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Arc Suppression Technologies Raises $2.9 Million In Funding
Arc Suppression Technologies, a Minneapolis-based technology company, announced three weeks ago that it raised $2.9 million in funding from an angel-backed investment. CEO Robert Thorbus and CTO Reinhold Henke founded Arc Suppression Technologies in 2010. After shortly realizing classical arc suppression did not deliver promising results, Thorbus and Henke got to work on contact arc…
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BanQu, a blockchain as a service company in Minnesota, begins fundraising in Minneapolis
BanQu, a blockchain as a service company, based in Minneapolis, Minnesota, filed paperwork with the SEC this week. The company provides technology that enables supply chain transparency, traceability, and efficiency through non-crypto blockchain technology. The technology specifically targets providing awareness to first world countries that have supply chains in third world locales. By building a…
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Madison-based Abodo raises round
Adobo, a Madison, Wisconsin-based startup, raised $3.6 million in early stage venture series B funding last month from undisclosed investors. Abodo identifies apartments for users to rent in and around popular areas. One of its tools enables searches for affordable off-campus apartments near popular colleges, such as Ohio State University, the University of Minnesota, and…
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Vigilant Aerospace has received debt financing
Vigilant Aerospace, based in Oklahoma, has received $1.59 million in debt financing, according to the company’s SEC filings in late May. The financing is from a variety of angels – including, according to Pitchbook, the Cowboy Technology Angels, Tonic Fund, Kluz Ventures, and Lubbock Angel Network. The company is a developer of a software tool…
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Polco completes another round of funding
Online civics engagement start-up Polco closed a $1.7M round of equity funding on April 19, 2019. Though based in Madison, Wisconsin, Polco, short for Policy Confluence, Inc. was launched through the Bryan, Texas-based Seed Sumo accelerator in 2015. The company provides a communication platform that encourages community leaders to engage with the residents they serve…
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ClickSWITCH builds new payments system, receives funding
ClickSWITCH, a Minneapolis based financial payments company, has announced that they had secured $13 million Series B Funding. This round was led by Commerce Ventures and Point72 Ventures. ClickSWITCH provides a white-labeled product that helps new and existing bank customers simplify and automate direct deposits and recurring payments. Banks are excited about this technology because…
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Medical device start-up Simergent completes seed round
Launched through the Chicago-based health-tech incubator Matter, medical device start-up, Simergent, LLC, recently closed a $2.835M round of seed funding on April 18. Led by Oklahoma-based i2E, Inc. with an investment of $1.475 million, the round also included contributions from the Oklahoma Seed Capital Fund for $750,000, the Oklahoma Angel Fund for $500,000 and the…
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Coralville-based Handrail raises funds and adds IBM VP of Design to Board of Directors
Handrail filed paperwork in early April with the SEC identifying $800k worth of commitments to a larger raise. Handrail is a company that focuses on user experience research. The website boasts that the company provides an end-to-end collaborative research and insights platform. Specific examples of how teams use Handrail include the ability to collaboratively plan,…
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Roche Spin-off Nimble Therapeutics raises Series A financing
Drug discovery company, Nimble Therapeutics, Inc. based in Madison, Wisconsin secured $10 million in equity funding directed by San Francisco-based venture capital firm, Telegraph Hill Partners on April 30. Nimble Therapeutics spun out of Swiss-based F. Hoffman La Roche as an independent entity to facilitate the expansion of a unique chemical synthesis technology that Roche…
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Lincoln-based BasicBlock continues expansion and evolution
In a recent Facebook post, Taylor Monks, the CEO of BasicBlock, revealed that the company had received angel investment from world-famous angel investor, Jason Calacanis. This investment comes on the heels of BasicBlock receiving a Lincoln Launch grant. These fundings and the inherent support are signals of the significant growth and evolution of BasicBlock…