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Another interesting week in funding across the Midwest, here are the investments we’ve been able to track and verify this week, ending July 17 2026.
***While you’re here: If you’d like to make sure you’re notified about any funds raised from the six states we cover - Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin - then make sure you’re subscribed to our newsletter***
Auxilium Health
Business Type: Healthtech
Amount Raised: $3.4m
What they do:
Develops advanced biomaterial aerogels for wound care, bone regeneration, and localized drug delivery, reducing bacterial colonization and promoting tissue healing, while advancing products toward FDA clearance and clinical trials.
Rock River Laboratory
Location: Watertown, Wisconsin
Business Type: Agtech & Food
Amount Raised: Undisclosed
What they do:
Provides advanced agronomic, soil, feed, forage, environmental, and water testing services, delivering data‑driven diagnostics to improve agricultural productivity, sustainability, and carbon‑footprint efficiency.
Inspectorio
Location: Minneapolis, Minnesota
Business Type: SaaS
Amount Raised: Undisclosed
What they do:
Provides an AI‑powered SaaS platform that digitizes production‑chain processes, enabling brands and retailers to manage quality, compliance, ESG audits, and traceability across suppliers in real time.
NxLite
Business Type: Sustainability
Amount Raised: $16.6m
What they do:
Manufactures air‑stable, low‑emissivity coatings for glass and polymer substrates that improve energy efficiency and reduce weight, serving window, refrigeration, transportation, and related industries.
ReElement Technologies
Location: Indianapolis, Indiana
Business Type: Manufacturing
Amount Raised: $25m
What they do:
Expands domestic refining of rare‑earth and critical minerals by processing recycled magnets and materials, producing high‑purity oxides and elements to secure U.S. defense supply chains.
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