Tech startups in Chicago pulled in a wide range of venture capital sums last month, accumulating over $1 billion total. Read more to learn about how these companies are planning to invest the new funding.
#5. $25 million, January 28
The sales and content management company’s platform works to assist major brands like Disney and IBM in creating custom B2B materials. Its $25 million funding round from investors including Boathouse Capital will enable Mediafly to accelerate its product vision and continue working to set apart its approach to customer success. To date, the company has raised $50 million in total funding.
#4. $40 million, January 25
Ocient’s platform helps companies process enormous amounts of data. The $40 million Series B round for the data analytics startup brings the company’s total funding up to $65 million. With the new funding, Ocient is looking to grow its team and anticipated 150 new hires by the end of the year. It has open roles in engineering, customer success, operations, sales and marketing.
#3. $150 million, January 12
ICONIQ Growth invested $150 million in this fintech company, establishing its valuation at $1.5 billion. Asset and investment managers use Enfusion’s platform to better serve their clients with insights to portfolio overviews and more. The new capital will fuel the company’s growth into new markets as more clients sign on around the globe.
#2. $200 million, January 26
Upon merging with machine learning expert Brainspace, the AI-based e-discovery company plans to build a platform that caters to the e-discovery needs of legal professionals. With the $200 million investment from K1 Investment Management, Reveal will expand several of its teams including sales and marketing, R&D, customer success and more.
#1. $720 million, January 15
The consultancy helps clients design, build and execute digital products. ThoughtWorks closed on a $720 million round led by investors including GIC, Siemens AG and Fidelity Management to buy back equity and grow internationally. The software developer helps companies with their digital transformations, and to date it has a valuation of $4.6 billion.
