The Middle Bit: Week of April 2

Each week, Clay & Milk will curate a rundown of startup, tech and innovation news from “the middle.” Check back every Friday for that week’s Middle Bit.


Video streaming startup PhenixP2P announced on Monday that it has closed a $3.5 million Series A round of funding. KB Partners led the round, in which all of the startup’s existing investors also participated. built in Chicago

Uptake, led by Groupon founder Brad Keywell, has raised $50 million in additional funding. The new funding brings Uptake’s latest round to $90 million and adds to the $40 million the company announced in February from Revolution Growth. ChicagoInno


The Iowa Credit Union League has sold its majority interest in its Clive-based payments processing company, TMG, to CO-OP Financial Services for $100 million. Business Record

Aging 2.0, a global innovation platform on a mission to accelerate innovate to improve the lives of older adults around the world, is coming to Cedar Rapids on April 12 to highlight the startups focused on the aging population. NewBoCo

The Des Moines-based Global Insurance Accelerator has received the DuPont Pioneer innovationLEADER of the Year Award. Business Record

GoDaddy, the internet domain hosting company announced it is launching GoCommunities, a program to match people starting businesses with tools to help them do so, rolling out the program first in Cedar Rapids. The Gazette


SixThirty, the local business accelerator for tech startups in the financial services sector, has announced five new portfolio companies. St. Louis Business Journal

The Sprint Accelerator announced Monday the seven startups from around the country that it welcomed into its fourth annual program. Startland News


Facebook announced plans to build a massive data center south of Papillion. Omaha World Herald