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May Midwest Report: All of the Region’s Major Tech Fundings, M&As and IPOs this Month


Midwest Report
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While we’re primarily focused on Wisconsin'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

May 3: Cincinnati-based Rippe & Kingston, a provider of financial and practice management software for law firms, received an investment from private equity firm ParkerGale Capital. Terms of the deal were not disclosed.

5/4: Wisconsin Rapids, Wisconsin-based Renaissance, a provider of pre-K educational software solutions, has been acquired by private equity firm Francisco Partner from Hellman & Friedman. Terms of the deal were not disclosed.

5/6: Muncie, Indiana-based software company Ontario Systems acquired Albuquerque-based Justice Systems, a provider of court case management software and electronic payment solutions to government clients. Terms of the deal were not disclosed.

5/7: St. Louis private equity firm Thompson Street Capital Partners is looking to raise $1.1 billion for its fifth fund, per an SEC filing.

5/8: Columbus-based Rapchat, an app that provides users with free beats, a mobile recording studio, and the platform to distribute raps, raised a $1.6 million seed round from Rev1 Ventures, Base Ventures, M25 Group, TechNexus, OTAF and 500 Startups.

5/10: Chicago-based The Mom Project, a digital talent marketplace and community that connects professionally accomplished women with world-class companies, raised a $2.6 million seed round from Atlanta Seed Company, with participation from OCA Ventures, BBG Ventures, IrishAngels, Wintrust Ventures and Engage VC.

5/10: Westmont, Illinois-based Gamma Technologies, a provider of engineering simulation software, received an investment from private equity firm Cove Hill Partners. Terms of the deal were not disclosed.

5/15: Fitchburg, Wisconsin-based PegEx, Inc., an online platform for hazardous waste removal, raised an $8 million Series B from Plymouth Growth Partners, with participation from Capital Midwest Fund and WISC Partners.

5/15: Minneapolis-based KeyedIn, a provider of project management software, raised a $15 million Series C from Arrowroot Capital.

5/16: Springfield, Missouri-based BriteCore, an insurance software company, raised a $13 million round of funding from Radian Capital.

5/16: Columbus-based PriorAuthNow, a platform for connecting the healthcare landscape using prior authorization (PA) automation, raised a $10.5 million Series A from BIP Capital, with participation from NCT Ventures and Detroit Venture Partners.

5/16: Merrian, Kansas-based ShotTracker, a provider of automatic, real-time basketball stats and analytics, raised a $10.4 million Series A from Ward.Ventures, with participation from Greycroft, Elysian Ventures, KC Rise Fund, Irish Angels and SeventySix Capital.

5/17: Columbus-based Beam Dental, a provider of connected toothbrushes and data for dental insurers, raised $22.5 million in funding from Kleiner Perkins.

5/17: Ann Arbor, Michigan-based venture capital fund Renaissance raised $81 million for its third VC fund-of-funds.

5/18: Chicago-based Provi, an e-commerce marketplace that’s helping bars and restaurants order alcohol more efficiently, raised a $3.5 million round of funding from Hyde Park Angels, Hyde Park Venture Partners, Ludlow Ventures and Sandalphon Capital.

5/22: Westerville, Ohio-based TradingView, a developer of social networking and data analysis tools for the financial markets, raised a $37 million Series B from Insight Venture Partners, with participation from Jump Capital and DRW Venture Capital.

5/22: Indianapolis-based Scioto Biosciences, a preclinical stage startup developing innovative therapies to transform the delivery of microbiome therapeutics, raised a $1.8 million Series A from BioCrossroads, Elevate Ventures and Rev1 Ventures.

5/23: Ann Arbor-based Strata Oncology, a precision oncology platform company, raised a $26 million Series B from Pfizer Ventures, Merck Global Health Innovation Fund, Deerfield Management, Renaissance Venture Capital Fund, Arboretum Ventures and Baird Capital.

5/24: St. Louis-based Canopy Biosciences, a provider of innovative gene editing products, raised $2.4 million in funding from Kingdom Capital and BioGenerator.

5/27: Milwaukee-based Bright Cellars, a monthly wine subscription service, raised $2.8 million in funding from Cleveland Avenue, Northwestern Mutual and CSA Partners.

5/29: Madison, Wisconsin-based Propeller Health, a leading digital therapeutics company, raised $20 million in funding from Aptar Pharma, with participation from Safeguard Scientifics, Social Capital, Hikma, 3M Ventures and SR One.

(Data culled from Inno reporting, Fortune’s Term Sheet newsletter, Axios’ Pro Rata newsletter, SEC filings and more)


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