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.
Big rounds in Chicago this week. Four of the five largest fundraises were in Chicago or the Chicago suburbs. These companies ranged from biotechnology and health tech to cleantech and software. Chicago’s ecosystem continues to diversify. In particular, the funding sources were varied – including more than fifteen separate financing companies or individuals involved in deals this week. That is very rare compared to other communities in the Middle, or anywhere in the country. South Bend (IN) also had a nice week with two different companies receiving risk capital investments. This is strong for a small community, even if it does have a prestigious university.
Over $10 million
- Tempus – Chicago, Illinois – $300 million
- Endotronix – Lisle, Illinois – $69.3 million
- RxFunction – Eden Prairie, Minnesota – $15.5 million
- CircleIt – Chicago, Illinois – $15 million
$2-10 million
- FLEx Lighting – Chicago, Illinois – $9 million
- MetaCX – Indianapolis, Indiana – $7.5 million
- Basking Biosciences – Columbus, Ohio – $5.4 million
- Computer North Holdings – Eden Prairie, Minnesota – $4.3 million
- Blueprint – Chicago, Illinois – $3.43 million (press clipping)
- Perceptis Medical – Maple Grove, Minnesota – $3.25 million
- Tractor Zoom – Urbandale, Iowa – $3 million
- GrocerKey – Madison, Wisconsin – $2.4 million
- Aires Medical – Ann Arbor, Michigan – $2.28 million
- EquiLottery – Louisville, Kentucky – $2.15 million
$500k-2 million
- Amplified Sciences – West Lafayette, Indiana – $1.14 million
- Rover Robotics – Wayzata, Minnesota – $1 million
- Advanced Ionics – Milwaukee, Wisconsin – $.75 million
- Cityzenith – Chicago, Illinois – $.73 million
Under $500k
- Opstart – South Bend, Indiana – $.45 million
- 4ME4WE – Saint Louis, Missouri – $.3 million
- Circular Wave Drive – Columbus, Ohio – $.1 million
- BLGI – Chicago, Illinois – $.1 million (press)
- GRIP Molecular Technologies – Saint Paul, Minnesota – $.1 million
- Ahimsa – Indianapolis, Indiana – $.04 million
- Flowaste – South Bend, Indiana – $.03 million
