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Midwest Funding Report: Cincinnati Wins Big with Cincor’s $143M Close

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 (hello@mug.news), 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. 

So close to a full Middle this week (which is actually two weeks worth of data – sorry about that).  We only had one state in our coverage area that did not have a fundraise.  Every other state had at least one round.  North Dakota had Bushel.  Nebraska had Insurate.  Oklahoma had Motive, and Kentucky had Symba.  In addition, the week was extremely active with big rounds all over the Great Lakes part of the region – including Chicago, Cincinnati and Columbus in Ohio, and throughout Michigan and Minnesota.  Overall, it was an early Q4 to bear witness to the strength of the region.

Large Round (10+ million)

CinCor Pharma$143M CincinnatiOhio
Halo Investing$103M ChicagoIllinois
The Mom Project$80M ChicagoIllinois
Aware$60M ColumbusOhio
DeepSight Technology$25M ClaytonMissouri
Peak Nano$25M Valley ViewOhio
Orbion Space Technology$20.1M HoughtonMichigan
Elephas Biosciences$20M MadisonWisconsin
LifeSpark$20M St. Louis ParkMinnesota
Akadeum Life Sciences$17.5M Ann ArborMichigan
RoboTire$15.7M PlymouthMichigan
Novian Health$13.4M ChicagoIllinois
Yield Protocol$10M ChicagoIllinois
    
Series A ($2M to $10M)
Marley Medical$9M MadisonWisconsin
Bushel$8M FargoNorth Dakota
Deck Commerce$7.8M Saint LouisMissouri
Cerkl$6M Blue AshOhio
FanLabel$6M BirminghamMichigan
OurPharma$5.5M FayettevilleArkansas
Chromatic 3D Materials$5.4M Golden ValleyMinnesota
Cardionomic$5M New BrightonMinnesota
NuShores Biosciences$4.9M Little RockArkansas
Standard Wellness$4.7M GibsonburgOhio
Insurate$4.5M OmahaNebraska
InvestNext$4.3M DetroitMichigan
Transactly$4M Saint CharlesMissouri
CuddlyNest$3.5M ChicagoIllinois
Pontoon Finance$3.2M ChicagoIllinois
Aeroflexx$3.1M West ChesterOhio
Finotta$3M Overland ParkKansas
Tenacity$3M Ann ArborMichigan
Track Financial$3M BloomingtonIllinois
Abilitech$2.9M Eden PrairieMinnesota
Triple Whale$2.3M ColumbusOhio
Arcadian Infracom$2.3M Saint LouisMissouri
Immuto Scientific$2.3M MadisonWisconsin
Supply Hive$2M ChicagoIllinois
Tobi Cloud$2M HudsonOhio
    
Early Stage ($500k to $2M)
Gwoop$1.9M MinneapolisMinnesota
Vetted Pet Health$1.5M ChicagoIllinois
OpenRelay$1.5M LenexaKansas
DroneDek$1M IndianapolisIndiana
4D Healthware$1M ChicagoIllinois
HiLink$1M ChicagoIllinois
DasiSimulations$.97M DublinOhio
Imbed Bioscience$.8M FitchburgWisconsin
    
Seed Stage (0 to $500k)
Continuum Ag$.3M WashingtonIowa
Vous Doc$.3MLittle RockArkansas
Linares Spinal Devices$.26M Auburn HillsMichigan
Symba$.2M LexingtonKentucky
Azella Advisor$.2M Grain ValleyMissouri
Mudroom$.09MLittle RockArkansas
Pitchly$.05M Des MoinesIowa
Tort Doc$.05MLittle RockArkansas
Playbooked$.04MGrand RapidsMichigan
Motive$.01M Oklahoma CityOklahoma

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