Midwest Startup Funding for the week ending July 31 2026

We’ve just returned from Columbus, Ohio for Midwest House Summit. As part of the events over the last few days, we took part in a funding discussion with J.D. Davids of SmartMoney Group. If you’re interested in seeing the presentation, then please take a moment to look here.
Moving on, here are the Midwest startup funding investments from Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin that we’ve been able to track and verify this week, ending July 31 2025.

***While you’re here: If you’d like to make sure you’re notified about any funds raised from the six states we cover, then make sure you’re subscribed to our newsletter***

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Jump Capital

Location: Chicago, Illinois

Business Type: Venture Capital

Amount Raised/stage: $350m - Fund 8

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What they do: 

Jump Capital is an early-stage venture capital firm that provides strategic support, financial expertise, and operational guidance to help technology companies scale and grow successfully.

Read more here. 

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BrandRank.AI

Location: Cincinnati, Ohio

Business Type: Artificial Intelligence

Amount Raised/stage: $3 million - seed

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What they do: 

Provides SaaS tools that measure, protect, and enhance brand trust and recommendation share in AI answer engines, offering visibility, vulnerability assessment, content readiness, and AI‑assisted content creation.

Read more here. 

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Healia

Location: Columbus, Ohio

Business Type: SaaS

Amount Raised/stage: $14m Series A

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What they do: 

Provides a healthcare benefits platform enabling dual‑income families and employers to manage health reimbursement plans, compare and enroll in spouse plans, and automate quick claims processing.

Read more here. 

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Claros Technologies

Location: Minneapolis, Minnesota

Business Type: Sustainability

Amount Raised/stage: $55m 

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What they do: 

Provides PFAS destruction and analytical solutions, accelerating global commercialization of its UV destruction system, expanding labs, strengthening manufacturing, and supporting industrial, remediation, utility, and government demand.

Read more here.

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Gravie

Location: Minneapolis, Minnesota

Business Type: Healthtech

Amount Raised/stage: undisclosed but total now listed as $463m

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What they do: 

Provides health‑benefits solutions, offering level‑funded group health plans and Individual Coverage Health Reimbursement Arrangements, while expanding operations, developing products, and advancing go‑to‑market efforts.

Read more here.

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Want to know more?

Read the latest quarterly funding reports for each state here:

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Illinois startup funding - Q2 2026

Indiana startup funding - Q2 2026

Ohio startup funding - Q2 2026

Michigan startup funding - Q2 2026

Minnesota startup funding - Q2 2026

Wisconsin startup funding - Q2 2026

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***While you’re here: If you’d like to make sure you’re notified about any funds raised from the six states we cover, then make sure you’re subscribed to our newsletter***

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