Chicago tech raised $153M this month: here are the top 6 fundraisers

March 1, 2016

With over $100 million raised in January, Chicago’s tech scene was already off to a solid start for 2016. And with a February total of over $153 million, Chicago companies show no sign of slowing down.

5. (tied) $10 million, February 9

Investors: Garland Capital Group

Bio: SwervePay offers a payment solution for healthcare professionals that lets patients pay medical bills via text message.

News: This round is SwervePay's second funding, following an initial $1.6 million round in 2014.

5. (tied) $10 million, February 11

Investors: KPMG Capital, 

Bio: Founded in 2008 to bring more transparency into the food industry, Label Insight helps consumers better understand what's in the stuff they eat.

News: The company plans to use the funding to enhance its data science branch and build new products.

4. $13.7 million, February 10

Investors: Undisclosed

Bio: Bringing together designers, scientists and engineers, Polyera is working on the technology powering the world's first truly flexible display.

News: The company plans to launch its signature flexible wristband display, Wove, in 2016.

3. $17 million, February 3

Investors: Silversmith Capital Partners, existing investors

Bio: With its map-based social media analytics service, Geofeedia helps journalists source stories and law enforcement and corporations assess and manage risk.

News: Silversmith co-founder and managing partner Todd MacLean will be joining Geofeedia’s board of directors as part of the deal.

2. $18 million, February 12

Investors: Undisclosed

Bio: Maestro Health specializes in helping employers and employees alike in navigating the landscape of employee benefits.

News: This round brings Maestro Health's total funding to $53 million.

1. $42 million, February 17

Investors: Goldman Sachs, New Enterprise Associates

Bio: Sprout Social's social media management software is used by more than 16,000 businesses, from digital agencies to small businesses and enterprise clients.

News: The funding will be used to fuel the company's rapid growth. Goldman Sachs VP Jason Kreuziger will be joining Sprout Social's board of directors.


Related: Best Startups to Work for in Chicago