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

Chicago startup guides

Best Companies to Work for in Chicago
Inside the Best Software Engineer Jobs in Chicago
Tour the Coolest Offices in Chicago Tech
Inside the Best Sales Jobs in Chicago
Your Guide to the Best Perks at Chicago Tech Companies
Your Guide to Healthtech in Chicago
Inside the Best Data Science & Data Analyst Jobs in Chicago
Inside the Best Marketing Jobs in Chicago