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September 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

9/2: Madison, Wisconsin-based Avid Ratings, a customer experience company focused exclusively on the home building industry, raised $6 million in funding from 4490 Ventures and Beringea.

9/3: Grand Rapids-based private equity firm Auxo Investment Partners raised $50 million for its debut fund.

9/6: Chicago-based ShipBob, a provider of online shipping and fulfillment software, raised $40 million in funding from Menlo Ventures, with participation from Bain Capital, Hyde Park Venture Partners and Hyde Park Angels.

9/7: Grand Rapids-based Blue Medora, a provider of IT monitoring integration solutions, raised $10 million in funding from Edison Partners.

9/10: Chicago-based parking app ParkWhiz raised $20 million in funding from NewSpring, with participation from Baird Capital, Jump Capital and Beringea.

9/11: Ann Arbor-based SIMR, a health economics and outcomes research company, was acquired by private equity firm Ancor Capital Partners. Terms of the deal were not disclosed.

9/11: Cincy-based Paycor, a provider of human capital management software, received an investment from private equity firm Apax Partners. Terms of the deal were not disclosed.

9/12: Chicago-based Seed CX, a cryptocurrency exchange offering institutional trading and settlement, raised a $15 million Series B from Bain Capital Ventures and OKCoin USA.

9/14: Detroit-based StockX, an online marketplace for buying and selling items like sneakers, bags and watches, raised a $44 million Series B from Battery Ventures and GV.

9/14: Chicago-based Logiwa, a provider of warehouse and inventory management software, raised $3 million from Runway Venture Partners, with participation from Revo Capital, Spider Capital and Launch Capital.

9/16: St. Louis-based Benson Hill Biosystems, a crop improvement startup, raised a $60 million Series C from GV, with participation from Activant Capital, Tao Capital Partners, Alexandria Venture Investments, Fall Line Capital, iSelect Fund, Lewis & Clark Ventures, Mercury Fund, Prelude Ventures, and S2G Ventures.

9/16: Fishers, Indiana-based Emplify, an employee engagement measurement company, raised $7.5 million in funding from Edison Partners.

9/17: Indy-based Sigstr, a SaaS platform for employee email signature marketing and relationship intelligence, raised $4 million in funding from Edison Partners.

9/18: West Lafayette, Indiana-based Passageways, a provider of secure collaboration software for employees and board of directors, received an investment from growth equity and vc firm Five Elms Capital. Terms of the deal were not disclosed.

9/25: Iowa-based IDx, a developer of an autonomous AI to detect eye disease, raised a $33 million Series A from 8VC, with participation from Optum Ventures, Alpha Edison and Heritage Provider Network.

9/26: Chicago-based Instana, a provider of application performance management solutions for containerized microservice applications, raised a $30 million Series C from Meritech Capital.

9/27: Chicago-based food ordering and delivery giant GrubHub agreed to acquire San Francisco-based Tapingo, a food ordering service focused on college campuses, for a reported $150 million.

9/28: Detroit-based Guardhat, a developer of wearables for industrial workers, raised a $20 million Series A from RTP Ventures, with participation from 3M Ventures, Caterpillar VC, Revolution's Rise of the Rest Seed Fund, SVB and Detroit Venture Partners.

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


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