February was a relatively quiet time for venture funding in the Windy City. Even still, the companies with the month’s top capital raises are planning on investing in their business, bringing new innovations and ideas to Chicago’s tech startup scene.
#4 (tied). $8 million, February 16
This startup has gained popularity lately with its circular economy solution that helps companies get rid of potential waste. Its $8 million Series A led by investor High Alpha will enable Rheaply to further invest in new reporting features, implement user sharing controls and improve its UI in order to support a marketplace for materials.
#3. $30 million, February 4
Having pulled in its second fundraise within a six-month period, the food delivery company that offers pre-packaged meals and a countertop smart oven is planning to fund more growth. With a fresh $30 million round led by investor Left Lane Capital, Tovala is looking to further develop its platform, open a new production facility and recruit new talent to its team.
#2. $42 million, February 22
With $42 million in growth funding from investors Almanac Insights and Monogram Capital Partners, the cafe and corner store business is planning to double its store count by the end of the year, adding at least nine new locations in Chicago and Dallas as well as new markets. It’s also looking to expand its line of private label packaged goods and gift offerings and fund nationwide shipping.
#1. $96 million, February 17
This DevOps startup works to help businesses get more out of Salesforce’s service. The $96 million Series B was led by Insight Partners and Salesforce Ventures and will enable the company to invest in growing internationally and expanding its platform. To date, Copado has raised a total of $177 million in funding.
#4 (tied). $8 million, February 11
This Chicago company provides customers with a fingerprint browsing service to pinpoint website visitors who use incognito browsers or methods of the like. With $8 million in Series A funding led by investor Nexus Venture Partners, the startup is poised to further expand its fraud prevention capabilities into the enterprise market space.
-19.jpg)
