Hazel Technologies raised $13 million to help produce last longer. The product is a mixture of oils that have antimicrobial compounds that stop bacteria, mold and fungi, according to the Chicago Business Journal. The company plans to hire 15 more employees to their team and sell directly to retailers with the fresh funds. Hazel Technologies, a company started by two Northwestern grads, also hopes to tackle the preservation of meat and seafood next. [Chicago Business Journal]
Inc. Magazine named the 5000 fastest growing companies, and Chicago did well for itself. The list ranks private companies based on revenue growth since 2015. ShipBob, Arcalea, UPshow and RedShelf are companies from the Chi tech scene that scored a place on the prestigious list. [Built In Chicago]
Reddit is expanding its presence in Chicago by moving into an office in the Merchandise Mart. Reddit will share the space with its parent company Condé Naste, according to Chicago Inno. Reddit currently has 15 employees in the sales-focused office, but the new space will fit around 25 employees. [Chicago Inno]
