Fueling the Future: $25M for the “Mighty Middle”, Northeast Ohio gets a boost, & MedTech
- Omaha-based VC firm Dundee Venture Capital closed on a more than $25 million round to be used toward its goal of fueling early stage tech startups throughout the Midwest.
- Ohio’s Third Frontier program announced a $46 million investment in 100 small companies, helping establish Northeast Ohio as a high-tech and health innovation hub.
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Louisville, KY-based Appriss Health, a leader in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, has acquired PatientPing.
- Minneapolis-based Gravie, a defined contribution healthcare company, has raised $28 million in Series D financing led by AXA Venture Partners.
- With some strategic assistance from Innovation Works, Pittsburgh’s main nonprofit, early-stage investor for startups, $372 million was invested in Pittsburgh tech startups this year
- St. Louis VC firm RiverVest Venture Partners closed on of its RiverVest Venture Fund V, with $275 million of capital commitments to continue investing in high-impact biopharma and medical device innovation.
- Demonstrating the role that higher education and the state can play in building tech-based economic development in rural communities, Ohio University-supported Stirling Ultracold has been acquired by publicly traded BioLife Solutions.