Startups

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Benson Hill Biosystems continues strong fundraising efforts

By Tom Chapman / August 8, 2019

In early August 2019, Benson Hill Biosystems filed documents with the Securities and Exchange Commission that the firm had raised $32 million in incremental funds. This fundraising filing follows a November filing of a $65 million raise, including regional funds – Mercury Fund, iSelect Ventures, and Lewis & Clark Ventures. The company provides a variety…

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Nebraska’s homespun mini surgical robot company inspires support

By Razia Aziz-Seible / August 7, 2019

Virtual Incision Corporation (VIC), founded on the collaborative efforts of two professors in the University of Nebraska ecosystem, has once again secured additional funding for its in vivo surgical robotics platform. On July 3, the company closed $1M in debt financing from Sioux Falls, South Dakota-based investment firms Bluestem Capital Company and Prairie Gold Venture…

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First fundings research report

By Tom Chapman / August 2, 2019

In talking to Jessica Straus, Dundee Venture Capital’s new Venture Partner, it occurred to me that we should write an update on first fundings in what Strauss called the “mighty middle”. This paper describes first fundings.  First fundings are a recordation of companies that raise capital for the first time.  This paper uses Pitchbook data…

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Iowa Economic Development Authority (IEDA) Provides Funds

By Tom Chapman / July 26, 2019

The Iowa Economic Development Authority (“IEDA”) announced that five companies had received demonstration funds from IEDA last week The five companies funded by the IEDA are:  Home Painter received a proof of concept loan of $25,000,  Lender Close received a Propel Loan of $250,000 from the Iowa Acceleration Fund,  MakuSafe received a…

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Minneapolis

Minneapolis-Based Upsie Raise Big Series A Round

By Aidan Chapman / July 26, 2019

Upsie, a tech company that focuses on supplying warranties for various devices based in Minneapolis, Minnesota, received $5 million in Series A Early Stage Venture funding from a group of venture capitalists headed by Silicon-Valley based tech investors, True Ventures, In May.  Upsie provides a consumer-friendly platform for the purchase of affordable warranties. Clarence Bethea, CEO said “We want consumers…

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3E Software Raise Late-Stage VC

By Aidan Chapman / July 23, 2019

In June 2019, 3E Software, a Fayetteville, Arkansas company that simplifies and improves financial systems through the use of their online platform, received $300 thousand in a round of late-stage venture capitalist funding sponsored by Community Bank Investors of America and Cadron Capital Partners.  3E Software provides its financial software through its platform, Teslar. Teslar is based…

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Live Undiscovered Music (LÜM) closes seed funding round

By Aidan Chapman / July 18, 2019

In May, Live Undiscovered Music, or LÜM received $750,000 in seed round funding.  LÜM is a music streaming service that is based in Madison, Wisconsin. This platform is different than Spotify or Pandora because as the name suggests, it features music of artists who are undiscovered.   LÜM’s steaming service is unique because its platform…

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