These 5 Chicago Companies Raised Over $176M in January

February 3, 2020

chicago

January saw five Chicago startups collectively raise over $176 million in funding. ActiveCampaign took the number one spot with a giant $100 million round. Read on to find out the details of this month's top equity rounds in the Windy City.

 

#5, $4.45 million, January 6

ThirdPartyTrust offers a vendor risk management platform, helping companies address security issues that come from the vendors they work with. Capital Midwest Fund and Cultivation Capital led the seed funding round. With the new funds, it plans to open offices in New York and Boston.

 

#4, $6 million, January 20

Samya.AI helps consumer packaged goods companies to grow their revenue. Sequoia Capital India led the seed round. The company's software anticipates potential sales, inventory and pricing risks, and funnels those insights into one place.

 

#3, $16 million, January 9

Updata Partners led the Series B round. Practifi want to make life easier for financial professionals with its platform by automating workflows and putting all their data in one place. The company plans to use the funding to hire new employees and fast-track some features.

 

#2, $50 million, January 3

Clearcover wants to offer a better deal on insurance by cutting costs and using tech to streamline its operations. The Series C round brings its total raised to $104 million since its founding in 2016. With the funds, the company plans to expand into new markets and build on its proprietary tech.

 

#1, $100 million, January 28

ActiveCampaign tops the list with one of the largest Series B rounds ever in Chicago. The marketing tech company offers a customer experience automation platform. With the funds, it plans to continue to expand globally and to create new products.

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