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Midwest Funding Roundup: April 19th to April 25th

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.

More than 10 large rounds in the Middle this week.  This marks the largest week of large rounds since we have started keeping track of funding events.  There is significant geographic diversity in this week’s large rounds, also – with seven states represented.  In particular, we are excited about Bushel in North Dakota and Replica in Kansas City, Kansas.  Our friends at StartlandNews did an excellent job covering Replica’s investment, and have been following the company particularly closely over the last year.  Both are companies that have exciting potential in areas where Mug.news pays attention – agtech and govtech/the built world.  These are exciting developments.  This week also saw a variety of other fundings – particularly around fintech and payments.  

Large Rounds (More than $10M)
Evozyne$54MChicago, Illinois
Bushel$47MFargo, North Dakota
Replica$41MKansas City, Kansas
Arturo$25MChicago, Illinois
Hungry Planet$25MSaint Louis, Missouri
Branch Messenger$19MMinneapolis, Minnesota
Signal Advisors$16MDetroit, Michigan
Floyd$15MDetroit, Michigan
DyaMX$12MPlymouth, Minnesota
Incubex$12MChicago, Illinois
Early Stage Rounds (Between $2M and $10M)
Investor Cash Management$9MChicago, Illinois
ViaPhoton$6.2MAurora, Illinois
Genesis Systems$5MKansas City, Missouri
Minute Molecular Diagnostics$4.9MEvanston, Illinois
Avant$3.9MChicago, Illinois
SynerFuse$3.6MMinneapolis, Minnesota
SpiderOak$3.2MLenexa, Kansas
Early Stage Rounds (Between $500k and $2M)
Neopenda$1.7MNew Albany, Indiana
Delta Peanut$1.3MJonesboro, Arkansas
Performitiv$1.1MChicago, Illinois
Anvl$1MIndianapolis, Indiana
Privacy Brain$.75MOklahoma City, Oklahoma
Seed Rounds (Less than $500k)
BopDrop$.5MChicago, Illinois
Periodic$.5MBloomington, Indiana
Renaissant$.4MMilwaukee, Wisconsin
YoYo Boat$.2MLakeland, Minnesota
TripOutside$.1MBox Elder, South Dakota
LiquidGoldConcept$.1MYpsilanti, Michigan
New Dawn Labs$.1MUnion, Ohio
Fiveable$.1MMilwaukee, Wisconsin

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