Toast acquires Chicago-based StratEx to automate HR and payroll services. Toast, a restaurant management platform, plans to help its customers improve their HR management with its first acquisition. This news comes on the tail end of Toast’s $250 million funding round a few months ago. [CrunchBase]
mHUB raised $15 million to invest in hardware startups. mHUB, a Chicago hardware manufacturing hub, aims to help local hardware startups gain more traction by backing 60 hardware businesses, according to ChicagoInno. [ChicagoInno]
This company can make anything from guitars to drones using their 3D printer. Inventables raised $11.5 million to focus on its user-friendly software, Easel. With the funding, Inventables plans to expand Easel’s capabilities and make it compatible with hundreds of other companies’ carving machines, according to the company. [Built In Chicago]
Tovala’s smart oven just got smarter. Tovala has built out its scan-to-cook groceries feature which will allow customers to bake 300 breakfast items from brands like Kellogg’s and Nature’s Path to perfection. [Press Release]
Sustainable Bioproducts announced its first Chief Marketing Officer. Karuna Rawal joins the Chicago-based biotech startup with over 25 years of marketing experience. Her most recent position was at Leo Burnett where she served as President, Groupe Client Lead. [Press Release]
Etsy acquires music gear marketplace Reverb for $275 million. The craft and vintage goods marketplace plans to “retain and continue hiring at Reverb,” according to a Reverb spokesperson. This marks Etsy’s seventh acquisition since it launched in 2005. Reverb will continue to run autonomously in Chicago. [Built In Chicago]
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