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Iowa Economic Development Authority (IEDA) Provides Funds
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-Based Upsie Raise Big Series A Round
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
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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Minneapolis based Travel Labs joins Beta.MN and raises $500K
Minneapolis-based Travel Labs joins Beta.MN and raises $500,000. Travel Labs is the creator of an artificial intelligence platform intended to make business travel easier. They are also the creator of a travel application called Tempore, which helps provide business travelers with a reimagined experience. Travel Labs is intended to mimic the role of an executive…
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SimpleRose secures $13 million in funding
SimpleRose Inc., a St. Louis-based company closed a $13 million deal on October 15 with undisclosed investors. The company, founded in 2018 by Xiaolin Gong, Marti Martindale and Carl Ledbetter provides an optimization platform for decision-making. The company’s platform is intended for proliferation of data. The platform enables clients to leverage algorithmic innovation for parallelism,…
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TruMarx closes $7.2 million deal
TruMarx Data Partners, Inc. raised $7.22 million in venture funding in a deal led by HBS Angels Alumni Association on October 25. Cornerstone Angels, Bob Green, Tom Price, and B-Con LP also participated in the round. Chicago-based TruMarx was co-founded in 2007 by Jon Olson, Michael Mackey, Glenn Smart, and Charles Reese. The company delivers…
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VetMeasure raises $1.36 million in angel funding
VetMeasure raised $1.36 million in angel funding from undisclosed investors on October 26. The Ames, Iowa-based company was founded in 2015 by Kevin Maher, and uses Bluetooth technology and a web application to track health and physiological conditions of dogs in real time. The company has developed a dog harness it calls MeasureON! that detects…
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Follow-up report: State Expected Venture Values in the Midwest
Following the publication of our article on Tuesday regarding expected values in cities, Silicon Prairie News received multiple requests for more information. There were three primary questions regarding the data. The first question is where and how did you get this information. Silicon Prairie News and its partner organizations use Pitchbook and FormDs.com to identify…
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Iowa City’s Rantizo lands $500K in seed funding
Iowa City-based Rantizo lands convertible debt funding of $500,000. The company, profiled by Silicon Prairie News in September, is part of the Iowa Startup Accelerator in Cedar Rapids and has developed a unique drone technology that delivers targeted spraying, primarily in agricultural applications. In an article written by Clay & Milk following the induction of the…
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Cedar Rapids-based SwineTech raises a new round for planned expansion
In a recent SEC filing, SwineTech disclosed the raising of a $1.5 million debt round to begin its expansion into other states and countries. The company, based in Cedar Rapids, Iowa, is the provider of unique technologies that facilitate piglet safety during pork production. Using multiple proprietary technologies including acoustics and artificial intelligence algorithms, the…