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FactoryFix raises $1.5 million
FactoryFix, headquartered in Madison, WI has raised $1.5 million through convertible debt and a series of seed rounds. The December 1, 2018 deal was led by Capital Midwest Fund with other undisclosed investors participating. FactoryFix plans to use the funds to expand its team. The company, founded in 2015, provides a data-driven platform designed to…
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Dispatch lands $7.22 million in venture funding
Bloomington, MN startup Dispatch closed a $7.22 million Series A venture deal with Great North Labs, Hyde Park Angels, Revolution, and other undisclosed investors on December 19, 2018. Trinity Private Equity Group also participated in the round. The investment will help the company expand its market reach and build out the team. Dispatch is a…
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Summersalt closes $6.1 million deal and continues to scale
“Relatable, wearable, and sexy on our own terms.” When St. Louis-based startup founders Lori Coulter and Reshma Chattaram Chamberlin met over lunch in June 2016, they did not immediately envision or even discuss the possibility of starting a company together. Nonetheless, the co-founders launched their eco-friendly designer swimwear brand Summersalt on May 23, 2017, and…
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Trala raises $1.29 million in seed funding
Chicago based Trala, founded in 2016, raised $1.26 million in seed funding from Origin Ventures, Techstars, LinkedIn CEO Jeff Weiner, Luis Von Ahn (CEO at language-learning app Duolingo), Bob Meese (VP of Business at Duolingo) and Severin Hacker (CTO at Duolingo), on December 12. The company offers a music education application designed to teach users…
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Reflection Sciences raises angel funding
Reflection Sciences, based in Saint Paul, MN, and founded in 2014 raised $775,000 in angel funding from undisclosed investors on December 3. The educational software provides an executive function skills training platform. Executive function is a term used to describe cognitive skill development associated with planning, organization, time management, and sustained attention. Issues with executive…
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Clever Real Estate raises $1.5M for nationwide expansion of tech platform
Clever Real Estate has successfully closed a bridge funding round of $1,000,000, bringing the St. Louis startup’s total financing up to $1.5 Million. The bridge round was led by Cultivation Capital through its Spirit of St. Louis Fund, seven months after Clever’s first $500,000 seed round in April 2018. “Almost all of Clever’s original investors…
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Columbus-based Ikove debuts $10M Startup Nursery Fund
Ikove Venture Partners, a Midwest venture development company that commercializes early-stage technologies, announced on Thursday its first venture development fund, the Startup Nursery (SUN) Fund. The $10 million vehicle will be used to launch 10 to 15 early-stage technology companies through its proprietary Startup Nursery. Ikove’s venture development model identifies and cultivates cutting-edge technologies at leading research institutions,…
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G2 Crowd makes first acquisition following $100M in funding
Chicago-based G2 Crowd recently announced the acquisition of Siftery, the group’s first acquisition following a recently raised $100 million in total funding. G2 Crowd, whose also recently announced a $55M Series C round, is revolutionizing the way businesses discover, buy, and manage software and services. More than two million users per month rely on G2 Crowd…
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Gravy closes $2 million deal
MADISON, WI – Gravy, a provider of an online shopping game platform has raised $2 million in Series III seed venture funding from Rock River Capital Partners and Magic Stone Alternative Investment. The December 7 deal positions the Madison-based company for increased growth and scale. The company’s gaming platform is a live shopping game show…
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New Allianz Life Ventures and SixThirty partnership focuses on FinTech and InsurTech innovation
Earlier this month, Allianz Life Ventures, part of Allianz Life Insurance Company of North America, announced a strategic partnership with SixThirty, a St. Louis-based venture fund that specializes in investing in and scaling up FinTech and InsurTech startups. The new, multi-year, partnership will help support innovative financial technology (FinTech) and insurance technology (InsurTech) startups, and…