Funding Roundup for the Week of November 18th & 25th

This week we are writing a funding roundup that really covers one and ½ weeks to cover Thanksgiving week plus the week previous.  During this time period, Chicago received a disproportionate amount of the funding dollars in the region.  However, Omaha and Oklahoma City both had companies close out fund raising campaigns. Also, the region…

SPN Funding Graphic

This week we are writing a funding roundup that really covers one and ½ weeks to cover Thanksgiving week plus the week previous.  During this time period, Chicago received a disproportionate amount of the funding dollars in the region.  However, Omaha and Oklahoma City both had companies close out fund raising campaigns. Also, the region continues to have a disproportionate amount of dollars flowing into bioscience related technologies.

Large Rounds (10+ million)

Levo Therapeutics – $40 million – Chicago, IL – In addition to receiving substantial venture capital, the FDA has announced that Levo Therapeutics shall receive Fast Track designation for LV-101 (intranasal carbetocin) for the treatment of Prader-Willi syndrome (PWS). https://www.prnewswire.com/news-releases/levo-therapeutics-receives-fast-track-designation-from-fda-for-intranasal-carbetocin-for-the-treatment-of-prader-willi-syndrome-300959646.html

The funding round for Levo raises the company’s valuation to over $140 million.  The round was led by Samsara BioCapital.  Samsara BioCapital is a Silicon Valley based venture fund that specializes in funding drug discovery and biotechnology opportunities.

Medium Rounds ($2-$10 million)

Open Finance Network – $8.6 million – Chicago – Open Finance Network has created a digital trading platform for Ethereum and other tokenized securities.

Stackify – $6.87 million – Kansas City – Silicon Prairie News recently published a story about Stackify. http://siliconprairienews.com/2019/11/kc-based-stackify-is-growing-fast-hiring-too/

Monica & Andy – $6.52 million – Chicago – The company makes organic children’s clothing that can be purchased online.

Vadovations – $5 million – Oklahoma City – The former SBIR recipient provides a miniature heart valve pump that helps push blood through the circulatory system.

Inhabitr – $4 million – Chicago – Inhabitr is an e-commerce company that helps clients rent furniture. https://techcrunch.com/2019/11/20/inhabitr-raises-4-million-to-let-you-rent-furniture/

Loan Ecosystem – $3.8 million – Chicago

FastModel Sports – $2.67 million – Chicago – FastModel sports provides software that provides a variety of tools to big-time athletic teams.  For example, the company recently announced a contract with Notre Dame regarding FastAccess, a new fundraising tool launched by the company.

Upfront Healthcare Services – $2.42 million – Chicago

ExceleraRx – $2 million – Minneapolis – ExceleraRx helps improve the distribution of limited distribution drugs – utilizing a variety of software tools, scale created across geography, and best practices.

GroundBreaker – $2 million – Chicago –  Groundbreaker is a software tool that helps real estate investment companies manage a range of regulatory and compliance issues – including communication, fund raising, and investor management.  https://www.finsmes.com/2019/11/groundbreaker-raises-2m-in-funding.html

Small Rounds (Less than $2 million)

Marblehead Medical – $1.9 million – Rochester – Marblehead provides flow arrest access catheters to help patients suffering from strokes.

Bot Image – $1.4 million – Omaha – http://siliconprairienews.com/2019/08/omaha-based-bot-image-raises-money-on-start-engine/

Wellspring World – $1.31 million – Chicago

BallotReady – $1.05 million – Chicago – a nonpartisan online voter guide that helps educate citizens about elections, particularly those in down ballot races.

Aqua Innovations – $.98 million – Sharon, WI – The company provides wastewater solutions.

Minute Molecular Diagnostics – .8 million – Chicago

Eva Medtec – $.48 million – Minneapolis

Cardia – $.36 million – Minneapolis – Cardia has a device that helps treat patients with congenital heart problems.

Temprian Therapeutics – .28 million – Chicago – Temprian Therapeutics represents another technology that has emerged from the Northwestern technology transfer office.  The company is building treatments for Vitiligo, including a potential drug preparing for clinical trials.  According to their website, Vitiligo is when the body’s T-cells erroneously attack pigment cells in the skin.

Scollar – $.1 million – Kansas City – Scollar is a smart collar tool for dogs. https://fox4kc.com/2019/04/18/smart-collar-tech-firm-leaving-northern-california-bringing-200-jobs-to-kansas-city/

Alive & Well – $.1 million – Milwaukee – gener8tor company – https://www.wisbusiness.com/2019/startups-in-gener8tor-accelerator-studio-to-pitch-next-month/

Altin Labs – $.1 million – Milwaukee – gener8tor company – (see above)

Last Lock – $.1 million – Milwaukee – gener8tor company – (see above)

Cloudux – $.1 million – Milwaukee – gener8tor company – (see above)

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