Chicago’s full of good tech worth buying, as shown by two big exits this week
Two companies with ties to Chicago were acquired this week. Emmi, a provider of patient engagement software that keeps patients healthy after they leave the hospital, is getting acquired by Dutch software maker Wolters Kluwer for $170 million. The sale comes as the patient engagement market is set to take off thanks to shifts in healthcare regulations.
And electronics manufacturer Samsung has also agreed to acquire Viv, an artificial intelligence platform founded by Siri’s initial creators, for an undisclosed amount, according to the Chicago Tribune. Viv may be based in California, but it has roots in Chicago, with co-founder Dag Kittlaus living in the area and its latest $12.5 million funding being led by Pritzker Group Venture Capital.
Sam Yagan raises $37M for second round of Corazon Capital fund
OkCupid co-founder Sam Yagan announced a new round for his Corazon Capital fund. The $37 million raised will be used to increase the amount the fund is able to offer startups, up to $500,000. The fund already backs companies like Dryv and Shiftgig. [Built In Chicago]
ParkWhiz introduces business program to Chicago market
Tracking employees’ parking through traditional expensing systems can be tough. ParkWhiz for Business is launching in Chicago to help solve that problem. The program allows employers to give access to business accounts so workers don’t have to keep unreliable receipts from parking lots and garages. Businesses can also use the program to offer clients free or discounted parking by absorbing some of the cost. [Press release]
VISANOW launches latest version of immigration management software
VISANOW has long simplified the management of international employees, but the latest iteration of its software streamlines many common headaches for HR departments. With features like a centralized dashboard, improved employee experience and clear communication actions, VISANOW 3.0 hopes to increase efficiency in managing visa workers. [Press release]
kCura partners with Esquify, brings on new CMO
Chicago startups kCura and Esquify are teaming up. Esquify is joining kCura’s Relativity developer partners, allowing kCura clients to supervise lawyers reviewing documents with Esquify’s tech. kCura is also bringing on a new chief marketing officer, Lisa Arthur. She has been marketing enterprise software for 30 years, most recently as CMO of Teradata Applications. [Press releases]
Elevate repositions to focus on experience design for style brands
Chicago-based digital firm Elevate Studios is getting a new design (above) and simplified name. Elevate is also dialing in its focus, with apparel, health and beauty brands at the core of its portfolio. Brands include Hanes, Champion and Mario Tricoci. [Press release]
Brideside introduces hyper-personalized shopping experience
Brideside is revamping its e-commerce site to allow for a seamless experience when shoppers move between online, at-home and in-store experiences. Users can also access concierge style-board tech to help consultants get a better idea of the entire wedding vision and find styles that match. [Press release]
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SpringCM debuts enterprise document management solution
SpringCM is putting its recent $17.5 million raise to use with the introduction of G|1 Docs, an all-in-one solution to power enterprise document management for Salesforce users. By integrating document creation, management and workflows into a searchable repository, users can more easily integrate sales data into communications and content creation. [Press release]
Chicago funding heats up as fall rolls in
In addition to this week’s big acquisitions, three big fundings are powering innovation in Chicago:
- Nick Kokonas’s restaurant booking startup Tock took home $7.5 million in a round led by Grubhub’s early investors Origin Ventures. The funding will help it expand to new markets.
- TurboAppeal tacked on $4 million, the second funding round its closed this year. The data-driven tax appeal software maker plans to expand from its current Illinois and Florida availability with the new cash.
- Realync, which lets user virtually tour homes and offices on the market, is using its $1.1 million seed round to move its headquarters from Chicago to Indianapolis, taking advantage of $650,000 in tax credits from Indiana. [Chicago Inno]
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