While we're primarily focused on Chicago's innovation economy, we also have our eyes on all of the startup and tech activity happening throughout the entire Midwest. Here are the major tech fundings, acquisitions, mergers, moves and IPOs that went down in the region in September. See all Midwest Reports here.
9/1: Cincinanati-based Cordata Healthcare Innovations LLC, a healthcare solutions company that develops specialized software applications for more effective patient management, raised just under $3M in Series A funding. The round was led by First Health Capital Partners, with participation from seed backer CincyTech.
9/1: Detroit-based Peninsula Capital Partners, a subordinated debt firm, closed its sixth fund with just over $400M in capital commitments.
9/8: Kalamazoo, Michigan-based Armune BioScience, a developer of a blood test for prostate cancer, raised a $5M Series A funding. The round was led by Grand Angeles Venture Fund.
9/8: Indianapolis-based Octiv, a sales productivity platform "revolutionizing connection and collaboration across the sales software ecosystem," raised $4.75 million in VC funding from GE Ventures, Greycroft Partners, High Alpha Capital and Allos Partners.
9/15: St. Louis-based VC firm Lewis & Clark Ventures raised $20M for a new fund that will focus on agtech startups.
9/16: Cleveland-based Securus Medical Group Inc., a developer of ablation therapy-related medical devices, raised a $10M Series C. The round was led by Boston Scientific Corp., with participation from Global Cardiovascular Innovation Center, RiverVest Venture Partners, 3X5 Special Opportunity Fund, and the University of Michigan MINTS program.
9/19: Indianapolis-based Doxly, a provider of legal transaction management software, raised $2.25M from Nextlaw Labs, Hyde Park Venture Partners, and High Alpha Capital.
9/20: Omaha, Nebraska-based venture capital firm Dundee Venture Capital closed its third fund with $20 million in capital commitments.
9/21: Madison, Wisconsin-based Catalyze Inc., a provider of cloud infrastructure for healthcare companies, raised a $6.5M Series B. The round was led by Lewis & Clark Ventures, with participation from Arthur Ventures, Baird Venture Partners and Chicago Ventures.
9/22: CincyTech, a seed stage investor in digital and life science companies in Southwest Ohio, announced an investment in Losant. Losant’s Internet of Things platform allows developers to build complex, connected solutions quickly and easily.
9/26: St. Paul, Minneapolis-based GovDelivery, a digital communication platform for government, has been acquired by private equity firm Vista Equity Partners for $153M.
9/26: Kansas City-based VC firm Firebrand Ventures is raising $15M for its debut fund, according to a regulatory filing.
9/27: Kansas City-based Site 1001 Inc., a developer of "smart" building maintenance and management software, raised a $5M in Series A. JE Dunn led the round, with participation from Flyover Capital, Tifec and Ward Ventures.
9/28: Wixom, Michigan-based DaySmart, a provider of business management software for consumer-facing SMEs, raised an undisclosed amount of funding from SFW Capital Partners.
9/29: Indianapolis-based T2 Systems Inc., a provider of parking management technology, has been acquired by private equity firm Thoma Bravo from Pamlico Capital. Financial terms of the deal were not disclosed.
(Image via Lewis and Clark Ventures and Firebrand Ventures)
