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


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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 August. See all Midwest Reports here

8/2: Madison, Wisconsin-based HealthMyne, a company brining multiple enhanced clinical decision support (CDS) workflow modules to Radiology and the Oncology care continuum, raised a $15 million Series B. The round was led by Ascension Ventures, with participation from Venture Investors, 4490 Ventures and WARF.

8/2: Chicago-based Holberg Financial, a B2B employee financial education and benefits platform, raised a $1 million seed round from West Loop Ventures, with participation from G2T3V Fund.

8/2: St. Louis-based BlueStra EHR, a cloud-based electronic health record for post-acute care providers, was acquired by Mediware Information Systems. Terms of the deal were not disclosed.

8/2: Ann Arbor-based Duo Security, a cybersecurity firm, was acquired by Cisco for $2.35 billion. Duo, which was founded in 2009, had raised $121.5 million in venture from Index Ventures, Workday, True Ventures, Lead Edge Capital, GV and Benchmark.

8/6: Chicago-based PerkSpot, a HR tech platform, raised a $50 million round of funding from Susquehanna Growth Equity.

8/15: Akron, Ohio-based VHT, a provider of customer experience solutions, received an undisclosed investment from Alpine Investors.

8/17: Cleveland-based Datatrak International, a provider of cloud-based tech for the life sciences industry, raised $8 million in funding from TabaFund, a private investment partnership for select high net worth individuals and family offices.

8/22: Columbus, Ohio-based Root Insurance, a mobile-first car insurance startup, raised a $100 million Series D from Tiger Global Management, with participation from Redpoint Ventures, Ribbit Capital, and Scale Venture Partners.

8/22: Missouri-based Bandura Systems, a cyberthreat intelligence startup, raised a $4 million Series A from Grotech Ventures, Gula Tech Adventures, Maryland Venture Fund and Cultivation Capital.

8/22: Zionsville, Indiana-based Clear Software, a startup that develops solutions to empower businesses, raised funding of an undisclosed amount. The round was led by Collina Ventures, with participation from Charmides Capital, MK Capital and Hyde Park Venture Partners.

8/25: Effingham, Illinois-based MyAgData, an agricultural-focused data analytics company, raised a $2 million round from Open Prairie Rural Opportunities Fund.

8/28: Minneapolis-based Foodsby, a fast-growing lunch delivery service, raised a $13.5 million Series B from Piper Jaffray Merchant Banking, with participation from Greycroft Partners, Corazon Capital and Rally Ventures.

8/28: Chicago-based Designation, a for-profit education school focused on design, was acquired by WeWork Flatiron School, a coding education platform. Terms of the deal were not disclosed.

8/31: Chicago-based IngeniousIO, a startup that manages construction projects, raised a $4 million round of funding from American Family Ventures.

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


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