Connect with us

Hi, what are you looking for?

Midwest Funding Report


Midwest Funding Roundup Feb. 14th – Feb. 20th

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 (, 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.

One of the reasons that we love the middle is the amount of diversity in our startup portfolio as a region.  With so many communities with so many separate comparative advantages, many different types of companies can be started here.  The five companies in the third tier represent this well.  Palarum is a smart sock company that provides medical information.  Honest Jobs is a company that helps people find jobs.  Tygrus is a company that manufactures inorganic chemicals.  EdgeMode helps with compute power.  75F is a smart building company.  It is true that we are spread out over a large geography, but across the Middle of this country, innovation and startups happen.  We have huge companies being born every week – but not just in a single place.  This diversity is one of the strengths of the region.

Over $10 million

$2-10 million

$500k-2 million

  • Palarum – Lebanon, Ohio – $1.9 million
  • Honest Jobs – Columbus, Ohio – $1.3 million
  • Tygrus – Troy, Michigan – $1.15 million
  • EdgeMode – Chicago, Illinois – $.77 million
  • 75F – Burnsville, Minnesota – $.7 million

Under $500k

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement Peeq
Advertisement Kips Coaching
Advertisement Appsky

You May Also Like


Scriptdrop – Columbus, Ohio Scriptdrop delivers prescription drugs. In a recent interview, CEO Amanda Epp stated “ScriptDrop allows consumers to fill prescriptions from their preferred...


Ensodata – Madison EnsoData provides a software platform that enables the discovery, identification, and actionable reporting of critical to understand patterns and trends in...


One of the consistent measurements that cities and states use to evaluate the current state of their entrepreneurial ecosystem is venture funding.  However, there...


Scooters are strange to me.  The two leading scooter companies – Lime and Bird – have raised more than $750 million apiece.  Ostensibly, these...