HistoSonics raises $85M
MINNEAPOLIS, MN–HistoSonics, Inc, the developer of a non-invasive, novel sonic beam therapy, announced that it has raised $85 million in a financing led by Johnson & Johnson Innovation – JJDC, Inc., with participation from existing investors including Venture Investors, Lumira Ventures, Yonjin Venture, and the State of Wisconsin Investment Board, among others.
Gener8tor invests in Flyover Country
MADISON, WI–Wealth and capital in the U.S. midwest is often invested to the coasts—Silicon Valley, New York, and Boston. For the past decade, startup accelerator Gener8tor has been working to spin up accelerators in local communities that have money but are underserved in terms of startup support. Eighty percent of its startups are outside of those major tech hubs. Here’s a look at some of Gener8tor’s stats.
Oracle continues its work campus plans in Nashville
NASHVILLE, TN–Tech giant Oracle Corp. has paid $23 million for 1.6 acres in Nashville, an indication that the company is continuing to develop its East Bank work campus plans. The company’s most recent buy marks its first land acquisition since June 2021, when it paid $254 million for 65 acres in the area.
1863 Ventures partners with Ford on pitch competition
KANSAS CITY, MO–1863 Ventures, an independent, Black-led national business development nonprofit and venture capital accelerator for New Majority founders, is launching its third annual pitch competition with the Ford Motor Co. The competition is for women business owners and social entrepreneurs in the Kansas City metropolitan area to compete for up to $50,000 in a Shark Tank-style competition to start and scale businesses.