Connect with us

Hi, what are you looking for?

Midwest Funding Report

Community

Midwest Funding Roundup: December 5th – December 13th

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.

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

$500k-2 million

Under $500k

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Advertisement Peeq
Advertisement Kips Coaching
Advertisement Appsky

You May Also Like

Community

The Funding Roundup is a weekly note about companies that raised venture capital.  We use four sources – 1) those that are sent to...

Ohio

Scriptdrop – Columbus, Ohio Scriptdrop delivers prescription drugs. In a recent interview, CEO Amanda Epp stated “ScriptDrop allows consumers to fill prescriptions from their preferred...

Features

Ensodata – Madison EnsoData provides a software platform that enables the discovery, identification, and actionable reporting of critical to understand patterns and trends in...

Features

For those of you who might be unaware, there is a global pandemic taking place.  One of the first things that is mentioned as...