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Midwest Funding Roundup Jan 9th

Arkansas

Midwest Funding Roundup: Jan. 9th to Jan. 16th

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.

Four large fundraises in the Middle this week – including strong showings in Chicago and Minneapolis.  But, the state of the week has to be Missouri with strong showings in both the Kansas City area (including Kansas) and St. Louis.  More than just the two big metropolitan areas, there were large rounds in Columbia and Jefferson City.  These rounds represent a $110mm+ week for the state which is approximately 10-20% of the expected amount for an entire year.  In addition, Des Moines had two companies receive $2mm+. 

Over $10 million

$2-10 million

  • Sentry Kiosk – Minnetonka, Minnesota – $8.7 million
  • ThreeFlow – Chicago, Illinois – $8 million
  • Dina – Chicago, Illinois – $7 million
  • Small Exchange – Chicago, Illinois – $5.1 million
  • Novosteo – West Lafayette, Indiana – $4.3 million
  • Igor – Des Moines, Iowa – $4.2 million
  • Nuvaira – Minneapolis, Minnesota – $3.9 million
  • Roboflow – Des Moines, Iowa – $2.1 million

$500k-2 million

Under $500k

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