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 May. See all Midwest Reports here.
5/3: Indianapolis-based Boardable, an online board management platform, raised a $1 million seed round from High Alpha Capital. To support its mission of increasing board member engagement for nonprofits, Boardable plans to invest the funding into talent, product, marketing, and sales, aiming to double full-time employees at the company by the end of 2019. With High Alpha Capital’s new partnership through the investment, Eric Tobias, partner at High Alpha, will join Boardable’s board of directors.
5/6: Chicago-based Litera Microsystems, a provider of end-to-end document lifecycle solutions to the legal and life sciences industries, received an undisclosed investment from private equity firm Hg.
5/6: Kansas City-based Zego, a smart amenity platform for apartments, was acquired by Paylease, a suite of property management software that's backed by private equity giant Vista Equity Partners. Terms of the deal were not disclosed.
5/10: Madison, Wisconsin-based Understory, a weather network and analytics company, raised a $5.25 million Series B from True Ventures, with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund.
5/10: Chicago-based Humanpredictions, a recruiting company for engineers, raised $1 million in new funding from Network Ventures, with participation from Hyde Park Angels, SaaS Ventures and M25.
5/15: Chicago-based 86 Repairs, a subscription service that manages repairs and maintenance for restaurant groups, raised $1.5 million funding from Tamarind Hill, with participation from Detroit Ventures, Relish Works, Network Ventures, M25 and MATH Venture Partners.
5/16: Cincinnati-based biopharmaceutical company CinCor Pharma raised a $50 million Series A from Sofinnova Investments.
5/16: Minneapolis-based ClickSwitch, a provider of account switch solutions for financial institutions, raised a $13 million Series B from Commerce Ventures and Point72 Ventures.
5/16: Chicag-based venture capital firm OCA Ventures is raising up to $125 million for its fifth fund, according to an SEC filing.
5/20: Ann Arbor-based Clinc, which builds superior conversational AI experiences for enterprises to deliver sophisticated voice and chat enabled solutions for all industries, raised a $52 million Series B from Insight Partners, with participation from DFJ Growth, Drive Capital and Hyde Park Venture Partners.
5/20: Chicago-based Snapsheet, a virtual claims solutions company, raised a $29 million Series E.
5/20: Salon, Ohio-based Folio Photonics, a developer of optical solutions for data storage, raised an $8 million seed round from Refinery Ventures, with participation from Pavey Investments and Capital One.
5/21: Northbrook, Illinois-based Impossible Objects, a 3D printer and materials company specializing in high-performance composites, raised a $4.1 million round from OCA Ventures.
5/22: Lexington, Kentucky-based AppHarvest, a company building and operating large-scale, high-tech greenhouse farms, raised $82 million in funding from the ValueAct Spring Fund, with participation from Revolution's Rise of the Rest Seed Fund.
5/23: Chicago-based private equity firm Granite Creek Capital Partners raised $200 million for its FlexCap II fund.
5/24: According to an SEC filing, Chicago-based venture capital firm Chicago Ventures is seeking up to $75 million for its third fund.
5/25: Maple Grove, Minnesota-based Crosscode Inc, an enterprise software development company, raised $9.25 million in funding.
5/27: Minneapolis-based Upsie, a direct-to-consumer warranties startup, raised $5 million from True Ventures, with participation from Techstars Ventures, Matchstick Ventures, Syndicate Fund and M25.
5/28: Chicago-based BigTime Software, which provides its more than 2,000 clients with a platform that allows them to monitor and manage their finances through budgeting, tracking and invoicing, raised $14 million in funding from Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital.
(Data culled from Inno reporting, Fortune’s Term Sheet newsletter, Axios’ Pro Rata newsletter, SEC filings and more)
