Weekly Refresh: Paradox Raised $40M, Uber Eyes Grubhub, and More

May 18, 2020
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ActiveCampaign passed $100M in annual recurring revenue. The marketing tech startup provides users with hundreds of personalized messages for social media, email, messaging and text. It wants to cover the entire customer experience in terms of automation. [Built In Chicago]

Paradox gained $40M. The company is headquartered in Scottsdale but has a significant Chicago presence. Its AI platform helps HR and talent teams automate administrative tasks and deliver candidate and employee communications. Brighton Park Capital led the Series B round. [BusinessWire]

Uber reportedly made a takeover offer for Grubhub. The news sent share prices for both companies higher on Tuesday of last week. Food deliveries have skyrocketed due to the pandemic, but restaurants are still struggling. [Chicago Sun-Times]

Tock raised $10M. Nick Kokonas’ restaurant reservation startup pivoted to food delivery with Tock to Go once the pandemic lockdown began. Valor Siren Ventures led the funding round. [Built In Chicago]

Chicago CEO COVID-19 Coalition put on Sweet Home Chicago Telethon. The line-up included Common, Jeff Tweedy, Jamila Woods and more. The telethon raised over $681,000 as of Monday morning. [Sweet Home Chicago Relief and Recovery]

Last year, VCs invested $20B in non-coastal startups including Chicago. In 2010, that number only reached $6 billion, a new report pointed out. It remains to be seen how the pandemic will affect this growth. [Built In Chicago]

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