Tech roundup: Crain's Fast 50, Vivid Seats' new investor and more

May 18, 2017

Tech makes a big splash on this year’s Crain’s Fast 50 list

Crain’s Chicago Business released the finalists for its annual Fast 50 awards on Wednesday. The awards are given annually to the local companies that have reported the largest revenue growth over the past five years. By our count, Chicago tech companies, digital agencies and technology-driven service providers accounted for half of this year’s list.

Notable tech nominees include Devbridge Group, DialogTech, Fooda, Gogo, HS2 Solutions, LaunchPoint, Outcome Health, Paylocity, PowerReviews, Rightpoint, Rise Interactive, Signal and SpringCM, to name a few. Crain’s will announce the final rankings on June 22. [Crain’s]

 

GTCR makes strategic investment in Vivid Seats

On Tuesday, Chicago private equity firm GTCR announced that it has made a strategic investment in Vivid Seats. Existing investor Vista Equity Partners and Vivid Seats’ co-founders will retain “significant ownership stake” in the company. GTCR expects the transaction to close in the second quarter of this year, according to the company’s statement. The terms of the deal were not disclosed. [Press release]

 

Chicago’s IoT hub is officially open for business

Bosch and 1871 officially opened the doors to the Chicago Connectory — an IoT workspace located on the fifth floor of the Merchandise Mart — on Monday. The space is intended to serve as a meeting place for researchers, startups and corporations pushing the envelope in the IoT space. The hub’s first tenants include Xaptum, an IoT infrastructure startup, and Glance Displays, the maker of an internet-connected smart display. [Chicago Tribune]

 

SpotHero now takes commuter benefits

SpotHero’s parking spot reservations are now available as a pre-tax commuter benefit, thanks to a new partnership between the Chicago parking startup and WageWorks. Announced on Tuesday, the new partnership lets workers who receive pre-tax benefits through WageWorks automatically pay for parking with their commuter benefits when parking near their offices or at a transit location on their way to work. [Chicago Tribune]


Dundee closes third fund at $31M

Midwest-based VC firm Dundee Venture Capital recently closed its third fund to the tune of $31 million. The firm, which invests in technology startups throughout the Midwest, has partners in Chicago, Omaha and Minneapolis-St. Paul. [Silicon Prairie News]

 

Personnel changes

Vibes, a mobile engagement platform provider, announced late last week that Laura Desmond has joined its board of directors. A former Publicis Groupe executive, Desmond is currently senior advisor to Uptake CEO Brad Keywell. [PR Newswire]

On-demand shift startup Shiftgig announced on Friday that it has hired Andrea Wagner as its VP of enterprise sales. Wagner’s previous role was director of national sales at CareerBuilder.com. [Press release]

On Monday, Motorola Solutions elected Joe Tucci to its board of directors. Tucci is the former chairman and CEO of EMC Corporation. [Business Wire]

Chicago customer experience agency Rightpoint announced on Monday that it has hired VP of marketing Christiana Henry to expand its national brand. The company also promoted six-year veteran Micah Swigert to senior VP and managing director. [Press release]

 

Images via listed companies, social media and Shutterstock.

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