The St. Louis region created the $5 million “Spirit of St. Louis Fund” to address the seed-funding gap, according to a story Wednesday on siliconprairienews.com.
According to the story, the St. Louis Regional Chamber of Commerce, Cultivation Capital and Twain Financial Partners along with several of the region’s banks created the fund. The Spirit of St. Louis Fund isn’t the first investment the Regional Chamber has made directly into the St. Louis startup ecosystem. The organization has put more than $1 million in capital into several area funds and accelerators.
According to the story, those investments have resulted in nearly $100 million in follow-up capital and the creation of more than 600 jobs.
What else happened
Wise Apple—a direct-to-consumer meal delivery service—based in Chicago, raised $3.6 million in seed funding. Pritzker Group Venture Capital and Levy Family Partners led the round and were joined by investors including Chicago Ventures, Greycroft, BoxGroup and Irish Angels. – BuiltinChicago.org
STEAM labs and art gallery to share space in Bettendorf – QCtimes.com
Reports of Rockwell Collins acquisition continue – TheGazette.com
WATCH: Main Frame studios in Des Moines prepares for its opening – Mainframe Studios
CHT Group acquired ICM Silicones Group, a Cassopolis, Mich.-based maker of specialty silicone materials. The sellers were Century Park Capital Partners and Akoya Capital Partners. Financial terms weren’t disclosed. – Businesswire.com
eSports isn’t just for jocks – StartlandNews.com