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Funding Update for the week of October 14

Chicago had another strong week.  Overall the Silicon Prairie more than one hundred million in fundings this month, including some large rounds in Chicago and in biotechnology. Large Rounds (10m+) Apervita – Chicago – $22.56 million – Apervita is a healthcare technology company that provides health insights using machine learning and artificial intelligence. The company…

Funding Report Graphic

Chicago had another strong week.  Overall the Silicon Prairie more than one hundred million in fundings this month, including some large rounds in Chicago and in biotechnology.

Large Rounds (10m+)

Apervita – Chicago – $22.56 million – Apervita is a healthcare technology company that provides health insights using machine learning and artificial intelligence. The company uses medical records and other tools to identify trends and other types of analysis for payers and providers.  https://pitchbook.com/profiles/company/87241-51

Medium Rounds ($2-10mm)

Remote Year – Chicago – $5 million – Remote Year provides a year long experience to executives to work for a year while traveling the world.  The basic structure is that the executive works inside of a cohort, paying Remote Year to coordinate travel and experiences, while continuing to work for their company.  The company has raised $17 million total.  This latest round included Lightbank and Highland Capital Partners. https://www.pehub.com/2019/10/work-travel-platform-remote-year-lands-5-mln/

Ryvit – St. Louis – $3.5 million – The company has built a marketplace for construction technology.  Specifically, the company helps to streamline workflow, eliminating duplicate information entry into ERP and financial accounting software.  The most recent funding included Dreampact Ventures. https://markets.businessinsider.com/news/stocks/ryvit-closes-3-5-million-seed-funding-round-to-help-construction-companies-improve-efficiencies-1028619245

Mycroft AI – Kansas City – $2.34 million

Small Rounds

Grand Farm – Fargo – $1.5 million – Grand Farm is a program to build a fully autonomously operating farm near Fargo.  It is strongly supported by Microsoft and run by Emerging Prairie, an ecosystem building organization in Fargo.  Check it out at http://grandfarm.com/.  Here is a press release announcing the partnership – https://www.agweek.com/business/agriculture/4670884-microsoft-puts-15-million-rrvs-grand-farm-experiment

SalonInteractive – Chicago – $1.25 million

Rentgrata – Chicago – $1 million – Rentgrata recently closed a $1 million round, led by M25.  https://www.finsmes.com/2019/10/rentgrata-raises-1m-in-funding.html

rMarkBio – Chicago – $1 million – press release excerpt from recent funding: “”We appreciate that investors recognize our unique value proposition. Our ability to help accelerate innovation, especially in highly complex life sciences fields such as therapeutic development, by effectively analyzing and aligning internal and external data with their business strategies, means we help them bring their data to life for the ultimate benefit of patients,” said Jason M. Smith, rMark Bio co-founder and CEO. “This vital funding ensures we are able to expand our ability to bring our end-to-end intelligence solutions to companies that want to harness the transformative power of their data but struggle with how to make it a reality.”

PureCycle Technology – Chicago – $.35 million

Dream Capsule – Minneapolis – $.23 million – Company has a necklace that includes a way to hold a small scroll for important memories or information.  Check out their website at dreamcapsule.com.

Tallyfy – St. Louis – $.15 million

Parafin Technology – Chicago – $.13 million

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