The Funding Roundup is a weekly note about companies that raised venture capital. We use four sources – 1) those that are sent to us via press release ([email protected]), 2) Form D filings in the sixteen states that we cover, 3) Databases to which we subscribe (particularly Pitchbook, Crunchbase), 4) Other sources (such as SBIR grant database). The goal of the funding roundup is to provide a quick synthesis of companies that are actively raising money. This is not a value judgment placing VC backed companies over bootstrapped – only a recognition that VC backed companies often file paperwork that puts them on our radar.
In a short week, the variety of fundings in the Middle continues to surprise. Chicago, as is typical, shows well with the largest funding – Booksy with more than $70 million. However, the variety of companies that received funding during this holiday week bears mentioning. Two that we like are Market Wagon from Indianapolis, Indiana which delivers local food directly to you, and Socialeads which helps financial companies use social tools to identify potential buyers. Both have strong management teams and good traction. There are also a good number of biotech companies this week.
Over $10 million
- Booksy – Chicago, Illinois – $70.3 million
$2-10 million
- Market Wagon – Indianapolis, Indiana – $4.7 million
- Reprise Biomedical – Plymouth, Minnesota – $2.78 million
- Socialeads – Milwaukee, Wisconsin – $2.75 million
- eCIO – Madison, Wisconsin – $2.19 million
$500k-2 million
- Wellspring – Chicago, Illinois – $1.5 million
- Arcadian Infracom – Saint Louis, Missouri – $1.5 million
- Referin – Cincinnati, Ohio – $1 million
- EmpowerU – Excelsior, Minnesota – $1 million
- 3Bar Biologics – Columbus, Ohio – $.78 million
Under $500k
- Spurge Technologies – Cincinnati, Ohio – $.31 million
- MIIR Audio Technologies – Minnetonka, Minnesota – $.15 million
- NX Prenatal – Louisville, Kentucky – $.07 million
- ProtoKinetix – Marietta, Ohio – $.04 million
- Fenworks – Grand Forks, North Dakota – $.01 million
