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.
Excoastal Stats 📊
Last Week’s Open Rate: 61% 📈
Last Week’s Views: 221 📈
ICYMI: the updated the Excoastal Investors Airtable sheet:
Now to the good stuff…
Venture Capital Deals
Columbus-based Aver, which provides bundled healthcare payment solutions has collected a $27 million Series C led by Cox Enterprises, with participation from Drive Capital, Heritage Group, Hearst Ventures and NCT Ventures. The Columbus, Ohio-based business provides bundled healthcare payment solutions.
Essential Accessibility, a Toronto-based provider of web accessibility-as-a-service, raised C$16 million led by Lead Edge Capital. Axios
Xanadu, a Toronto-based quantum computing startup, raised $4.4 million (Canadian) from Sustainable Development Technology Canada.
Arpeggio Bio, a Boulder-based developer of RNA-profiling tech, raised $3.2 million seed funding from Khosla Ventures, FundersClub, Fifty Years, TechU, and YC. Axios
Health Scholars, a Westminster, CO-based provider of VR simulations for clinical healthcare training, raised $17 million from Arboretum Ventures, Venture Investors, Capital Midwest Fund, and OSF HealthCare. Axios
Denver-based Rebound Technologies, a maker of vapor alternative compression cooling systems that are, raised $5 million in Series A funding co-led by Clean Energy Ventures and Skyview Ventures and joined by Autodesk Foundation.
Private Equity Deals
AFV Partners acquired Aircraft Performance Group, a Castle Rock, CO-based provider of flight operations software to business and charter aviators, from Liberty Hall Capital Partners. Axios
Harvest Partners invested in MRI Software, a Solon, Ohio-based provider of real estate management software. Existing backers include TA Associates (which is reinvesting) and GI Partners. Axios
Anixter International, an Illinois-based provider of enterprise communications and security products, agreed to be acquired for $4.5 billion by Wesco Interational.
Columbus-based VC firm, Drive Capital, raised $300 million for its Overdrive Fund I.
Prime Movers Lab, a Jackson, Wyoming-based venture capital firm, raised around $100 million for its first early-stage fund, Prime Movers Lab Fund I.
No notable tech IPOs this week.
What I’m Reading
📚Read- A Walk in the Woods (one of Bill Bryson’s bests)
🎬Watch- Hustlers (if you want a fun crime drama) and The Last Black Man in San Francisco (if you’re looking for the opposite of a fun crime drama)
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