Middle Bit: Minneapolis health care company raises $160 million; Eight KC startups receive funding

Minneapolis-based healthcare company Bright Health announced Thursday it raised $160 million in a Series B funding round, a news release said. 

According to the release, Bright Health will use the funding to support its mission to transform the healthcare system through its Care Partnership model. The company offers its health insurance plans directly to consumers, via broker partners and through public and private health insurance exchanges.

According to startupfreak.com a Series B funding round means the product is being sold in the market and funding is required to scale up.

Tips for elevator pitches

The CEO of an independent advertising agency told Siliconprairienews.com the biggest mistake entrepreneurs make in pitching their startup is they don’t tell a compelling story.

Greg Andersen, the CEO of Bailey Lauerman, did a Q&A with the website and provided some helpful few keys to have successful elevator pitches.

KC startups awarded funding

The Kaufman Foundation awarded $840,000 through the 2016 KC Accelerator Challenge to eight local venture accelerator programs.

According to startlandnews.com Kauffman Foundation CEO Wendy Guillies said in a release that their goal is to increase entrepreneurial success in Kansas City.

“More startups lead to higher productivity, wage growth and quality of life for the entire community,” Guillies said. “We believe the startups are empowered when they connect to established resources.”

Tech to save the piglets

Agfundernews.com reported SwineTech raised $1.3 million to go towards wearable devices for mother pigs that send an impulse when she is crushing a piglet.

SwineTech is an Iowa-based company in New Sharon that works towards automating the farrowing processes in the pork industry.

What else happened…

Iowa

Why does Des Moines have worse afforable housing than Brooklyn? – The Guardian

Immigrants keep an Iowa Meatpacking town alive and growing – The New York Times

Illinois

Farmers may soon be growing industrial hemp – State Journal Register

Obama’s Former Chef & Advisor talks FoodTech and investing – Agnewsfunder.com

Minnesota

Avtex, a provider of Customer Interaction Management Solutions, announce aquisition – Techdotmn

Missouri

Iowa State’s Wiezien named provost and dean of College of Enginnering and Computing at Missouri University – Missouri S&T

Wisconsin

Lab space a key to a start up’s big pay day – Milwaukee Journal Sentinal