Venture Capital in Bay Area drops, lands in Flyover Country

December 16, 2021

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 the report here.

ST. LOUIS, MO—TCARE, a company that provides caregiver support and aging-in-place technology, has acquired New York-based Ruby Home Services, Inc., a 25madison incubated company. Ruby provides software and tech-enabled services that empower seniors to age safely at home. The acquisition jumpstarts TCARE’s goal of enhancing the social components of caregiving.

WICHITA, KS—Deborah Gladney and Angela Muhwezi-Hall became the first Black women in Kansas to raise at least $1 million in capital. Their company, QuickHire, is a dating app-style platform that matches job seekers with employers. The $1.41 million milestone was led by MATH Venture Partners.

KANSAS—An economic development plan outlined by Kansas State University is expected to create 3,000 jobs and encourage investment of $3 billion in the state over the next decade. The Economic Prosperity Plan would leverage KSU’s strengths in food and agriculture systems; digital agriculture and advanced analytics; biosecurity and biodefense; and extension and outreach.

COLUMBUS, OH—A company launched by a former employee of Root Insurance, Empora Title has raised $24.6 million in capital from Root, as well as SciFi VC, Background VC, Opendoor and Caffeinated Capital. Empora is a new venture aimed at digitizing the real estate title process.

Posted in Fueling the Future