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February 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 February. See all Midwest Reports here.

2/2: Ann Arbor-based Workit Health, a telehealth startup offering online, on-demand evidence-based addiction treatment, raised funding of an undisclosed amount from Blue Cross Blue Shield Venture Partners, with participation from Endeavor Catalyst, Montage Ventures, Lux Capital, Wakestream Ventures, Invest Detroit and RRE Ventures.

2/6: Chicago-based FourKites, a provider of comprehensive real-time tracking for the logistics industry, raised a $50 million Series C from August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels.

2/6: Chicago-based Catalytic, a SaaS intelligent automation platform, raised a $30 million Series B from Intel Capital, with participation from Redline Capital, New Enterprise Associates, Boldstart and Hyde Park Angels.

2/7: Columbus, Ohio-based Vantage Point Logistics, a provider of healthcare supply chain technology solutions, raised $9.5 million in funding from Radian Capital and Tamarind Hill.

2/8: Birmingham, Michigan-based Everdays, a social platform for helping people notify friends and family when a loved one passes away, raised a $12 million Series A from Gordy Companies.

2/13: Ann Arbor-based May Mobility, a developer of self-driving shuttles, raised a $22 million Series A from Millennium New Horizons and Cyrus Capital Partners, with participation from LG Technology Ventures, Thayer Ventures, BMW i Ventures, Maven Ventures, Toyota AI Ventures and YC.

2/13: Minneapolis-based Nuvaira, a developer of medical devices that treat obstructive lung diseases, raised $79 million from U.S. Venture Partners, with participation from Endeavour Vision, Qiming Venture Partners, Lightstone Ventures, Advanced Technology Ventures, Morgenthaler Ventures, Split Rock Partners and more.

2/19: Lincolnshire, Illinois-based Alight Solutions, a provider of human capital & benefit administration solutions, filed for a $100 million IPO and plans to trade on the Nasdaq as ALIT.

2/19: Chicago-based private equity firm Growth Catalyst Partners is raising $200 million for its debut fund and will focus on the media, biz services sectors and marketing sectors.

2/22: Indianapolis-based Epogee, a developer of fat replacement and flavor enhancement ingredients, raised an $8.3 million round of funding led by HG Ventures.

2/22: Chicago-based Tillable, a farmland rental management startup, raised an $8.25 million Series A from The Production Board and First Round Capital.

2/22: Minneapolis-based Perforce Software revealed that it has completed its purchase of Louisville, Colorado-based Rogue Wave, a provider of cross-platform software development tools and embedded components.

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


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