Jiobit Acquired, Catch Co. Raised $38M, and More Chicago Tech News

May 3, 2021
Catch Co.
photo: Catch Co.

A diverse array of developments made their way onto Chicago’s tech scene last week. Find out how these companies are striving for success. This is the Built In Chicago weekly refresh.

Arturo got $25MUsing advanced imaging and AI tech, this company helps realtors and insurance providers accurately assess physical properties without ever being there. With its latest injection of cash, Arturo is looking to advance its product and grow its headcount. It’s also planning to make new partnerships and pursue international expansion. [Built In Chicago]

Catch Co. secured $38MThe company has developed a platform for fishing enthusiasts and offers content and gear used for the sport. With a fresh installment of Series B funding led by investor True Ventures, Catch Co. is looking to hire new team members, expand into new product categories, create new videos and try out new commerce options. [Built In Chicago]

Chicago Tech Quote of the Week

“We’ve long wanted to expand beyond the smartphone into wearable devices, and Jiobit offers the market-leading device for pets, younger children, and seniors. With Jiobit, Life360 would be the market leader in both hardware and software products for families once the deal closes.” —Chris Hulls, CEO and co-founder of Life360

Jiobit is being acquired by Life360The Chicago-based company developed a device that tracks the wearer’s GPS, cellular data, bluetooth and Wi-Fi, so their location can be monitored via Jiobit’s mobile app. SF-based Life360 specializes in family-tracking tech, and hopes to acquire the company in a non-binding deal for $37 million. [Built In Chicago]

Hologram announced its new CPOPreviously holding the same position at Main Street Hub, Mark Georgoff joined Hologram as the company looks to further its growth in the IoT space. The company works to connect any device to a mobile network and is planning to expand across revenue, device usage, lead generation and its headcount. [PR Newswire]

Cameo adds PayPal as an investorHaving seen plenty of success recently, the fast-growing marketplace for personalized video gifts from celebrities announced its latest move — a new partnership with a payments giant. The startup is looking to expand overseas with hopes of developing a seamless way to disperse payments to international members of its talent pool. [Forbes]

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