This is the third year we have ranked the tech ecosystems of 54 Midwest cities, and the overarching data continues to show the Midwest’s broad growth in tech across the region. The biggest news of the past year seems to be that we welcomed the mega-rounds. Minneapolis’ Bright Health raised $200M in late 2018. In Kansas City, we saw Insight Partners back PayIt with $100M. But that’s just the tip of the mega-round iceberg. Chicago’s Tempus raised $200M in May. Columbus saw Root Insurance raise $100M while Detroit’s StockX snagged $110M. And this doesn’t count the sub-$100M investments, such as Chicago’s Cameo, Columbus’s Beam Dental or Ann Arbor’s Clinc at about $50M each.
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Story excerpt provided by MidwestStartups.
Published October 1.