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ThinkCERCA gets $3.2M in funding
Chicago-based ThinkCERCA raised $3.2 million in a Series A round this week. Follett Knowledge Fund led the round. Since starting in 2010, ThinkCERCA's innovative lesson pans and assessments have reached 50,000 students, helping teachers teach critical thinking and analytical skills. [Follett Leads $3.2M Series A Investment in ThinkCERCA: edSurge]
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Classkick raises $1.7M to cut gruntwork out of homework for teachers & students
Poised as a digital alternative to paper-based homework and in-class assignments, Classkick is an app that allows teachers and students to collaborate via their iPads. The Chicago-based startup announced a $1.7 million seed round this week to continue the growth of its team and platform. Kapor Capital, Lightbank, Yammer founder Adam Pisoni, and Great Oaks Venture Capital all contibuted to the round. [Built In Chicago]
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SingleHop Acquires Server Intellect
On-demand cloud hosting company SingleHop made its first acquisition in its nine-year history on Monday, buying Server Intellect, a Microsoft hosting specialist. The move introduces SingleHop to the Windows operating system, expanding its versatility. [SingleHop Completes its First Acquisition to Keep Pace with Rapid Growth: ChicagoInno]
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Hyde Park Venture Partners to look beyond Chicago
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Chicago bested by Seattle, D.C. and more in startup fundings
According to the Brookings Institute, Chicago's early-stage startups registered 56 funding deals in 2014, good for No. 10 nationally. Many smaller markets finished ahead of Chicago, including Cambridge, Mass., Boston, Washington, D.C., Seattle, and Austin, Texas. [Chicago comes up short in funding startups: Crain's Chicago Business]
Trunk Club tries out more office space, plans women's brand
Since being acquired by Nordstrom in 2014, Trunk Club has expanded to Dallas, Washington D.C., Los Angeles and New York. Now, the Chicago-born businesses is doing some expanding in its hometwon. The startup subleased a 17,000-square-foot space across from its Ohio Street headquarters. The company is growing rapidly and has plans to launch a women's brand. [Trunk Club's real estate moves up a size: Crain's Chicago Business]
