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 December. See all Midwest Reports here.
12/2: Versare Solutions, a provider of workstations, privacy screens and room partitions, was acquired by private equity firm WILsquare Capital. Terms of the deal were not disclosed
12/3: Indianapolis-based Boardable, an online board management platform, closed a $3 million seed round from High Alpha Capital, along with VisionTech and Collina Ventures. After raising $1 million earlier in the winter, the company announced that it will use the new investment to accelerate its mission of increasing board member engagement for nonprofits. Boardable plans to accelerate the growth of its team, adding product options and increasing marketing efforts, and plans to double full-time employees at the company by the end of 2020.
12/6: Ann Arbor-based May Mobility, an operator of autonomous shuttle services, raised a $50 million Series B from Toyota.
12/7: Twin Cities-based Scantron Corporation, a provider of comprehensive assessment and technology solutions, was acquired by investment firm Transom Capital Group. Terms of the deal were not disclosed.
12/11: Chicago-based venture capital firm Hyde Park Venture Partners raised $100 million for its third fund.
12/12: Chicago-based Sprout Social, a social media management platform,filed to go public, making it just the second Chicago tech company to file for an IPO since Grubhub went public five years ago. The company, founded in 2010, said in an S-1 filing with the Securities and Exchange Commission that it expects to raise $100 million, though that number is typically used as a placeholder and is likely to change. Sprout says it has more than 23,000 customers across 100 countries. It did $44.8 million in revenue in 2017 and $78.8 million in 2018. Through Sept. 30 of 2019, Sprout reported $74.6 million in revenue.
12/16: Chicago-based data science consultancy Clarity Insights was acquired by Accenture. Terms of the deal were not disclosed.
12/17: Minneapolis-based health insurance startup Bright Health raised $635 million in funding from NEA, with participation from Bessemer Venture Partners, Cross Creek Advisors, Declaration Partners, Flare Capital Partners, Greenspring Associates, Meritech Capital, Redpoint Ventures and Town Hall Ventures.
12/17: Mason, Ohio-based VNDLY, a cloud-based work management system, raised a $35 million Series B from Insight Partners, with participation from Battery Ventures, Hyde Park Venture Partners, EPIC Ventures, Bowery Capital, the Cintrifuse Syndicate Fund and ServiceNow.
12/17: Chicago-based LogicGate, an agile process automation platform, raised $24.75 million in funding from Jump Capital and High Alpha Capital, with participation from Greenspring Associates and Silicon Valley Bank.
12/17: Novi, Michigan-based Fortis Payment Systems, a payments technology and merchant services provider, received an investment from private equity firm Lovell Minnick Partners. Terms of the deal were not disclosed.
12/17: Columbus-based venture capital firm Rev1 Ventures raised $15 million for its second fund, Rev1 Catalyst Fund II.
12/20: St. Louis-based Summersalt, a direct-to-consumer swimwear company, raised a $17.3 million round of funding from Mercato Partners.
(Data culled from Inno reporting, Fortune’s Term Sheet newsletter, Axios’ Pro Rata newsletter, SEC filings and more)
