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ClickSWITCH builds new payments system, receives funding

By SPN Team / May 20, 2019

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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Tractor Zoom bridges farmers and machinery auctioneers

By Laura Neesen / May 14, 2019

Tractor Zoom is the creator of a platform designed to digitally connect farmers with equipment auctioneers across North America. Founder Kyle McMahon grew up in Fairfield, a small ag community in southeast Iowa. His work ethic and love for equipment led him to start a lawn and landscaping business. He sold the business to fund…

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What is machine as a service?  Ask Milwaukee-based SteamChain

By SPN Team / April 29, 2019

Milwaukee based startup SteamChain recently raised capital for a new concept called Machine-as-a-Service (“MaaS”). MaaS is a new idea of selling industrial machines based on performance metrics collected from the machine. Basically, MaaS is a combination of technologies that allow payments and contracts to be tied to the actual performance of a machine – rather…

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Hidrate Inc. completes angel round

By SPN Team / April 25, 2019

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

By SPN Team / April 22, 2019

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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gener8tor is powering Midwest innovation

By SPN Team / April 9, 2019

gener8tor is no longer just a top tier accelerator hidden away in Wisconsin. gener8tor’s mission is to be the best partner for a community to invest in its best and brightest. gener8tor is proving this mission through its success around the SPN region – growing more multiple programs in communities throughout the Midwest. The company…

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OpsCompass closes early stage round

By SPN Team / March 26, 2019

OpsCompass announced this week its receipt of $1.5 million in an early stage equity deal. Dundee Venture Capital, M25, Invest Nebraska, Nelnet, and the Nebraska Angels participated in the round. OpsCompass is a subscription service business that helps enterprises migrate workload to the public cloud. Specifically, the company has compliance, governance, operations, and cost features…

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Nebraska’s OpsCompass on the move

By SPN Team / February 5, 2019

Omaha-based OpsCompass continues its gains and growth in 2019 at a steady clip. Following its acquisition of Agape Red and the successful launch of its flagship cloud governance product HELM in 2018, the company immediately went to work on its new HELM Compliance Module for the healthcare industry. The module will help clients manage their…

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New companies and an accelerator are tackling transportation and logistics in the Silicon Prairie

By SPN Team / December 10, 2018

Virtually every community in the Silicon Prairie advertises that it is in the middle of the country, and thus it is a good location for transportation, logistics, and warehousing.  It should come as no surprise then, that many regional communities have a significant employment level in transportation and warehousing. According to the United States Cluster…

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