Chicago VC Fundraising Summary 2024
Each month, HirexHire recaps Chicago startup funding. Which startups closed what deal and for how much money? Our team is passionate about supporting startup growth by connecting candidates with Chicago tech jobs and providing employers with talent recruitment solutions after securing new funding. If you need support recruiting top talent, contact us.
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Chicagoland Startups Raised Over $207M in January 2024
With the holidays behind us, the fundraising market for Chicago start-ups rebounded nicely to kick off 2024 with $207.6M raised across 17 companies in our local community - over five times December's amount! January featured companies making their mark in industries like healthcare, financial services, and supply chain and logistics. Take a look at the ten highest funded companies for January below!
Cour Pharmaceuticals Development - a nanoparticle platform developed to reprogram immune systems that is changing lives for patients with MS.
Artisight - a smart hospital platform that combines computer vision and a multi-sensor network to provide virtual care, quality improvement, and care coordination solutions.
Cube Group - a hybrid digital asset marketplace that ensures secure, transparent, and efficient trading in the crypto space.
SalonInteractive - an online platform that allows private beauty businesses to stock an online store, connect with clients, and manage their business.
Better Trucks - a regional, last-mile parcel carrier that specializes in rapid-residential deliveries.
Dina - an online engagement platform for patients to connect to in-home healthcare services and providers, both medical and non-medical.
StoicLane - a long-term growth and acquisition platform for the finance, insurance, and real estate sectors.
Listener Brands - a consumer brands organization that aims to listen to and serve under-represented markets.
Alphathena - an AI platform that helps Financial Advisors and those in the WealthTech industry discover and build custom indexes and portfolios.
Cargado - a logistics startup with software that aims to simplify the cross-border process for shipping between the US and Mexico.
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Chicagoland Startups Raised Over $141M in February 2024
The windy city kept the momentum going strong in February, with 14 companies raising just over $141M! Ranging from industrial technology to AI-enabled credit recovery to a rare spirits auction platform, these dealmakers are all making strides in their respective markets. Take a look at the ten companies making February’s biggest deals below.
AHEAD - a solutions-based company that helps clients move to digital platforms for their services and products quickly.
Unicorn Auctions - an online auction-based marketplace for rare spirits that caters for both buyers and sellers, as well as a vaulting service.
Vibe - a streaming advertising company for small and medium businesses to quickly and effectively get their ads onto streaming platforms.
Kin Insurance - an insurance technology company that offer personalized home insurance policies.
Small Cheval - retro-style burger joint offering a menu of just the essentials around the Chicagoland area.
Celadyne Technologies - an industrial technology company that aims to transform the heavy duty and industrial sectors with their durable fuel cells and cheap green hydrogen.
Cambio - an AI-based credit improvement tool designed to facilitate helpful collections negotiations.
EvidenceIQ - an automated ballistics imaging triage solution, enabling immediate scanning of firearms evidence.
SuckerPunch Gourmet - a food company focusing on bold flavored pickles, juices, mixers, and snacks with all natural ingredients.
Aarogya Tech - a digital platform designed to improve health care access to delay the onset and progression of chronic disease.
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Chicagoland Startups Raised Over $165M in March 2024
March shaped up to be a profitable month for Chicago, with 13 companies raising over $165M in venture capital funding across many industries. From car insurance to data analytics to a platform for celebrities to interact with fans, these growing companies are an asset to Chicago business. Check out the ten highest funded companies for March below!
Clearcover - a car insurance company that aims to provide coverage for less and utilizes AI for extremely quick claims payouts.
Ocient - a data analytics company that allows organizations to unlock value by analyzing petabyte to exabyte scale data sets.
Cameo - a digital marketplace where fans can interact with their favorite celebrities through video.
WarpStream Labs - an infrastructure provider for cloud-native data streaming.
Milu Health - a healthcare company that uses EHRs, claims, and pricing data to provide cost-saving opportunities to employers, advisors, and individuals.
Mycocycle - a biotechnology company that converts waste to low-carbon biobased materials, creating value in partnership with nature.
