Tech roundup: ShipBob raises $40M, new offices everywhere, and more

by Alton Zenon III
September 6, 2018
Chicago tech funding

Chicago tech makes it rain

E-commerce fulfillment company ShipBob announced a funding raise of $40 million, which it will use to bolster its same-day and next-day delivery capabilities and improve its software platform. Additionally, the company intends to hire 100 people in the next year — which includes doubling the size of its engineering team — and has just opened a new fulfillment facility in Cicero that is six times larger than its previous warehouse. [Built In Chicago]

Farmer’s Fridge, the company behind the internet-enabled vending machines that offer healthy snacks, secured a $30 million Series C this week. CEO Luke Saunders said the funding will be used to expand the company’s technology, engineering and product teams. Additionally, the company plans to significantly boost its Midwestern machine count from just over 185 today to over 400 — spread throughout major cities in the region — by the end of 2019. [Built In Chicago]

On-demand parking spot provider SpotHero locked in $10 million in new funding, which it said will be used to double its platform and partnership infrastructure. This raise comes directly on the heels of the company’s partnership with Waze to provide Bluetooth connectivity to Chicago’s tunnels and a July announcement that more than 500 of its Chicago-area parking facilities are autonomous-vehicle ready. [Press release]

IngeniousIO, a digital platform aimed at consolidating information exchanged between companies at construction sites, raised $4 million in funding last week in a round led by American Family Ventures. The construction management software company will use the funds to hasten product development and expand its sales and customer implementation teams. [Crunchbase]


SMS Assist team chats a table together
image via sms assist

SMS Assist brings the thrill to Naperville with new office

Digital multi-site property management platform SMS Assist announced it will open a new office in Naperville in October that will house up to 400 employees. Customer service roles are already being filled and will be the focus for the immediate future. However, there will hiring for other teams as the office grows. [Chicago Inno]


Person in a car holding a phone with Lyft on the phone
image via shutterstock

Lyft and Chance the Rapper want you to help them raise $100,000 for CPS

A partnership between nonprofit SocialWorks, a creation of Chicago musician Chance the Rapper, and Lyft aims to raise $100,000 for Chicago Public Schools through the app’s Round Up & Donate feature. The initiative, which began September 4th, allows Chicagoland riders to round their fare up to the nearest dollar and donate the additional funds to the cause. Lyft will match all rider donations through the end of the month. [Press release]


Woman using a 3D printer - Fast Radius
image via shutterstock

Fast Radius opens new headquarters in West Loop

Fast Radius, a global production company specializing in additive manufacturing solutions, announced the opening of their new headquarters in Chicago’s West Loop. According to the company, the facility features some of North America’s most advanced 3D printing capabilities, which will aid in the company’s goals to grow its overall manufacturing footprint, a goal which involves growing its software development and sales teams. [Press release]


New hire shaking hands with coworkers
image via shutterstock

6 execs have new Chicago tech companies to call home

Steve Xeller
Chief Revenue Officer

Sports data analysis firm STATS brought on former Executive Vice President of International Sales at MicroStrategy, Steve Xeller, as Chief evenue officer. With over 20 years of international sales leadership experience at various software companies, Xeller will preside over direct sales and sales enablement in every continent other than Antarctica. [Business Wire]


Rory Swikle
senior vice president of CorpSumer

MWWPR, an international marketing and public relations firm which provides digital solutions to clients, brought on Rory Swikle as Senior Vice President of its CorpSumer division. Swikle is the former SVP at Ogilvy Public Relations. [PR Newswire]


Nick Wille
vice president of consumer lifestyle marketing

MWWPR also named Nick Wille as VP of consumer lifestyle marketing. Wille will head the creation of campaigns and development strategies for food, retail and travel industry clients in MWWPR’s consumer and lifestyle portfolio. Wille most recently served as account director at Weber Shandwick. [PR Newswire]


Jim Hyde
Chief executive officer

ExteNet Systems, a designer and operator of multi-carrier distributed networks which allow implementation of 3G and 4G LTE services, named Jim Hyde as its new CEO. Hyde has over two decades of experience in wireless communications and previously served internationally as CEO and managing director of T-Mobile U.K. and as president of prepaid group, wholesale, affiliates and strategic partnerships for Sprint. [PR Newswire]


HR and jobs site CareerBuilder promoted Irina Novoselsky from President and Chief Operating Officer, roles she stepped into in 2017, to Chief Executive Officer. Novoselsky has experience scaling companies and leading their digital evolutions and she most recently served as president Novitex Enterprise Solutions. [PR Newswire]


Michael Costonis
Chief Operations Officer

Commercial insurance provider CNA appointed a new Chief Operations Officer, Michael Costonis, who spent the previous quarter century working as the global insurance industry practice leader at Accenture. Costonis worked with over 50 insurance carriers in 21 countries and patented an analytical method for optimizing claim outcomes ultimately became the foundation for multiple large claims evolutions. [PR Newswire]


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