These 4 fundings helped Chicago startups raise over $380M in September

Sam Dewey

File 52372

Shutterstock

August was an incredible month for Chicago’s tech scene, and September has been just as successful. This month, Chicago startups raised more than $380 million in funding — a definitive increase from some of the slower months we saw earlier this summer.

Last month, Avant alone brought in nearly $340 million worth of debt financing. In September, the online lender snuck in just before month’s end with a another fresh round, announcing an additional $325 million in Series E funding. But even without Avant’s elephantine contributions, the city’s startups still managed to wrangle a respectable $56 million this month.

As Q3 turns to Q4, we'll see if that stream of funding keeps trickling in. Here are the four largest reported fundings in Chicago:

 

File 52374

4. Home Chef, $5M Series A, September 1

Investors: Not listed

Bio: Home Chef is a weekly meal delivery service that delivers specially curated recipes — and the fresh ingredients you need to cook for them — straight to your door. Their menu changes each week, but Home Chef provides you with everything you need to make restaurant-style meals right at home.

In the news: In December of last year, Home Chef raised a $750,000 seed round from investors like Belly co-founder Craig Ulliott and North Pond restaurant owner Rich Mott.

 

File 52376

3. PinpointCare, $11M, September 29

Investors: The funds were raised for its enterprise solution from private investors and existing customers.

Bio: PinpointCares Platform-as-a-service application helps streamline the coordination of care for healthcare providers and patients. The company provides bundled payment and care coordination technology, enabling each member of a care team to communicate in real-time to ensure quality healthcare.

In the news: Crain’s reported that the company currently sits at 16 employees, but hopes to be at 20 by year’s end.

 

File 52375

2. VillageMD, $36M Series A, September 17

Investors: Connecticut-based Oak HC/FT led the round, which also saw participation from existing investors.

Bio: Founded in 2013, VillageMD provides primary healthcare practices with management services, using tech-enabled platforms to help providers make data-driven decisions.

In the news: According to the Chicago Tribune, the company — which already works with 400 primary care providers in Indiana and Texas — is planning to expand to other states (including Illinois, Georgia, New Hampshire, and Ohio) in the future.

 

File 52344

1. Avant, $325M Series E, September 30

Investors: General Atlantic led the round, with, J.P. Morgan, Balyasny Asset Management, Tiger Global, and August Capital all joining in.

Bio: Utilizing advanced algorithms and machine-learning capabilities, Avant offers a unique and highly customized approach to the personal loan process. The combination of technology, analytics and customer service capabilities allows the company to provide a simple process for personal loans and line of credit products to borrowers, all entirely online.

In the news: Last month, Avant raised an additional $339 million in debt financing, making it one of Chicago’s fastest growing and most well-funded tech startups of all time.

Have a tip for us or know of a company that deserves coverage? Email us via tips@builtin.com.

Post a comment

or to post comments

Oh no!

You're fresh out of job post slots.

Upgrade your planmanage current jobs

Create an account

Let startups find you

Create a profile and upload your resume today.

Explore the local startup scene, find your
dream job and hang with fellow techies.

No sales pitches, just awesome original content.

Oh no!

You're fresh out of job post slots.