Hoodie Analystics - an analytics company that delivers real-time cannabis product intelligence to brands and retailers.
Coinflow Labs - a platform that provides web3 payment for quick and secure transactions.
CoDeAc Solutions - a technology company that offers rapid detection and management of nuclear threats.
Kidsy - an e-commerce platform that offers new and open-box discounts on kids and baby products, from cribs to toys to electronic goods.
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Chicagoland Startups Raised Over $63M in April 2024
While April was a bit of a slower month for venture capital funding in Chicago, there were still some impressive new start-ups that managed to secure funds. We saw growth in the healthcare and SaaS spaces, as well as funding for a fun new TV show and another successful round for rare spirit auction platform Unicorn. See the top ten movers and shakers for the month of April below.
Praia Health - a healthcare platform that transforms the digital delivery of individualized health solutions to consumers on a large scale.
MM Investment Partners - no information available at this time.
Radial Health - a healthcare company that provides a comprehensive level of physical medicine and rehabilitation at the patient site of care.
Fluff Piece Season 1 - a new television show set to shoot in Chicago that will feature a news reporter and her animated dog sidekick.
Unicorn Auctions - an online auction-based marketplace for rare spirits that caters for both buyers and sellers, as well as a vaulting service.
Pinch - a platform that allows users to book on-demand cosmetic injections and procedures.
Renterra - software for heavy equipment rental companies to run and improve their businesses
Continuum - a platform that streamlines the B2B return processes
ML Tech - an investment platform where investors can choose from a curated selection of systematic crypto trading strategies.
Northernvue - an AI-driven vision device that offers a real-time dashboard of casino gaming, reducing errors and identifying fraud.
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Chicagoland Startups Raised Over $170M in May 2024
May started off the summer strong in Chicago, with 19 startups securing over $170M in venture capital funding across many industries. From real estate to education to investment, companies funded in May offer Chicago residents an exciting future. Take a look at the top funded companies below:
Honeycomb - a real estate insurance company that provides coverage for COA/HOAs, owners, managers, and developers in record time for a smaller cost.
Elevate K-12 - an educational services company that provides quality teaching streaming to the classroom, designed to fill niche roles, expand course offerings, and provide specialized attention.
Revolution - a craft cannabis company that aims to formulate the highest quality product possible by controlling the process from seed to shelf.
Aeropay - a next-generation payment platform offering fast and secure payments across all industries
Atraverse Medical - a medical device company focused on left-heart access, streamlining procedures and improving patient outcomes
FleetPulse - a telematics platform designed to improve fleet efficiency both from an operational and a logistical standpoint.
Crafty - a food management platform that can elevate your workplace, cafe, or kitchen.
Simergent - a medical device company focused on creating affordable, easy-to-use home dialysis devices.
Instant Connect - a tactical communications platform that integrates mobile, IP, radio, and telephone for push-to-talk communications.
FranShares - an innovative passive income investing platform for people to invest as little as $500 in franchise opportunities.
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Chicagoland Startups Raised Over $126M in June 2024
The windy city saw a large number of deals this June, raising over $125M across 19 companies. From cutting edge biotechnology to collaborative workspaces, these Chicago companies are making waves all over the city. Take a look at the top funded companies below:
Advanced Medicine Partners - a biotechnology company that develops advanced therapy products using gene and cell therapies.
Formic Technologies - a robots-as-a-service provider that brings robotic automation to a myriad of industries for an hourly rate.
Workbox - a flexible co-working space in major cities that also raises funding for businesses.
Coldcart - a logistics platform specifically built for perishable deliveries and all areas of fulfillment.
Vibe IQ - a retail technology company that provides software to brands looking to expand or go to market with products.
Omni Retail Enterprises - a portfolio of lifestyle digital storefronts and communities covering home decor, apparel, health & wellness products, fitness, and educational programs.
Evergreen - a food and beverage company that creates waffles and waffle sandwiches out of whole food ingredients.
Hoodie Analytics - an analytics company that delivers real-time cannabis product intelligence to brands and retailers.
LogRock - an online compliance hub for trucking companies
Moonlite AI - no information available at this time.