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ABPathfinder acquires Ensure Billing, becomes Pathfinder Health Innovations
ABPathfinder has acquired Ensure Billing. The two companies will now operate as Pathfinder Health Innovations. Ann Monahan, the former CEO of Ensure Billing, will take the role as COO of the new company. The merger will bring billing and insurance reimbursement tools to Pathfinder, a cloud-based software platform that helps improve patient outcomes for autism therapy. Once the…
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Drive Spotter secures $750,000 in seed round
Video analytics startup Drive Spotter has announced the completion of a $750,000 seed round, led by Grinnell Mutual Reinsurance. Drive Spotter was founded in 2015 by Chris Augeri and Andrew Prystai. Their platform allows commercial fleet managers to query dash cams and telemetry to prevent accidents. The company is positioning itself to ultimately take advantage…
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C2FO adds Citi Ventures as a strategic investor
Fairway, Kansas based C2FO (Collaborative Cash Flow Optimization), the world’s largest market for working capital, has announced the addition of Citi Ventures to their already expansive group of investors including Temasek, Union Square Ventures, Mithril Capital, Tiger Global, Summerhill Venture Partners and OpenAir Equity Partners. C2FO’s global marketplace allows for the collaboration between buyers and suppliers to…
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ClaimKit raises $1.8 million, led by Flyover Capital
Insurance data analysis startup ClaimKit has secured $1.8 million in funding, according to a press release. The round was led by Flyover Capital, as well as the Mid-America Angels and other unnamed angel investors. “The Flyover team brings a wealth of knowledge to the table and the entrepreneurial mindset that fits well with our team,” said Chris…
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Farmobile raises $5.5 million in Series A
Kansas City-based ag startup Farmobile has announced a raise of $5.5 million in their Series A round. The round was led by Anterra Capital, a venture capital firm based in Amsterdam specializing in food and agriculture innovation. Anterra and Farmobile hope this investment will help make Farmobile the industry standard for farm data. Farmobile was…
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Ecomitize grows after $700,000 funding round
North Platte, Nebraska based tech company Ecomitize announced this month the expansion of their clientele and their number of employees after another successful round of fundraising. The e-commerce solution company founders Chris Blakely and Jacob North are Nebraska natives who set out with the goal to create the most powerful, flexible, complete end-to-end merchant solution in…
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Mercury Fund’s Blair Garrou predicts a “soft landing” for Midwest venture capital as valuations fall
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. In January Mercury Fund will release its first annual report on the state of startups in the middle of the country. SPN caught up with Garrou over the phone to see what readers should expect in…
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ShoeMoney’s PAR Program acquired by GoSocial for $12 million
Global social media marketing company GoSocial has acquired PAR Program for $12 million. PAR Program was founded by Jeremy “ShoeMoney” Schoemaker in late 2012. This is Schoemaker’s 4th company sale in the last 7 years. However, this was the first company in which he acted as CEO over a team, instead of working nearly solo and contracting out work. “This…
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Router Ventures has raised a $1 million fund so far
Router Ventures, a new Midwest venture capital fund led by Jeff Slobotski, has raised a $1 million fund so far, according to their public Form D filing. Although Router Ventures will continue fundraising over the next several months, Slobotski says they are already looking at deals. “We’re up and running,” said Slobotski. “We’re actively looking…
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Benaissance has been acquired by WEX for $80 million
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…