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March 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 the Twin Cities 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 March. See all Midwest Reports here.

3/4: Dayton, Ohio-based CINgroup, a provider of software and due diligence solutions to attorneys and their clients, was sold by New York City-based investment company Sentinel Capital Partners to bankruptcy-administration firm Stretto. Terms of the deal were not disclosed.

3/5: Milwaukee-based ARI Network Services, a provider of e-commerce and e-catalog software for dealers, distributors and equipment manufacturers, received an investment from private equity firm TA Associates.

3/6: Milwaukee-based Bright Cellars, a wine discovery, curation and delivery platform, raised an $8.5 million Series A from Revolution Ventures, with participation from existing investors including CSA Partners.

3/7: Cleveland-based NeverBounce, a provider of email verification and list cleansing services, was acquired by DiscoverOrg, a Vancouver-based marketing and sales intelligence tool. Terms of the deal were not disclosed.

3/11: Chicago-based HealthJoy, an online healthcare decision platform, raised a $12.5 million Series B from U.S. Venture Partners, with participation from Epic Ventures, Chicago Ventures and Sidekick Ventures.

3/12: Ames, Iowa-based Performance Livestock Analytics, a provider of livestock analytics software, raised a round of funding from Cavallo Ventures. The size of the fund was not disclosed.

3/13: Chicago-based Livly, a startup building a tech platform for property managers and renters, announced it has raised $10 million in funding from investors including Pritzker Group Venture Capital, Navitas Capital, and JLL Spark, JLL’s $100 million fund that invests in tech startups.

3/13: Chicago-based FoodBoss, a startup building a food delivery search engine, raised more than $2 million in seed funding from Cleveland Avenue, a venture firm founded by former McDonald's CEO Don Thompson.

3/13: Columbus, Ohio Velosio, a provider of business management solutions for companies, raised a round of funding from Harren Equity Partners. The funding size was not disclosed.

3/13: Chicago-based Motorola Solutions acquired Lexington, South Carolina-based Avtec, a provider of dispatch solutions for public safety and commercial customers.

3/14: Indianapolis-based Kerauno, a provider of communications workflow software, raised $25 million in funding from a variety of investors including The Joan Hanley (Steinbrenner) Trust and former auto racer Michael Andretti.

3/19: Mason City, Iowa-based DealerBuilt, a dealer management system for auto dealers, was acquired by private equity firm ParkerGale; terms of the deal were not disclosed.

3/20: Evanston, Illinois-based BriteCo, a jewelry appraisal and insurance platform, raised a $2 million seed round from investors including Brian Spaly, the founder of Trunk Club, and Jeff Taylor, the former chairman and CEO at Cole Taylor Bank.

3/28: Kansas City-based PayIt, a payments platform for state and local governments, raised over $100 million in funding from Insight Partners.

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


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