Investment

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Benaissance has been acquired by WEX for $80 million

By SPN Team / October 19, 2015

Omaha-based Benaissance has announced they have been acquired by WEX, a corporate payment solutions provider, for $80 million. The deal is currently awaiting regulatory approval but is expected to close in Q4 of 2015. WEX expects the purchase to be slightly accretive in 2016, according to a press release. Benaissance has had an ongoing relationship with Evolution1, a WEX…

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blooom raises $4 million in Series A, led by QED

By SPN Team / October 16, 2015

Blooom has announced the close of a $4 million Series A round of funding. The round was led by QED Investors, an investor in companies such as Credit Karma, SoFi, Prosper and Braintree. “We’ve seen great growth by word of mouth with very little spent in marketing, and we want to expand quickly,” said Greg Smith, President of…

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Mycroft becomes Kansas'”most successful Kickstarter campaign ever”

By SPN Newsroom / October 9, 2015

Lawrence-based open-source, open-hardware artificial intelligence platform Mycroft raised $127,520 in a 30-day “proof of interest” Kickstarter campaign. Reaching 128 percent of its $99,000 goal makes Mycroft “the most successful Kickstarter campaign ever to come out of Kansas,” according to Chief Technology Officer Ryan Sipes. Mycroft aims to be an affordable alternative to voice-based A.I. systems…

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QA with Mercury Fund’s Blair Garrou on VC funding in “the Middle”

By SPN Team / October 9, 2015

Blair Garrou is the co-founder of Mercury Fund, an early-stage venture capital firm based in Houston, Texas, with an active investment portfolio across the Midwest region. SPN spoke with Garrou over the phone. SPN: As Mercury Fund, what’s attractive about companies in the Midwest? BG: Our core strategy is really investing in companies that aren’t on the coast. We…

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eDepoze secures $2.8 million in seed financing

By SPN Newsroom / October 6, 2015

A Lawrence-based legal software platform, announced $2.8 million in seed financing last week with Nova Partners, LLC of Kansas City, as the lead investor. eDepoze, which allows for secure document upload and sharing tailored to the litigation process, “will use the funds to continue expansion of its litigation software platform, grow its base of law firm…

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C2FO’s $40 million raise will go to global expansion [Updated]

By Rod Armstrong / September 17, 2015

The 2008 recession disrupted many industries in ways still being felt today. A Fairway, Kansas, company has seized this opportunity to create a marketplace for working capital with $5.4 billion in capital flow during Q2 2015. Prior to the Great Recession, suppliers found it a lot easier to obtain working capital from financial institutions at a reasonable…

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MetaCommunications closes $8 million in Series A, led by Next Level Ventures

By SPN Team / September 10, 2015

MetaCommunications, an Iowa City-based software company, has announced they have raised $8 million at the close of their Series A, led by Next Level Ventures, a Des Moines based venture capital fund. MetaCommunications was founded in 1997 to provide workflow automation software for marketing and creative teams. Today their products include Workgroups DaVinci, Approval Manager and ProofMe. Some of…

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How Edge Up Sports blew past their Kickstarter goal

By SPN Team / August 26, 2015

Edge Up Sports CEO and Head Coach Ilya Tabakh wants to make a better fantasy football experience. With more than 117 million NFL fans, why shouldn’t more people be playing fantasy football? After more than 10 years of playing fantasy football and wasting 2-8 hours a week doing research for his team, Tabakh thought there…

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Virtual Incision secures $11.2 million, led by Bluestem Capital

By Rod Armstrong / August 12, 2015

A startup company built from collaborative research efforts at two University of Nebraska campuses has announced it has secured $11.2 million in equity financing. Virtual Incision Corporation received the investment, led by Bluestem Capital of Sioux Falls, South Dakota, with support from existing investors including PrairieGold Venture Partners, also of Sioux Falls. Virtual Incision has…

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