Founders First Capital Partners pledged $5M. Founded in 2015, the San Diego-based company wants to invest in diverse Chicago founders. Its first local investment is verification software startup OnShore Technology Group. [Built In Chicago]
The Mom Project to offer tech scholarships. Its new nonprofit arm, MomProject.org, wants to provide 10,000 scholarships to women of color interested in tech. The new program, called RISE, will operate over the course of three years. [Built In Chicago]
SpotOn raised $60M. The SF-headquartered fintech startup creates hardware and software to help with point-of-sale transactions for SMBs. The company plans to double its Chicago headcount and expand its local footprint. DST Global led the Series C round. [Built In Chicago]
NextCapital got $30M. Its algorithms work to automate and memorialize the personal nature of private pension savings. FP Credit led the Series D. [Built In Chicago]
mHUB launched accelerator. The program focuses on early stage, high-potential physical product startups. The six-month accelerator will bring on 10 different companies. [Press Release]
