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Midwest Funding Report: May 24th to May 30th

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.

This week we are displaying two weeks of deal data as we had a delay on last week’s funding report.  This report identifies a couple of big Chicago deals – but also a wide array of other interesting transactions – including a couple of large deals in secondary cities, such as Oklahoma City, Wauwatosa, and Grand Rapids.  These are not typical places to see large rounds.  We also are starting to see companies emerge for repeat deals – such as Wave Halo, one of the first companies that Mug.News covered.  This list also illustrates the repeating pattern of Series A and Large Rounds being covered well – but a lack of knowledge about what is happening in early stage and seed stage environments.  Many of these deals do not get reported, and Mug is working to find new ways to identify these deals.  Thanks for reading.

Large Rounds (More than $10M)
FarEye$100M Chicago, IL
Amount$99M Chicago, IL
Amplify BIO$80M West Jefferson, OH
Heyday (Business/Productivity Software)$70M Chicago, IL
Stability Cannabis$44M Oklahoma City, OK
Cmxtwenty$25M Wauwatosa, WI
Miromatrix (NAS: MIRO)$20M Eden Prairie, MN
HealthBridge (Other Healthcare Technology Systems)$14.2M Grand Rapids, MI
Obie$10.7M Chicago, IL
Airspace Link$10M Detroit, MI
Series A ($2M to $10M)
MAIA Biotechnology$8M Chicago, IL
Red Door Development Network$7.5M Kansas City, KS
Turn Technologies$7.1MChicago, IL
Evertas$5.8M Chicago, IL
Toledo Solar$5.2M Perrysburg, OH
7Signal$5M Independence, OH
Natural Fiber Welding$5M Peoria, IL
Spot (Chicago)$5M Chicago, IL
Sifter (Internet Retail)$4.6M Evanston, IL
BlockHoldings Insurance Agency$4.3M Chicago, IL
Lanza Tech$4.1M Skokie, IL
Tiv$3.5M Chicago, IL
Key (Movies, Music and Entertainment)$3M Chicago, IL
NAVV Systems$2.6M Detroit, MI
Medefy$2.5M Tulsa, OK
FlyWire (Electronics (B2C))$2.3M Lexington, KY
Clearbox Decisions$2.1M Chicago, Illinois
ConvIOT$2M Overland Park, KS
SampleServe$2M Traverse City, MI

Early Stage ($500k to $2M)
10XTS$1.9M Cincinnati, OH
Stonemaier Games$1.4M Saint Louis, MO
Compact Medical$1.2M Indianapolis, IN
FlyWire (Electronics (B2C))$1.2M Lexington, KY
Clara Biotech$.9M Lawrence, KS
FlowMSP$.9M Streator, IL
Just Light$.8M Ann Arbor, MI
9Line$.7M Saint Louis, MO
Underdog Apparel$.6M Indianapolis, IN
Airspace Experience Technologies$.6M Detroit, MI
Dakota Title$.6M Spearfish, SD
Join Roll$.5M Cincinnati, OH

Seed Stage (0 to $500k)
Wave Halo$.4M Ann Arbor, MI
Spinal Simplicity$.4M Overland Park, KS
Prichard Medical$.3M Rocky River, OH
Vascugenix$.15M Little Rock, AR
Safe (Social Content)$.14M Detroit, MI
BlueCreek Dermatologics$.1M Lexington, KY
Kickit (Recreational Goods)$.06M Chicago, IL
AuVis$.05M Saint Louis, MO
Tesseract Structural Innovations$.04M Fayetteville, AR
Cellular Logistics$.04M Madison, WI


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