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 December. See all Midwest Reports here.
12/4: Madison, Wisconsin-based Propeller Health, a mobile platform offering sensors, apps, analytics, and services to support respiratory health management, was acquired by ResMed, a San Diego-based medical equipment company, for $225 million. Propeller Health's investors include McKesson Ventures, Social Capital, 3M New Ventures, SR One, Hikma Ventures and Safeguard Scientifics.
12/4: Chicago-based NTI Connect, a provider of network deployment solutions in fiber optics, data centers, wireless and video networks, has been acquired by private equity firm Orix Capital Partners. Terms of the deal were not disclosed.
12/6: Kansas City-based BacklotCars, an online community for car dealers, raised $8 million in funding from Origin Ventures, with participation from Revolution's Rise of the Rest Seed Fund, Pritzker Group Venture Capital, KCRise Fund, Royal Street Ventures, and Chaifetz Group.
12/13: Chicago-based EDGe Surgical, a medical device company focused on precision measurement solutions for orthopedic surgery, raised a $4 million Series A funding.
12/13: Chicago-based peer-to-peer, business solutions review platform G2 Crowd acquired San Francisco-based Siftery, a platform that helps businesses discover new applications based on stacks used by peer companies. Terms of the deal were not disclosed.
12/13: Boilingbrook, Illinois-based Vision Integrated Graphics, a provider of tech-enabled marketing solutions focused on customer acquisition and engagement for Fortune 1000 customers, was acquired by Miami-based private equity firm HIG Capital. Terms of the deal were not disclosed.
12/17: Chicago-based SonarMD, a healthcare management startup focused on “high beta” patients, raised a $10 million round of funding from BCBS Venture Partners and Arboretum Ventures.
12/18: Chicago-based The Mom Project, a digital talent marketplace and community connecting professionally accomplished women with world-class companies, raised an $8 million Series A from Grotech Ventures and Initialized Capital, with participation from Aspect Ventures, Atlanta Seed Company, Engage Ventures, OCA Ventures, BBG Ventures, IrishAngels and Wintrust Financial.
12/18: Minneapolis-based Nomics, a cryptocurrency data company delivering cloud-based data products and APIs for institutional crypto investors, raised a $3 million Series A from Arthur Ventures, with participation from BitGo Co-Founder Ben Davenport, Coinbase Ventures, CoVenture Crypto and Digital Currency Group.
12/18: Chicago-based Adams Street Partners, a private markets investment management firm with more than $35 billion of assets under management, announced the closing of the Adams Street 2018 Global Fund with $824 million in capital commitments, exceeding its target of $800 million.
12/19: Chicago-based Sprout Social, a provider of social media management software offering engagement, publishing, analytics and team collaboration tools, raised $40.5 million in funding from Future Fund, with participation from Goldman Sachs and New Enterprise Associates.
12/20: St. Louis-based Kypha, a medical diagnostics company, raised a $4 million Series A from Arsenal Capital Management.
(Data culled from Inno reporting, Fortune’s Term Sheet newsletter, Axios’ Pro Rata newsletter, SEC filings and more)
