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September 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 September. See all Midwest Reports here.

9/4: Chicago-based VillageMD, a national provider of primary care, raised a $100 million in Series B from Kinnevik AB, with participation from Oak HC/FT, Town Hall Ventures and Adams Street Partners.

9/4: Burnsville, Minnesota-based 75F, a provider of wireless building automation for commercial buildings, raised an $18 million Series A from Breakthrough Energy Ventures and Climate Initiative, with participation from Building Ventures, Revolution's Rise of the Rest Seed Fund and Clean Energy Trust.

9/5: Chicago-based Fyllo, a provider of marketing software for the cannabis industry, raised a $16 million seed round co-led by JW Asset Management and K2 & Associates.

9/10: Chicago-based VC firm Jump Capital promoted Yelena Shkolnik to principal.

9/10: Chicago-based McDonald’s agreed to buy Palo Alto-based Apprente, a provider of automated conversational tools. Terms of the deal were not disclosed.

9/13: Louisville-based Truman’s, a direct-to-consumer cleaning products company, raised a $5 million seed round from Henkel.

9/13: Chicago-based Forager, a company focused on cross-border logistics, raised a $3.25 million seed round from Chicago Ventures.

9/13: Wisconsin-based MSI Data, a provider of field service management software, received an investment from private equity firm Luminate Capital Partners.

9/16: Kansas City-based Replica, an urban data gathering tool, raised an $11 million Series A from Innovation Endeavors, with participation from Firebrand Ventures and Rise of the Rest.

9/17: Chicago-based Vouch Insurance, an insurance company serving early stage startups, raised a $24.5 million Series A from Ribbit Capital and SVB Financial Group, with participation from Y Combinator, Index Ventures and 500 Startups.

9/23: Columbus-based Bold Penguin, a commercial insurance technology provider, raised a $32 million Series B from Hudson Structured Capital Management, Lightstone, Guggenheim Insurance and Lockton.

9/24: Chicago-based SkinCure Oncology, a provider of treatments of non-melanoma skin care to dermatology patients, raised a $30 million round of funding from Seacoast Capital.

9/26: Cleveland-based Axuall, a global network linking those that attest to facts, those that verify facts, and those that subscribe to factse, raised $3 million in seed financing from JumpStart.

9/30: Indianapolis-based Kenzie Academy, an online and in-person coding school, raised a $7.8 million Series A from ReThink Education, with participation from Revolution’s Rise of the Rest Seed Fund.

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


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