Fyllo raises a $40M Series C
Fyllo raises a $40M Series C
Plus language modeling in Columbus, fraud detection in Montana, and more...
Welcome to Excoastal, a newsletter covering deals, startups, venture capital, and more from Chicago to Boulder, Detroit to Columbus, and beyond. I’m Evan Lonergan, a native Midwesterner.
You can connect with me on Twitter @evanjlonergan, on Medium, and send deals/jobs/intel to evanlon92@gmail.com
What’s New
Excoastal Stats 📊
Last Week’s Open Rate: 36%
Last Week’s Views: 191
ICYMI: the Excoastal Investors Airtable sheet:
Midwest Venture Capital Firms and Angels
Venture Capital Deals
📍 Chicago
Fyllo, a provider of compliance SaaS for highly-regulated industries, raised $40 million in Series C funding. Eminence Capital led, joined by Longview Capital Advisors and ArrowMark Partners.
GeoWealth, an asset management program for advisers, raised $19 million in a Series B round of funding. Kayne Partners led, joined by insider JPMorgan Asset Management.
FingerprintJS, a browser-based fingerprinting service raised $32 million in Series B funding. Craft Ventures led, joined by Nexus Venture Partners and Uncorrelated Ventures.
Threekit, a 3D visual commerce platform, raised a $35 million Series B round. Leaders Fund led, joined by ServiceNow, Capgemini, Salesforce, and Shasta Ventures.
📍 Ohio
Mantium, a Columbus-based language modeling startup, raised $12.8 million in seed funding. Drive Capital and Top Harvest co-led.
📍 Minnesota
Minneapolis-based When I Work, a messaging platform for hourly workers, raised $200 million from Bain Capital.
Flywheel, the Minneapolis-based data management platform for biomedical research and collaboration, raised an additional $5.5 million in Series C funding from Intuitive Ventures.
📍 Nashville
Mployer Advisor, a platform for employers to research insurance brokers, raised $1.6 million in funding from Martin Ventures.
📍 Denver/Boulder
Whimsical, a Denver-based collaboration tech company, raised $30 million in Series A funding. Accel led, joined by Basis Set Ventures.
Hakkoda, a Boulder-based firm specializing in Snowflake, raised $5.6 million in funding led by Tercera.
Assignar, a Denver-based construction operations company, raised $16.5 million from secondaries. Tiger Global led, joined by SecondQuarter Ventures.
📍 Silicon Slopes
Videra Health, an Orem-based patient monitoring video platform for behavioral health, raised $3 million in seed funding. Peterson Ventures led, joined by Rose Park Advisors and OATV.
📍 Montana
Neuro-ID, a Whitefish-based fraud detection company, raised $35 million in Series B funding. Canapi Ventures led, joined by Fin VC and TTV Capital.
📍 Texas
Yotta Energy, an Austin-based energy storage startup, raised $13 million. WIND Ventures led, joined by Doral Energy-Tech Ventures, Riverstone Ventures,EDP Ventures, and SWAN Impact Network.
BrainCheck, a Houston-based cognitive healthcare platform for physicians, raised $10 million in Series B funding. Next Coast Ventures and S3 Ventures co-led the round, joined by Nueterra Capital, Tensility Ventures, and True Wealth Ventures.
Seasoned, an Austin-based hiring platform and network for restaurant workers, raised $18.7 million in Series A funding. Horizons Ventures led, joined by TPG Growth.
Austin-based ZenBusiness raised $200 million in Series C funding at a valuation of $1.7 billion. Oak HC/FT led, joined by SoftBank Vision Fund 2, Cathay Innovation, and Greycroft.
Ladder, an Austin-based maker of a strength training app, raised $6.5 million in seed funding. LivWell Ventures led, joined by Keller Capital.
📍 Arizona
Mosaic Building Group, a Phoenix-based construction tech platform for the residential development industry, raised a $44 million Series B. Investors included Peak State Ventures, Andreessen Horowitz, Founders Fund, Innovation Endeavors, and Building Ventures.
Moov, a Tempe-based marketplace for used manufacturing equipment, raised $41 million in Series A funding. Tiger Global led, with Valor Equity Partners and Avenir Growth Fund also participating.
Private Equity Deals
A group of investors led by Archimedes Health Investors invested $65 million in M2 Orthopedics, a Boulder-based practice management software maker.
Hg invested in Litera, a Chicago-based provider of legal technology solutions.
Zenwork, an Arkansas-based provider of tax and regulatory compliance software, raised $162.5 million from Spectrum Equity.
Blackstone invested in Renaissance, a Wisconsin Rapids-basd pre-K edtech company.
M&A
ServiceMax will acquire LiquidFrameworks, a Houston-based field-services software maker.
New Funds
Vitalize VC, a Chicago-based seed firm, is raising $50 million for a second fund.
Incline Equity Partners of Pittsburgh is raising up to $500 million for its second lower mid-market buyout fund.
Startup/VC Twitter
Podcast Addiction
Culture Break
📚Read- Hero of Two Worlds by Mike Duncan
🎬Watch- Nothing new here this week (still watching Succession)
🎧Listen-
🧐Think- The Bad Guys are Winning
If you like Excoastal and want to help it grow, please share this newsletter with your colleagues, followers, and friends. If you hate it, then send it to your enemies. Have a great week!