Skip to page content

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


Midwest Report
Photo Credit: Getty Images

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 January. See all Midwest Reports here.

1/3: Kalamazoo, Michigan-based Ablative Solutions, a medical device company, raised a $77 million Series D from Gilde Healthcare and BioStar Ventures, with participation from the Michigan Accelerator Fund and Novus Biotech.

1/9: Detroit-based Totle, an ERC-20 token trading platform, raised $1 million in funding from Arrington XRP, NEO Global Capital (NGC) and Goren Helm Ventures.

1/14: Chicago-based BenchPrep, a learning and assessment delivery platform for businesses, raised a $20 million Series C from Jump Capital and Owl Ventures.

1/16: Cleveland-based ScoutRFP, a sourcing and supplier engagement platform, raised a $33 million Series C from Scale Venture Partners, with participation from Menlo Ventures, NewView Capital, Workday Ventures and Salesforce Ventures.

1/18: Chicago-based HIMSS Analytics, a provider of healthcare data, was acquired by Definitive Healthcare, a Waltham, MA-based provider of data and intelligence on hospitals, physicians and other healthcare providers. Terms of the deal were not disclosed.

1/21: Chicago-based car insurance company Clearcover raised a $43 million Series B from Cox Enterprises, with participation from American Family Ventures, IA Capital Group, Lightbank, Hyde Park Angels and Silicon Valley Bank.

1/22: Minneapolis-based Apruve, a B2B credit automation platform, raised a $6 million Series A from Cloud Apps Capital Partners, with participation from TTV Capital and Allegis Capital.

1/22: Chicago-based Vistex, a software provider allowing businesses to manage the full life cycle of their Go-to-Market programs, raised up to $105 million in minority equity funding from private equity firm Accel-KKR.

1/24: Chicago-based PartySlate, a digital platform designed specifically for event professionals, raised a $3 million seed round from Revolution's Rise of the Rest Seed Fund, Hyde Park Venture Partners, Halogen Ventures and InvestHer Ventures.

1/25: Kansas-based venture capital firm Leawood Venture Capital is raising $75 million for its second fund, according to an SEC filing.

1/27: Chicago-based Packback, which creates AI-powered inquiry-based learning communities, raised $2.5 million in funding from University Ventures, with participation from Hyde Park Angels.

1/28: Michigan-based Arboretum Ventures, which specializes in the healthcare sector, is raising $250 million for its fifth fund, according to an SEC filing.

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


Keep Digging

TitletownTech
News
NadiyahJohnson.JetConstellations DIB2022 002
News
121115rop clarios 08
News
IMG 4731
News
bezos
News


SpotlightMore

The Fire Awards honor individuals, companies and organizations across Wisconsin that are setting the technology ecosystem ablaze.
See More
Inno Under 25 cover
See More
See More
See More

Upcoming Events More

Want to stay ahead of who & what is next? Sent twice-a-week, the Beat is your definitive look at Wisconsin’s innovation economy, offering news, analysis & more on the people, companies & ideas driving your state forward.

Sign Up