While we’re primarily focused on Chicago’s 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 January. See all Midwest Reports here.
1/3: Leawood, Kansas-based venture capital firm Flyover Capital raised $46 million for its first fund.
1/5: Indianapolis, Indiana-based ClearScholar, a student engagement platform that connects students and institutions to build, retain, and grow lifelong relationships, raised $1.25 million in funding from High Alpha Capital, Elevate Ventures, Butler University, and more
1/5: Indianapolis-based Healthx, Inc., a healthcare technology company, received an investment from growth equity firm JMI Equity.
1/6: Cincinnati-based Belcan, a supplier of engineering and technical recruiting services to the aerospace, industrial and government services industries, acquired Albuquerque-based The Kemtah Group, an IT services management company.
1/6: Detroit-based Compuware Corp., a software company with products aimed at the information technology departments of large businesses, acquired MVS Solutions, a Markham, Canada-based developer of batch automation software. Terms of the deal were not disclosed.
1/9: Indianapolis-based Blue Pillar, a provider of power and energy management services for facilities, raised $10 million in funding from GXP Investments, Elevate Ventures, EnerTech Capital, Allos Ventures, Arsenal Venture Partners, and Claremont Creek Ventures.
1/11: Ann Arbor, Michigan-based FarmLogs, a data science company that provides online crop management software for farmers, raised a $22 million Series C from Naspers Ventures, with participation from Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel, and Y Combinator president Sam Altman.
1/12: Indianapolis-based SmarterHQ, a provider of personalized marketing software, raised $13 million in new VC funding from Spring Lake Equity Partners, with participation from Battery Ventures and Simon Venture Group.
1/17: Sikeston, Mo.-based NewWave Communications, a cable and broadband operator, has been sold to Cable One for $735 million in cash.
1/19: Cleveland-based ViewRay, a developer of radiation therapy technology for the treatment of cancer, raised $26.1 million in private placement. Puissance Capital Management led the infusion, with participation from Acuta Capital Partners, OrbiMed Advisors and Kearny Venture Partners.
1/22: Des Moines, Iowa-based Dwolla, a digital wire transfer service, raised $6.85 million in new funding from Union Square Ventures, Foundry Group, Detroit Venture Partners, High Alpha, Ludlow Ventures and Next Level Ventures.
1/25: Columbia, Missouri-based EquipmentShare, a Columbia, Mo.-based “Airbnb for construction” rentals raised a $26 million Series B funding from Insight Venture Partners, Romulus Capital and Y Combinator.
1/26: Madison, Wisconsin-based Redox, an integration platform for digital healthcare applications, raised a $9 million Series B from RRE Ventures, with participation from return-backers .406 Ventures, HealthX Ventures and Flybridge Capital Partners.
1/27: St. Louis-based Prattle, a provider of sentiment data solutions for research analysts and traders, raised $3.3 million in seed funding from GCM Grosvenor, with participation from Correlation Ventures, NEA and Plug and Play Ventures.
1/27: Highland Hills, Ohio-based CoverMyMeds, a healthcare tech company that creates software to automate the prior authorization process used by some health insurance companies in the US, sold to McKesson Corporation for $1.1 billion.
1/27: Carmel, Indiana-based Performance Assessment Network, a provider of talent management software, sold to to PSI Services, a Burbank, Calif.-based provider of pre-employment testing and certification services.
1/30: Cincinnati-based PAR Excellence Systems, a provider of supply chain management systems for the healthcare industry, raised an undisclosed amount of private equity funding from Northlane Capital Partners.
(Image via Wiki Commons)