Midwest Funding Roundup: April 4th – April 10th

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.

It is the beginning of the quarter, and many deals are pushed to close at the end of the previous quarter.  As such, this week is relatively quiet, particularly on the small side of deals.  That being said, OneStream Software announced a very large funding round this week – including a $6B valuation.  Just as Madison announced its first unicorn last week, congratulations on one for Rochester, Minnesota.  Chicago had a strong week with multiple funding rounds.  And, special shout out to Fayetteville for its continued efforts to fund small deals.  The community has had a string of venture rounds over the last six weeks – laying a strong venture foundation for years to come.

Also, for the ecosystem builders out there, Event Vesta is a tool that we use at mug.news – so it comes with our special seal of approval.