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August 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 August. See all Midwest Reports here.

8/1: Detroit-based Bloomscape, a direct-to-consumer plant company, raised a $7.5 million Series A from Revolution Ventures, with participation from Endeavor.

8/2: - Columbus-based ORIS Intelligence, a provider of insights for manufacturers, was acquired by market intelligence platform PriceSpider. Terms of the deal were not disclosed.

8/6: Chicago-based LanzaTech, a maker of carbon recycling technology, raised a $72 million Series E from Novo Holdings.

8/6: Chicago-based Dough, a commission-free online broker, raised $20 million in capital from Tastytrade.

8/7: Kansas City-based C2FO, an online marketplace for working capital, raised $200 million from the SoftBank Vision Fund, with participation from return backers Temasek and Union Square Ventures.

8/9: Ann Arbor-based AI startup Voxel51 raised $2 million in seed funding from eLab Ventures.

8/12: Chicago-based Hazel Technologies, a biotech startup focused on reducing waste in the agricultural supply chain, raised a $13 million Series B from Pangaea Ventures, with participation from S2G Ventures, The Grantham Foundation, Asahi Kasei Ventures, Rhapsody Venture Partners, Serra Ventures, Valley Oak Investments, Climate Impact Capital and ImpactAssets.

8/19: Columbus-based Root Insurance, a tech-enabled auto insurance company, raised $350 million in capital at a $3.5 billion valuation.

8/20: Chicago-based GoHealth, a provider of direct-to-consumer sales and marketing solutions for health insurers, was acquired by Centerbridge Partners. Terms of the deal were not disclosed.

8/21: Chicago-based InRule Technology, a platform helping companies automate decision logic, was acquired by private equity firm OpenGate Capital

8/24: Muncie, Indiana-based Ontario Systems, a provider of workflow automation and revenue recovery software, was acquired by private equity firm New Mountain Capital.

8/25: Chicago-based SpotHero, a parking reservation service and app, raised a $50 million Series D from Macquarie Capital, with participation from Union Grove Venture Partners, Global Founders Capital, AutoTech Ventures, and Insight Venture Partners.

8/26: St. Louis-based Capacity, a corporate data search platform, raised a $13.2 million Series B.

8/27: Chicago-based payment tech co. CardX raised $2 million in funding from Pace Financial Group.

8/28: Chicago-based insurance startup Kin Insurance raised $47 million in funding from include Avanta, HSCM Bermuda and UChicago Startup Investment Program.

8/28: - SmartWitness, a Schaumberg, Ill.-based video telematics solutions provider, raised $4 million in funding from First Analysis.

8/29: Highton, Michigan-based Orbion Space Technology, a developer of small satellite propulsion systems, raised a $9.2 million Series A from Material Impact, with participation from Invest Michigan, Invest Detroit, Wakestream Ventures, Ann Arbor Spark and Boomerang Catapult.

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


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