- Pittsburgh’s Brand Holdings LLC announced that it has acquired Simple Botanics, Chicago-based maker of herbal botanic teas and organic bars.
- Madison-based Fetch Rewards has raised $210 million in Series D financing, making it one of the few privately held startups to reach the billion-dollar valuation milestone in the Midwest.
Business starts in Minnesota are up 30%, with over 30,000 businesses having started recently. The state also received $1.86 billion in venture capital investments in 2020, ranking it 12th in the United States and second in the Midwest..
Former Pittsburgh Steelers safety Will Allen has, with three other people, founded a VC firm called Magarac Venture Partners that will focus on investments in early-stage startups in Pittsburgh and the Midwest in the software, robotics and med tech sectors.
- Kansas City startup Simplifyy, a tech-enabled multifamily property management company, has closed on a $5 million funding round led by UnitLeader, a San Diego-based VC group.