The 5 largest reported fundings in Chicago in April

Written by Tessa McLean
Published on Apr. 30, 2015
The 5 largest reported fundings in Chicago in April

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Livongo Health: $20M

Livongo Health announced April 8 it raised a $20 million Series B round. The company, which produces a device that measures users’ blood sugar levels, is led by Glen Tullman, formerly CEO at Allscripts. DFJ and General Catalyst contributed to the round alongside Kleiner Perkins Caufield & Byers, which led the investment.

 

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Revenew: $2.88M

Founded in 2006, Revenew produces software that allows “global” companies to share marketing and advertising materials with the “local” retailers and distributors who sell their products. Originally conceived as a consumer electronics company, Revenew has developed into a channel through which enterprise brands can deliver their proprietary data, funds, advertorial content, and tools including email marketing, social media advertising, and database management to their smaller affiliates. Their Series B funding was led by Allos Ventures, TGap Ventures and Siris Capital Group and reported April 23. 

 

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Blitsy $3.6M

Blitsy is an online marketplace where creative crafters can buy their supplies — at up to 70 percent off. What Blitsy realized was that “big box” retailers had knit up the majority of the market and wanted to give people a thriftier outlet to source their supplies. Along with building a mobile and ecommerce platform, Blitsy is creating a strong community of people who knit, weave, sew, hot glue, mâché among other crafty activities. Greycroft, Data Point Capital, Chicago Ventures, FireStarter Fund, Lakewest Venture Partners, FOMO Investments and Incisent Labs led the Series A round reported April 20.

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Retrofit: $2.02M

Retrofit is where tech and weightloss meet. With a national reach, the company has developed a system that helps a user track and study their behaviors with Fitbit and a Withings scale. But that data isn’t left for the user to interpret themselves — with Retrofit, a user is assigned a personal weight loss team — made up of a registered dietitian, exercise physiologist and behavior coach. Getting this human-centered approach into the tech mix ensures that users not only lose weight now, but develop life-long habits to keep the weight off. Their debt round was reported April 8. 

 

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Personify: $1.3M

Personify is dedicated to bringing about a whole new video experience by immersing you in a virtual space. They specialize in digital content and thus, bringing people together. They raised a debt round of financing, reported on April 17. 

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