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Midwest Funding Report

Arkansas

Midwest Funding Roundup: March 14th-March 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 (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.

It was a strong week for Minneapolis and Minnesota.  Multiple large funding rounds occurred, but they crossed industries including healthtech, pharma, and software.  We love 75F, the company that specializes in building information management systems.  But, there were a bunch of other communities and companies that raised venture capital.  We are still concerned about the relatively few early stage deals that are occurring, but the geographic diversity of the Middle is allowing the region to sustain during the pandemic.

Over $10 million 

$2-10 million

$500k-2 million

Under $500k

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