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 June. See all past Midwest Reports here.
6/5: Schaumberg, Illinois-based Convergint Technologies completed its previously-announced purchase of Cincinnati-based Post Browning, a systems integrator of security and transaction solutions for financial institutions. Terms of the deal were not disclosed.
6/6: Columbus-based Wiretap, an enterprise security and collaboration solutions provider, raised $4.85 million in funding from Draper Triangle Ventures and the Ohio Innovation Fund, with participation from JumpStart and Rev1 Ventures.
6/6: Indianapolis-based Quantifi, a digital advertising R&D platform, raised a $2.3 million seed round from High Alpha Capital and Router Ventures.
6/6: Ann Arbor, Michigan-based Court Innovations, an online court case resolution platform, raised over $1.8 million from the BELLE Michigan Fund, with participation from Northern Michigan Angels, Michigan Angel Fund and the student-led Social Venture Fund at the University of Michigan.
6/6: Greenwich, Connecticut-based financial investment firm Kidd & Company created Chesterfield, Missouri-based Logistyx Technologies, a logistics software platform, by merging a variety of software solution providers, including Advanced Distribution Solutions, Agile Network, and Pantechnik International. Financial terms of the deal were not disclosed.
6/15: Indianapolis-based Torchlite, a gig economy startup for freelance marketers, raised $2 million, bringing its total funding to $4 million.
6/20: Cincinnati-based private equity and venture capital firm Fort Washington Capital Partners Group raised $350 million for its ninth private equity-fund-of-funds.
6/22: Fishers, Indiana-based Fuzic, a marketing tech startup with custom audio messages and licensed music for businesses, raised a $3 million seed round from High Alpha, Allos Ventures and Hyde Park Venture Partners.
6/23: Milwaukee-based ARI Network Services, a provider of SaaS sales tools for equipment manufacturers, distributors and dealers has been acquired by investment firm True Wind Capital. The deal is valued at around $140 million in cash.
6/26: New Brighton, Minnesota-based Calyxt, an agtech company focused on developing gene-edited crop traits, filed for a $50 million IPO. Credit Suisse and Jefferies are serving as co-lead underwriters for the company.
6/28: Cincinnati-based PatientPoint, an exam room education display program provider, raised $140 million in funding from Searchlight Capital Partners and Silver Point Capital.
6/29: Cincinnati-based Astronomer, a data engineering platform, raised $3.5 million in funding from Wireframe Ventures, CincyTech, Frontline Ventures, Grand Ventures, Drummond Road, Core Network, M25 Group, and Silicon Valley Bank.
6/30: Ann Arbor-based Swift Biosciences, a provider of library prep solutions for genomic sequencing, raised a $12.2 million Series D from Arboretum Ventures.
(Image via Wiki Commons)