FUELING THE FUTURE: Oracle comes to Nashville | $100M in WI to advance startups
- NASHVILLE, TN—Oracle Corp. paid $253.7 million for more than 65 acres of East Bank land in Nashville, where it plans to put an 8,500-job tech hub. This is one of the largest commercial real estate transactions in the city’s history.
- NASHVILLE, TN—More things are happening in Music City: VendEngine Inc., which makes a cloud-based tech system that handles tasks at jails in 32 states, has been acquired for $84 million by Tyler Technologies Inc., a $1.12 billion-a-year member of the S&P 500 headquartered in the Dallas area.
- ST. LOUIS, MO—Elemental Enzymes has inked a multi-year licensing agreement with Wilmington, Delaware-based Corteva Agriscience. Corteva will get the exclusive license for Elemental Enzyme’s WaterFlux technology, which aids crops in fighting adverse conditions.
- DETROIT, MI—Airspace Link, a company that works with local government to expand drone innovation, has raised $10 million in Series A funding to expand domestically and overseas.
- KANSAS CITY, MO—Solutions and training company SnapIT Solutions has expanded its customer footprint into government solutions with the acquisition of minority- and woman-owned tech company A.S.K. Associates.
- MINNEAPOLIS, MN—Fintech startup Live.Give.Save has been acquired by Reseda Group, which is owned by the Michigan State University Federal Credit Union. With the acquisition, Reseda Group will form a new company called Spave LLC, named after Live.Give.Save’s flagship app.
- WISCONSIN—Gov. Tony Evers announced a proposal to invest $100 million in a venture capital fund of funds to advance young companies and the startup economy in Wisconsin.