Midwest Funding Report: Minnesota’s When I Work Closes $200M

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. 

We write these funding reports every week, and we receive limited feedback from the readership regarding them.  This means that we end up spending most of the time considering the startups on the list as potential users.  When I Work is a great small business tool for time management.  I spent time going through their website and materials to write this, and I came away very impressed.  Moreover, with the advent of remote work, the need for a strong time management platform is here.  Hallow in Chicago was also very interesting – but I think the audience on our team might consist of exactly one person.  The company has a Catholic prayer app – and really only one person, Tom, is likely to be a user.  However, it is cool to see a religious app raising $40 million.  That’s a lot of thoughts and prayers.  Hopefully, some of them are headed our way.