The Midwest 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.
This week was a relatively low week for total fundings in the region, but fairly top heavy with a number of large ones. There were also some interesting fundings – particularly in Ohio and Chicago. Our office was particularly fond of Cooler Screens, a Chicago-based startup that uses screens on refrigerators to offer specials to consumers. This seems like cool technology that ultimately may be utilized in many other applications. The company raised $80 million from Verizon Ventures, M12, and GreatPoint Ventures.
Over $10 million
- Talaris Therapeutics – Louisville, Kentucky – $115 million
- Cooler Screens – Chicago, Illinois – $80 million
- Urotronic – Plymouth, Minnesota – $20 million
- NOCD – Chicago, Illinois – $12 million
$2-10 million
- PriorAuthNow – Columbus, Ohio – $10 million
- Forest Carbon Works – Minneapolis, Minnesota – $5 million
- Mandolin – Indianapolis, Indiana – $5 million
$500k-2 million
- Adranos – Lafayette, Indiana – $1.66 million
- Koligo Therapeutics – New Albany, Indiana – $1.65 million
- Zizzl – Milwaukee, Wisconsin – $.63 million
- Surgical Safety Scanner – Brighton, Michigan – $.501 million
Under $500k
- Pison Stream Solutions – Brecksville, Ohio – $.3 million
- Rivet – Detroit, Michigan – $.28 million
- Divine Services – Cincinnati, Ohio – $.25 million
- TADA Cognitive Sciences – Peoria, Illinois – $.25 million
- Alerje – Detroit, Michigan – $.05 million
- Roboflow – Des Moines, Iowa – $.015 million
Check out our list of other amazing Midwest Startups and their raises with our weekly funding reports.
