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 | Cincinnati | Ohio |
| Halo Investing | $103M | Chicago | Illinois |
| The Mom Project | $80M | Chicago | Illinois |
| Aware | $60M | Columbus | Ohio |
| DeepSight Technology | $25M | Clayton | Missouri |
| Peak Nano | $25M | Valley View | Ohio |
| Orbion Space Technology | $20.1M | Houghton | Michigan |
| Elephas Biosciences | $20M | Madison | Wisconsin |
| LifeSpark | $20M | St. Louis Park | Minnesota |
| Akadeum Life Sciences | $17.5M | Ann Arbor | Michigan |
| RoboTire | $15.7M | Plymouth | Michigan |
| Novian Health | $13.4M | Chicago | Illinois |
| Yield Protocol | $10M | Chicago | Illinois |
| Series A ($2M to $10M) | |||
| Marley Medical | $9M | Madison | Wisconsin |
| Bushel | $8M | Fargo | North Dakota |
| Deck Commerce | $7.8M | Saint Louis | Missouri |
| Cerkl | $6M | Blue Ash | Ohio |
| FanLabel | $6M | Birmingham | Michigan |
| OurPharma | $5.5M | Fayetteville | Arkansas |
| Chromatic 3D Materials | $5.4M | Golden Valley | Minnesota |
| Cardionomic | $5M | New Brighton | Minnesota |
| NuShores Biosciences | $4.9M | Little Rock | Arkansas |
| Standard Wellness | $4.7M | Gibsonburg | Ohio |
| Insurate | $4.5M | Omaha | Nebraska |
| InvestNext | $4.3M | Detroit | Michigan |
| Transactly | $4M | Saint Charles | Missouri |
| CuddlyNest | $3.5M | Chicago | Illinois |
| Pontoon Finance | $3.2M | Chicago | Illinois |
| Aeroflexx | $3.1M | West Chester | Ohio |
| Finotta | $3M | Overland Park | Kansas |
| Tenacity | $3M | Ann Arbor | Michigan |
| Track Financial | $3M | Bloomington | Illinois |
| Abilitech | $2.9M | Eden Prairie | Minnesota |
| Triple Whale | $2.3M | Columbus | Ohio |
| Arcadian Infracom | $2.3M | Saint Louis | Missouri |
| Immuto Scientific | $2.3M | Madison | Wisconsin |
| Supply Hive | $2M | Chicago | Illinois |
| Tobi Cloud | $2M | Hudson | Ohio |
| Early Stage ($500k to $2M) | |||
| Gwoop | $1.9M | Minneapolis | Minnesota |
| Vetted Pet Health | $1.5M | Chicago | Illinois |
| OpenRelay | $1.5M | Lenexa | Kansas |
| DroneDek | $1M | Indianapolis | Indiana |
| 4D Healthware | $1M | Chicago | Illinois |
| HiLink | $1M | Chicago | Illinois |
| DasiSimulations | $.97M | Dublin | Ohio |
| Imbed Bioscience | $.8M | Fitchburg | Wisconsin |
| Seed Stage (0 to $500k) | |||
| Continuum Ag | $.3M | Washington | Iowa |
| Vous Doc | $.3M | Little Rock | Arkansas |
| Linares Spinal Devices | $.26M | Auburn Hills | Michigan |
| Symba | $.2M | Lexington | Kentucky |
| Azella Advisor | $.2M | Grain Valley | Missouri |
| Mudroom | $.09M | Little Rock | Arkansas |
| Pitchly | $.05M | Des Moines | Iowa |
| Tort Doc | $.05M | Little Rock | Arkansas |
| Playbooked | $.04M | Grand Rapids | Michigan |
| Motive | $.01M | Oklahoma City | Oklahoma |