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.
As in many years, this was a year where the last couple of weeks were littered with transactions. As expected, the large cities dominate the list – but there is a deal from Lawrence, Arkansas, North Dakota, and rural Wisconsin. In total more than eight hundred million of early-stage investment took place in the Middle during the last two frantic weeks of 2020.
Over $10 million
- StockX – Detroit, Michigan – $275 million
- Benson Hill – St. Louis, Missouri – $159.1 million
- Project44 – Chicago, Illinois – $100 million
- ONL Therapeutics – Ann Arbor, Michigan – $52.5 million
- Sequoia Sciences – Saint Louis, Missouri – $47.7 million
- MIVI Neuroscience – Eden Prairie, Minnesota – $47.2 million
- Civis Analysis – Chicago, Illinois – $20.8 million
- BoxCast – Cleveland, Ohio – $20 million
- IndyHealth – Westerville, Ohio – $15.7 million
- Flywheel – Minneapolis, Minnesota – $14.1 million
- Aware – Columbus, Ohio – $12 million
- NextCapital – Chicago, Illinois – $11.5 million
- 4C Medical – Maple Grove, Minnesota – $10.1 million
$2-10 million
- Rae – Minneapolis, Minnesota – $9 million
- LogicGate – Chicago, Illinois – $8.8 million
- VDYNE – Maple Grove, Minnesota – $8 million
- Boardable – Indianapolis, Indiana – $8 million
- Scale Computing – Indianapolis, Indiana – $7.7 million
- Aryv – Janesville, Wisconsin – $6.3 million
- Craniovation – Oakdale, Minnesota – $6 million
- GenoPalate – Milwaukee, Wisconsin – $5 million
- Tractor Zoom – Urbandale, Iowa – $4.6 million
- Sh1ft – Edina, Minnesota – $4.3 million
- Appareo – Fargo, North Dakota – $4 million
- ElectriCom – Paoli, Indiana – $3.7 million
- AirDeck – Ripon, Wisconsin – $3.4 million
- Viewpoint Molecular Targeting – Coralville, Iowa – $3.2 million
- Matrix Meats – Columbus, Ohio – $3 million
- Hidrate Spark – Minneapolis, Minnesota – $2.9 million
- Network Perception – Chicago, Illinois – $2.7 million
- Omcare – Burnsville, Minnesota – $2.5 million
$500k-2 million
- Adze Biotechnology – Chicago, Illinois – $2 million
- Ainstein – Lawrence, Kansas – $2 million
- Diasome – Cleveland, Ohio – $1.5 million
- NetGiver – Minneapolis, Minnesota – $1.5 million
- Homebuyer – Cincinnati, Ohio – $1.4 million
- Click Deal Buy! – Buffalo Grove, Illinois – $1.3 million
- Nanodropper – Rochester, Minnesota – $1.1 million
- OneCare – Batesville, Indiana – $1.1 million
- Meridian Bioscience – Cincinnati, Ohio – $1 million
- Bonfire. – Chicago, Illinois – $.98 million
- Electric Last Mile – Auburn Hills, Michigan – $.99 million
- FlowMSP – Chicago, Illinois – $.76 million
- Crossliner – Kalamazoo, Michigan – $.7 million
- Kidblog – Minneapolis, Minnesota – $.6 million
- Coverlease – Bayport, Minnesota – $.57 million
- Little Bird Systems – Fayetteville, Arkansas – $.55 million
- Immy – Troy, Michigan – $.54 million
Under $500k
- Bold – Chicago, Illinois – $.4 million
- Parafin Technologies – Chicago, Illinois – $.25 million
- Hidrate – Minneapolis, Minnesota – $.22 million
- Arthrofree – Cleveland, Ohio – $.2 million
- Protokinetix – Marietta, Ohio – $.17 million
- Boost App – Indianapolis, Indiana – $.1 million
- Node Chronicles – Grayslake, Illinois – $.1 million
- Riverstjoe – Buchanan, Michigan – $.1 million
- Blueprint Stats – Bloomington, Indiana – $.1 million
- CV Labs – Salem, Ohio – $.08 million
- Integrated Vital Medical Dynamics – Madison, Wisconsin – $.06 million
- Agwiki – Perryville, Missouri – $.01 million