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Midwest Funding Report


Midwest Funding Report: Feb. 28th to March 5th

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 (, 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.

The North High Market must be partying in Columbus – with two large fundings this week.  Both companies provide insurance/benefit management software – building on the insurtech efforts of the region.  In addition, the region had a number of other compliance software successes this week.  But, our favorite is Buckeye Corrugated which makes shipping materials that  are clever and smart for e-commerce.  We see this as a huge growth area that is often overlooked – allowing box companies to provide the same old brown cardboard.  With the growing role of e-commerce in everyday shipping, we think evolution will happen rapidly.  Buckeye Corrugated looks well-positioned with its $5 million fundraise this week.  OH-IO!

Over $10 million

$2-10 million

$500k-2 million

Under $500k

  • Plastomics – Saint Louis, Missouri – $.39 million
  • BData – Edina, Minnesota – $.35 million
  • Flowaste – South Bend, Indiana – $.27 million
  • Intrinsic Institute – Olathe, Kansas – $.15 million
  • Rejoicy – Bentonville, Arkansas – $.1 million
  • CartoFront – Chicago, Illinois – $.03 million

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