Tech roundup: Fundings abound, Kellogg Venture Challenge winners, and more

by Alton Zenon III
March 14, 2019
money bag and coins
image via shutterstock

Like the weather, Chicago’s tech fundings are heating up

It doesn’t look like HealthJoy will stop growing anytime soon. The healtech company, which grew 610 percent last year and currently has around 200,000 users, raised a $12.5 million Series B in a round led by U.S. Venture Partners. The funding will be used to grow its sales, engineering, operations and customer success teams. HealthJoy has a headcount of 121 people, and the goal is to hit 250 this year. [Built In Chicago]

Livly, the provider of a platform that streamlines landlord and tenant communications, secured a $10 million seed round headed by Pritzker Group Venture Capital, Navitas Capital and JLL Spark. The Related Group, Golub & Company and CA Ventures participated the round as well. The raise will be used to add engineers and customer support staff to its 36-person team, as well as evolve the platform, the official launch of which out of a two-year beta also accompanied the funding announcement. [Built In Chicago

Capital Markets Gateway will work to make the capital trading industry as modern as ever following its recent Series A raise of $7.5 million and move out of stealth. The round for the trading marketplace was led by StageDotO, while Franklin Templeton, Shea Ventures and company co-founder and CEO Greg Ingram also participated. The funding will be used to double CMG’s 17-person team, help it expand globally, move into new markets and launch the second phase of its platform functionality to benefit underwriters. [Built In Chicago

FanFood raised $2 million in funding from Phoenix Sports Partners to bring its mobile ordering platform to new stadiums — and to increase its capabilities. The company will grow its presence in the stadium-dense states of Florida, Texas and Ohio. In addition to bringing more stadiums onto the platform, FanFood will also double down on its technology, with the goal being to turn the platform into a fully integrated, cloud-based point-of-sale system. [Built In Chicago]


ServiceNow staff playing shuffleboard
image via servicenow

ServiceNow expands its West Loop office

ServiceNow has leased 48,000 square feet of office space in the Fulton Market District as it prepares to double headcount, Crain’s reports. The company’s 35-person Chicago office will double in size over the next nine months and will top 100 people by the end of 2020. ServiceNow’s Chicago office opened in 2018 and is the company’s first tech hub outside of the West Coast. [Crain’s]


Lightstream leaders chatting
image via lightstream

Lightstream acquires 

Online and suite-based video creation platform Lightstream announced its acquisition of the Missouri-based — a data and analytics tool for video streaming. Arsenal’s platform provides services for streamers as well as publishers and indie game developers, and its current users include PUBG Corp, 505 Games and Discord. “With the acquisition of Arsenal, we begin to help content creators optimize their stream, understand their audience, and what content is working for their channel,” said Stu Grubbs, Lightstream CEO, in statement. This announcement comes fresh off the heels of the company’s $8 million Series A. [Press release] 


Kellogg Venture Challenge winners
image via Kellogg School of Management

Winners of Kellogg Venture Challenge announced

The winners of the most recent round of the Kellogg Venture Challenge were revealed this week. Three student-founded companies took home $5,000 in prizes, with the winner, a financial tool for Brazilians known as DinDin, taking home a total of $3,000. Second place went to BeenThere, a platform that connects MBA students to mentors to assist with their applications. Third place was secured by Scoots, a startup that creates fashion-forward shoes made completely from plant-based material. [Press release]

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