Fueling the Future: Investments in biotech, bitcoin, St. Louis and Wisconsin
- Cleveland Diagnostics, Inc. a biotechnology company developing diagnostic tests for the early detection of cancers, has closed on $17.4 million in Series D funding. The round was led by LYFE Capital, with participation from existing investors including Cleveland Clinic and others.
- Eden Prairie’s Compute North, a bitcoin, cryptocurrency, and blockchain sector company, has closed its latest growth capital round of $25 million in debt funding and equity.
Wisconsin Governor Tony Evers has announced that his 2021-23 budget will include $100 million for a new program to jumpstart innovation and startup growth in the state.
- A new investment fund will concentrate on Midwest cities. Funded by successful entrepreneurs looking for ways to reinvest in their regions, the Midwest Fund will target early-stage startups.
- Construction finance software company Built Technologies has closed an $88 million Series C funding round. The Series C was led by Addition, venture capitalist and investor Lee Fixel’s new fund.