Middle Bit: Over $100 million in new Midwest venture deals this week

Midwest Investment Photo courtesy of Creative Commons.

Over $100 million in new venture deals for Midwestern companies were announced this week.

Uptake—a Chicago-based predictive analytics software provider—secured $117 million in Series D funding, according to a story Thursday on finsmes.com

And on Wednesday, finsmes.com reported Revel—a Minneapolis-based health engagement company—secured a $17 million growth equity investment.

Uptake will use the funds to accelerate its global expansion in key industries; Revel will expand into target markets and advance the innovation and technology development at Revel Connect, according to Finsmes.com.

Kinosol receives $17,000 grant

The Dennis Byrne’s Endowment awarded a $17,000 grant to Ames-based Kinosol, the company announced Thursday.

According to a press release Thursday, the grant is due to a fund left by Dennis Byrne, who was a member of the Collegiate United Methodist Church in Ames.

Byrne died in 2013 and left $1.1 million to be used for mission work, with a focus on international efforts.

Kinosol will use the funds to deliver 100 KinosSol Orendas to KKOVC—their partner in Rukungiri, Uganda; Delivery will begin this month.

KKOVC is an organization that works to improve the welfare of the people of Uganda by providing modern farming through free workshops and training.

What else happened…

Colorado

Denver’s tech job and office rent increases slower than most of top 30 markets – The Denver Post

Cannabis Tech Partnership: Massroots, Tech Frontier team up on consumer data – The Denver Post

Minnesota

A shift in Minnesota workplaces – TCBmag.com

Missouri

Document: Techstars raising a $400 million startup fund – StartlandNews.com

St. Louis’ high-growth companies – St. Louis Post Dispatch

KC based SMG drives market research innovation with open-minded culture – SPN

Nebraska

Can Omaha be the most women-friendly tech community in the US? – SPN

Wisconsin

Automation could kill 73 million jobs by 2030 – Jsonline.com