In March, five Chicago startups raised a combined total of $198.5 million in funding. Healthtech company Tempus took the top spot with a massive $100 million round. Read on to see details on the largest funding rounds in Chicago tech last month.
#5. $2.5 million, March 17
The startup helps businesses recycle unused items. Hyde Park Angels led the seed funding round. With the funds, it’ll continue to build out its platform as well as add new employees.
#4. $6 million, March 18
The app helps college students qualify for loans by offering credit-building microloans. LexinFintech led the Series A, which also included another $6 million raised last June. It plans to use the investment to expand its presence in the United States.
#3. $10 million, March 26
The logistics startup offers a platform for carriers and shippers to help with international shipping. U.S. Venture Partners led the Series A round. It brought its total funding to $14.5 million.
#2. $80 million, March 24
Its alternative meat and dairy products contain a protein called Fy, which is a “complete protein.” Generation Investment Management and Breakthrough Energy Ventures both led the funding. The company plans to double its current employee headcount of 50.
#1. $100 million, March 13
Its genomic and data analytics platform uses AI and machine learning to deliver insights to doctors. This Series G round brought its valuation to $5 billion. Currently focused on cancer, it plans to use the funds to expand its work into other disease areas like diabetes and depression.
