Midwest Funding Roundup: G2, a Software Review Service, Closes $157M

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.

After a week with virtually no activity in Chicago, this week Chicago and the surrounding area dominate our funding report.  Seven of the ten largest fundings took place in Chicago last week – and more than 60% of the capital deployed was in the Chicago area.  G2 is a software marketplace that primarily serves corporate clients.  RoboTire appears to still be in product development, but from the website it appears to be a robotic system to change tires and do other auto maintenance.  Beyond these two companies, there are a couple fintech, SaaS, and of course, cannabis companies on the list this week.