With its highest reported funding at $75M, May definitely came in like a lion. That left June to follow up like a lamb, with the month seeing a fairly calm stream of fundings. Check out the top five highest startup fundings in Chicago this month.
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5. Rithmio, $3M, June 30
Investors: KGC Capital and Intel Capital led the funding round and were joined by Hyde Park Venture Partners, Hyde Park Angels, MAS Capital, Foley Ventures, OCA Ventures, Serra Ventures and New Coast Ventures.
Bio: Rithmio is a gesture recognition platform founded at the University of Illinois at Urbana-Champaign in 2013. Brands use Rithmio’s gesture recognition software to create motion-sensing products, from wearables and smartphones to sports equipment.
News: Last September, Rithmio raised $650,000 with the intention of bring on a number of key new hires. According to a company statement, they have indeed grown their team, bringing on Kamil Chmielewski, Director of Software, Jen Quinlan, VP of Marketing, and Christian Nam, Designer.
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4. Whittl : $3.3M, June 10
Investors: The round was led by Origin Ventures and KGC Capital and featured participation from GrubHub co-founder Mike Evans, OCA Ventures, Amicus Capital and Drummond Road Capital.
Bio: Whittl is a price comparison and booking platform for everything from eye appointments and teeth whitening to yoga. Through Whittl, it’s easy to book your appointments for all of the services you need, right in your neighborhood.
News: CEO Mike Zivin told Crain’s Chicago Business that the funds will be used to help the company expand into as many as five other cities over the next year.
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2. SportsLock, $5M, June 2
Investors: The funding round was led by Wicklow Capital, former MLB COO Robert Dupuy, and others.
Bio: SportsLock is a head-to-head fantasy draft app that allows users to pick a sport, select a dollar amount, and compete against friends in a “survive and advance” format modeled after the NCAA basketball tournament.
News: The company said it plans on using the funds to accelerate its growth.
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2. Tanvas, $5M, June 23
Investors: Investors included R7 Partners, Peak6, and Northwestern University.
Bio: Tanvas is a technology startup whose patented technologies complete the touchscreen experience by combining multi-touch position sensing with control of the friction forces acting on the fingertips as they slide across the screen.
News: The company, which was previsouly known as Tangible Haptics, changed its name earlier this year to evoke the idea of a “touchable canvas.”
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1. SwipeSense, $9.7M, June 10
Investors: Not reported
Bio: SwipeSense is a portable, trackable hand sanitation dispenser for physicians and nurses, that lowers infection rates in hospitals. It also acts as a compliance metric because it tracks usage data from its users.
News: Earlier this year, Forbes tapped co-founders Mert Iseri and Yuri on the company’s massive 30 Under 30 list for the co-founders’ initiatives in social entrepreneurship.
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