Weekly Refresh: Signal Acquired, PhilanthroTEA Gives Back, and More

August 24, 2020
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CoPilot launched with $10M Series A. Its platform gives consumers expert advice on big-ticket purchases. Next Coast Ventures led the round. [Built In Chicago]

Keeper Security raised $60M. Its cybersecurity platform helps prevent data breaches and cyber threats by protecting passwords. Insight Partners provided the investment. [Built In Chicago]

PhilanthroTEA founded on philanthropy. The company, started in late March just as the pandemic was ramping up, donates 20 percent of its profits to Chicago non-profits. It sells loose tea blends. [Forbes]

Signal acquired by TransUnion. The ad-tech startup Signal announced its acquisition by credit reporting agency TransUnion. It provides data to brands to help them gain more knowledge about their customers and has raised more than $60 million so far. [ChicagoInno]

Spence helps cannabis industry go cashless. The payment solution for the legal marijuana industry lets shoppers make an account, connect their bank and pay using a unique QR code. This has also proved even more useful during the pandemic as people seek contactless options. [ChicagoInno]

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