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 May. See all Midwest Reports here.
7/10: Chicago-based Higi, a provider of population health enablement solutions, raised a $21.3 million Series C from previous investors Flare Capital Partners and 7wireVentures.
7/11: Indianapolis-based PactSafe, a cloud contracting platform, raised a $5.5 million Series A from the Mercury Fund and Signal Peak Ventures, with participation from Elevate Ventures and Vulpes Testudo.
7/12: Chicago-based Journera, a software platform for creating more seamless travel journeys, raised a $9 million Series A from B Capital Group, with participation from Andreessen Horowitz, Pritzker Group Venture Capital and The Boston Consulting Group. Journera was founded by former Orbitz CEO Jeff Katz.
7/12: Hebron, Kentucky-based Pomeroy Group, an infrastructure solutions firm for enterprise customers, was acquired by private equity firm Getronics Group. Terms of the deal were not disclosed and Pomeroy was bought from Clearlake Capital Group LP.
7/13: High Alpha, a leading venture studio, announced it has raised over $100 million to fuel the next generation of enterprise software, making it one of the largest venture studios in the world. High Alpha’s venture studio model conceives, launches and scales software-as-a-service (SaaS) businesses by uniting company building and venture capital.
High Alpha Studio II, an enterprise cloud startup studio, raised $16.65M from repeat investor Emergence Capital, Box and Veeva Systems, alongside new investor Foundry Group. Brad Feld, Partner at Foundry Group, will join the High Alpha board alongside Gordon Ritter, Founder and General Partner of Emergence Capital, and the High Alpha partners.
High Alpha Capital, a Seed and Series A venture capital fund, also announced the close of High Alpha Capital II, an $85M fund focused on supporting innovative entrepreneurs building the next generation of enterprise software.
7/13: Schaumburg, Illinois-based Kogentix, a provider of artificial intelligence and big data, was acquired by Accenture. Term of the deal were not disclosed.
7/20: Elizabethtown, Kentucky-based Venminder, a provider of third-party risk management solutions for the financial services industry, raised a $5 million Series B from MissionOG, with participation from Bain Capital Ventures.
7/21: Indianapolis-based Kenzie Academy, an apprenticeship program that develops modern tech workers, raised a $4.2 million seed round from ReThink Education, a White Plains VC firm focused on edtech.
7/23: Troy, Mich.-based Syntel, a multinational provider of integrated technology and business services, has been acquired by Atos, a French IT corporation, for $3.57 billion in cash.
7/26: Ann Arbor-based Groundspeed Analytics, a provider of data solutions to the global commercial property and casualty insurance market, raised a $30 million Series B from Oak HC/FT, a Greenwich venture firm.
7/29: Louisville-based Professional Systems Software & Technology, a software firm that provides data integration solutions for school districts and municipalities, was acquired by private equity firm PennSpring Capital. Terms of the deal were not disclosed.
7/30: Columbus-based Olive, a provider of robotic process automation solutions for the healthcare market, raised a $32.8 million Series D from Oak HC/FT and Ascension Ventures.
7/30: Oakbrook Terrace, Ill.-based Indusa, a tech company focused on end-to-end enterprise software solutions and services, was acquired by Synoptek, a portfolio company of private equity firm Sverica Capital Management. Terms of the deal were not disclosed.
(Data culled from Inno reporting, Fortune’s Term Sheet newsletter, Axios’ Pro Rata newsletter, SEC filings and more)
