-as-a-service.
Creating eco-conscious yarns from kelp
MORRISVILLE, NC–Materials innovator AlgiKnit, located in the Research Triangle area, has closed on $13 million to create eco-conscious yarns from kelp. The yarns and ﬁbers the company creates will be for use in a diverse set of industries including fashion, interiors and furnishings, and automotive. The round was led by Collaborative Fund, joined by H&M CO:LAB, the investment arm of H&M Group, Starlight Ventures, Third Nature Ventures, and previous investors Horizons Ventures and SOSV.