Rheaply raised $2.5M. The startup helps organizations recycle unused items. Hyde Park Angels led the seed round. [Built In Chicago]
Boro gained an additional $6M. The company’s mobile app helps college students get loans. LexinFintech led the second half of its Series A round, bringing the total to $12M. [Built In Chicago]
Abbott to ship 150K COVID-19 tests to labs and hospitals. The Chicago-based medical device maker already sent tests to labs and hospitals in 18 states. It reportedly plans to provide one million tests per week. [Chicago Inno]
FinanceFuel reports rise in loans to help startups with cash flow. The company focuses on loans for business-to-business growth-stage startups. It reports it has seen a big increase in loan inquiries due to COVID-19. [Chicago Inno]
Tock launched a new to-go platform. The company aims to assist dine-in restaurants during coronavirus shutdowns. Tock moved quickly to launch over the past week to help as many restaurants as possible, featuring restaurants like Alinea, Big Star and Roister. [Forbes]
