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Funding Report November 29 to December 5

Fundings

Midwest Funding Roundup: November 29 – December 5

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.

Three big stories this week.  First, Olive AI continues to grow and evolve.  The company announced a raise of more than $200 million led by Tiger Global Management and including local Columbus fund Drive Capital.  Second, Chicago dominated the week with nine early stage fundings.  Third, the Cedar Rapids/Iowa City region had a monster week for a smallish region in the Middle – more than $16 million raised by two separate companies.  However, our favorite raise of the week is friend of the blog, Glenn Reid’s Marathon Laundry raise in Milwaukee.  Who doesn’t want a better process for doing laundry?

Over $10 million

$2-10 million

$500k-2 million

Under $500k

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