Tech Between The Coasts 062 | September 16, 2020

Your bi-weekly update on the latest tech news, deals, and events in the middle of the country, curated by the folks at Lewis & Clark Ventures

Lewis & Clark Ventures invests in technology companies between the coasts. Founded by former operators, we partner with early-stage companies to build the infrastructure and talent needed to scale their businesses into market leaders.

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Questions or comments? Companies we should meet? Drop us a line at matt@lacventures.com

What We’re Reading

Obi Omile, co-founder of the Cut, discusses why niche SaaS scales so well. Via VentureBeat

Thinking about making a career change? Kabir Sehgal argues that you should have (at least) two careers. Via Harvard Business Review

Feel like your newsfeed has exploded with press around SPACs? Connie Loizos provides an overview of these acquisition vehicles. Via TechCrunch

The IoT market will continue to boom. Here’s an interesting infographic covering the intersection of AI and IoT. Via Visual Capitalist

For founders considering a convertible note raise, be sure to check out Cooley’s convertible note document generator. Via Cooley Go

Deals

Sana Benefits (Austin, TX) raised $20.8M to expand its platform for self-funded health insurance for small businesses. Gigafund led the round, with participation by Trust Ventures and mark vc. Via Tech Crunch

Decent (Austin, TX) raised $10M to build out its health insurance offerings for small businesses. QED Investors led the round. Via Austin American Statesman

Sharpen Technologies (Indianapolis, IN) raised $12M to expand its agent-first, cloud contact center platform. Allos Ventures, Cultivation Capital, and Lightchain participated. Via Business Wire

The Pro’s Closet (Boulder, CO), the world’s largest pre-owned cycling equipment brand, raised $12M in growth capital. Foundry Group and Edison Partners led the round, with participation by Ridgeline Ventures. Via Company Press Release

Zero Hash (Chicago, IL) raised $5M to expand its digital asset settlement platform. Tastytrade led the round, with participation by Bain Capital TradeStation, CMT Digital and Monday Capital. Via Chicago Inno

Spotlight

Territory Foods (Arlington, VA), a Lewis & Clark portfolio company, just recently expanded its meal delivery service to Austin, TX. Austonians looking for chef-crafted, healthy meals – be sure to check them out! Congrats to the Territory Foods team!

Events

OnRamp Impact Conference (September 17, 2020) – Virtual event presented by gener8tor that highlights innovations in social impact.

The Innovation Showcase (October 6, 2020) – Virtual event hosted by the Venture Club of Indiana that connects Indiana companies with investors.

OnRamp Manufacturing Conference 2020 (October 14, 2020) – Virtual event presented by gener8tor that brings together leading corporations, investors and startups across the manufacturing industry.

Oppourtunities

Benson Hill (St. Louis, MO) is hiring for several roles, including Director of Financial Planning & Analysis, Senior Research Associate, and Senior Director of Product & Platform.

Bonusly (Boulder, CO) is hiring a VP of Engineering.

Tech Stars (Boulder, CO), is hiring a VC Manager.

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