Funding Stories
Rx Savings secures $18.4M funding round, nears 2 million members
An $18.4 million funding round is the prescription Rx Savings Solutions needs to expand its fight against a crippling, yet common ailment, said Michael Rea. “Everyone in the nation has the same problem — high drug costs — and most people don’t know there are options to save money,” said Rea, founder and chief executive…
Bus tech startup Transportant announces $11M in pre-sales at Lean Lab pitch night
School districts across North America are on board with Transportant — to the tune of $11 million in pre-sale agreements, co-founder John Styers said. The startup, which uses video-based technology to allow students, parents and school administrators to better monitor school buses, announced the milestone — $10 million over its goal of $1 million in…
Kauffman Foundation rolls out $1.2M microlending program to help underserved entrepreneurs
Amid a swarm of 160 events as part of Global Entrepreneurship Week, the Ewing Marion Kauffman Foundation announced a new microlending program to spur investment in underserved entrepreneurs. In partnership with four microfinance lenders, the foundation issued a series of grants totaling $1.2 million that a will change the way the nonprofit microlenders capitalize their…
Education network CAPS snags $145K from Kauffman Foundation
A homegrown education innovation network announced Wednesday it was awarded a $145,000 grant to expand its programming across the nation, courtesy of the Ewing Marion Kauffman Foundation. The Center for Advanced Professional Studies (CAPS) program began in the Blue Valley School District in 2009 and is now expanded to 33 programs encompassing 69 school districts…
WillCo Tech’s sale allows founder guilt-free $200K investment in smart grid startup
Selling a majority stake in his IT consulting firm will allow Kevin Williams to focus on and expand his startup venture, the Kansas City tech entrepreneur said. Although the exact amount was undisclosed, the acquisition by Ohio-based Metisentry earlier this month provided a big enough payoff to fund Williams’ and his wife’s future retirement, as…
