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Madison-based startup Redox closes huge deal
Redox announced April 17 that it has closed a $33 million Series C funding round in a deal led by global investment firm Battery Ventures. Existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures participated in the round. Crunchbase estimates that Redox has now raised approximately $50 million in venture investment. Redox, founded in…
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Hidrate Inc. completes angel round
Smart water bottle company Hidrate, based in Minneapolis, raised $700,000 in convertible debt and option financing from undisclosed investors on April 15. This round of angel funding brings the company’s total raise to nearly $3 million since its founding in 2014. The company’s Kickstarter campaign raised over $600,000, and the company produced 17,000 bottles within…
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KC-based BacklotCars raises $25 million
On April 15, BacklotCars of Kansas City, Missouri announced a $25 million Series B raise. BacklotCars cars has raised more than $38 million since inception. BacklotCars provides an online mechanism for wholesale car buyers to purchase cars without going to physical locations for auctions. The company has built tools for inspections – both physical and…
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Milwaukee-based Bright Cellars raises next round
Bright Cellars has raised a new round of funding. Bright Cellars is a subscription wine club that prides itself on matching individual wine drinkers with wine that they will love. They do this by providing an online assessment that helps wine drinkers discover their own preferences in wine to ensure that their monthly subscription delivers…
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Fargo based c2renew raises round
On March 28, c2renew announced that it raised $150k from undisclosed investors. This fundraising was done in the form of SAFE notes (simple agreement for future equity). The company helps clients build custom bio-composite materials for their applications. For example, the company works with locally sourced waste in Fargo to make “stuff”. On the company’s…
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Kansas City-based PayIt raises $100 million plus from Insight Partners
On March 28, Kansas City-based PayIt announced that they had reached terms to infuse $100 million of new capital into their company. This round was led by Ryan Hinkle of Insight Partners’ New York City office. PayIt uses a proprietary, patent-pending payment platform to simplify paying government entities. The goal of the platform is to…
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Redlyst raises $250k
On April 4, Redlyst, a St. Louis security software company reported raising $250,000 from undisclosed investors. Redlyst provides enhanced situational awareness for a variety of organizations. Using state of the art and patented techniques, Redlyst provides facial recognition software and threat tracking technology to help its clients identify threats and respond accordingly. Redlyst is built…
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Inanovate proving that bioscience lives in Sioux Falls
Inanovate raised more than three million dollars in mid-February to continue its efforts to build better tools for identifying genetic markers with smaller blood samples. Inanovate is a hardware device that sits on a table top. This device takes small sample sizes (usually blood) and puts them through the proprietary testing elements. It is fast…
