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 October. See all Midwest Reports here.
10/6: Cincinnati-based Enable Injections Inc., a developer of advanced wearable large volume injectors for subcutaneous delivery of biologics and high volume drugs, raised a $30M Series A led by ORI Healthcare Fund. According to a release, Enable Injections will use the round to commercialize the company’s patient-focused drug delivery product, the Enable Injector.
10/6: Madison, Wisconsin-based Moxe Health, a company that focuses on accelerating the exchange of clinical data between payers and providers, raised a $5.5M Series A. The funding round was led by Safeguard Scientifics.
10/7: Oakbrook Terrace, Illinois-based Episerver, a provider of cloud-based digital experience management solutions, acquired Optivo, a German provider of omnichannel campaign management and customer intelligence solutions, and Peerius, a London-based provider of omnichannel personalization in the cloud. No financial terms were disclosed.
10/11: Plainfield, Illinois-based Infutor Data Solutions, a provider of on-demand data solutions, raised an undisclosed amount of growth equity funding from Norwest Venture Partners.
10/13: Grand Rapids-based Blue Medora, a provider of enterprise cloud and data center management software, raised an $8.6M Series B. Lewis & Clark Ventures led the round, with participation from VMWare, eLab Ventures, Start Garden and Grand Angels.
10/13: Indianapolis-based Zylo, a SaaS optimization platform, raised $3.3M in seed funding from High Alpha Capital, GGV Capital, and SV Angel. Zylo was founded by Eric Christopher, the former SVP of Sales at Sprout Social, a Chicago-based social media engagement tool that raised a $42M Series C earlier this year. Previously, Christopher served as a Senior Business Development Manager with ExactTarget, a provider of digital marketing software and services that sold to Salesforce in 2013 for $2.3B. ExactTarget is known as one of Indianapolis' key tech pillars.
10/14: Madison, Wisconsin-based Nordic Consulting, a health IT consulting company, secured an undisclosed amount of equity funding from Silversmith Capital Partners.
10/15: Cincinnati-based Astronomer, a platform for enterprise-scale big data integration, raised $1.9 million in seed funding from CincyTech. AngelPad, 500 Startups, First Ascent, Connetic Ventures, Drummond Road Capital and CoreNetwork also participated in the round.
10/18: Grand Rapids, Michigan-based private equity firm Auxo Investment Partners is raising upwards of $50 million for its debut fund. The firm is led by former Blackford Capital partners Jeff Helminski and Jack Kolodny.
10/20: Madison, Wisconsin-based Propeller Health, a provider of digital solutions for respiratory medicine, raised a $21.5M Series C from 3M Ventures, S.R. One, Limited, and Hikma Ventures, with participation from return backers Safeguard Scientifics and Social Capital.
10/21: Indianapolis-based Appirio, an enterprise cloud services company, has been acquired by Wipro Ltd. for $500M. According to Fortune's Term Sheet newsletter, Appirio had "raised around $110 million in VC funding, including a $35 million Series E round last year at a $535 million post-money valuation."
10/24: St. Louis-based Scottrade Financial Services, an online brokerage and bank, has been acquired by TD Bank and TD Ameritrade for approximately $4 billion.
10/31: Cincinnati-based Everything But The House, a digital marketplace for estate sales, raised $41.5M in funding from Greenspring Associates, Greycroft Partners and Spark Capital.
(Image via Everything But the House)
