PayIt lands $90M investment
KANSAS CITY, MO–PayIt, a SaaS provider of digital government services and payments, has closed a $90 million investment from Macquarie Capital Principal Finance. PayIt enables governments to accept digital payments and serve their constituents across web, desktop, and mobile. Its modules span motor vehicle, taxes, courts, utilities, and more. The new financing will support PayIt’s continued growth and product innovation.
Seegrid raises $30M of planned $75M round
PITTSBURGH, PA–Autonomous mobile robotics company Seegrid has raised $30 million of a planned $75 million round, according to Technical.ly. Seegrid’s investors for this round so far are its “current major investors” — Giant Eagle, the company’s majority owner, and G2VP, the Silicon Valley VC that led Seegrid’s Series B.
Orange EV closes on big funding round
KANSAS CITY, MO–Orange EV, a manufacturer of heavy-duty zero-emission trucks, has closed on a $35 million funding round led by S2G Ventures and CCI. The company will use the funds to scale manufacturing and develop new technologies.
TierPoint invests $20M into data center facility
ST. LOUIS, MO–TierPoint has completed work on a new data center in the city’s Maryland Heights suburb. The company invested about $20 million into the 14,500 sq. ft. facility. Global tech solutions provider World Wide Technology (WWT) will be the first anchor tenant.
Lotte Aluminum to build $238M plant in Kentucky
KENTUCKY–Kentucky is starting to see significant investment from EV-related businesses. Lotte Aluminum is now planning to build a $238 million foil production plant in the state. The plant will produce 36,000 short tons per year of ultra-thin aluminum cathode foil, a core material used in EV batteries.
$200M Oklahoma fund for early stage tech firms
BARTLESVILLE, OK–In a time when we’re hearing about economic downturns, an investor in VC funds has set out to raise $200 million for its second core fund that will focus on early-stage tech and life sciences VC firms. According to TechCrunch, at least 40 unnamed investors have chipped in on the seventh fund.