Cleantech company raises $300M
LINCOLN, NE–Venture capital firms are increasing their investments in clean hydrogen technology. Cleantech company Monolith has raised what is likely the largest single investment in Nebraska history: over $300 million in funding led by TPG Rise Climate and Decarbonization Partners, a joint venture of BlackRock and Temasek. Monolith creates clean hydrogen and carbon black using carbon-free renewable energy sources. The funding values the firm at over $1B, cementing its unicorn status.
State of Indiana to receive funding for startups
INDIANA–The state of Indiana will receive up to $99.1 million in federal funding through the State Small Business Credit Initiative to increase capital for Hoosier entrepreneurs, startups, and small businesses. Indiana Secretary of Commerce Brad Chambers said, “As a state, Indiana is strategically focused on creating the economy of the future and investing in the jobs of tomorrow and taking Indiana’s Top 40 Global Entrepreneurship Ecosystem to a Top 5 Ecosystem is an essential goal of that initiative.”
Ohio Third Frontier approves $83.2M in grants
OHIO–The Ohio Third Frontier Commission approved $83.2 million in grants to help entrepreneurs develop innovative products and to grow technology startup companies. When speaking about the funding, Governor Mike DeWine said, “Ohio’s future is rooted in technology and innovation. We are investing in opportunities that will support our work to be the most innovative, creative, and entrepreneurial state in the Midwest.”
Podchaser acquired by Swedish company
OKLAHOMA CITY, OK—Podchaser has been acquired by Swedish tech company Acast. According to TechCrunch, the deal initially values Podchaser at $27.2 million, though this could rise by a further $6.8 million depending on Podchaser meeting certain “performance conditions.” The podcast database says it will use this new relationship with Acast to supercharge its efforts to build discovery tools that help listeners, creators, and brands/advertisers get the most out of podcasting.
Manufacturing software platform raises $2.2M
LAURIUM, MI–Steelhead Technologies, a software platform for processed-based manufacturers to modernize and streamline their plants, has raised $2.2 million in seed funding. The system unlocks job cost data and tracks workload management. The company intends to use the funds to expand sales and marketing, technology development and growth of its team. The round was led by TIA Ventures and C2 Ventures.
Construction finance tech co. Built Technologies secures $23.6M
NASHVILLE, TN–Earlier this month, Built Technologies, a provider of construction finance technology, launched a new software tool designed to help manage risk in multiple ways. Now, according to a U.S. Securities and Exchange Commission filing, the company has secured a $23.6 million round of funding involving 18 investors.