Rheaply Secured $2.2M, G2 Raised $157M, and More Chicago Tech News

June 28, 2021
photo: g2 / twitter

With new executive hires, acquisitions and more, find out how these startups are fueling growth in the Windy City. This is the Built In Chicago weekly refresh.

G2 pulled in $157MNow the latest unicorn in Chicago’s tech scene, the B2B software provider is planning to expand its reach. G2 offers a place for customers to discover, review and purchase the tech they need, and it’s grown to serve 60 million software buyers a year. The Series D funding was led by Permira and enables G2 to hire new talent across customer success, marketing, engineering, sales and more. [Built In Chicago]

Samya.ai was acquired by FractalIts software employs AI and machine learning to help CPG brands plug sales leaks and improve growth, regaining their lost revenue. Samaya was acquired by Fractal, a consulting firm that helps organizations with AI, engineering and design. Terms of the acquisition were not disclosed. [Chicago Inno]

Chicago Tech Quote of the Week

“Given Microsoft’s status as a leader in corporate sustainability efforts, we are thrilled to be able to collaborate with them. We are thrilled to have the support of Microsoft and MIT Solve as we work to change the way that organizations view reuse efforts and empower every employee to contribute to corporate net zero carbon and waste efforts.” —Rheaply’s CEO Garry Cooper

Rheaply got $2.2MThe company’s platform combines an asset management system with an online marketplace to help organizations share resources with one another, a move made in the interest of sustainability. It received an investment from Microsoft’s Climate Innovation Fund as well as one from MIT’s Solve Innovation Future. Already serving organizations like Google and the U.S. Air Force, Rheaply is investing in expanding and implementing a carbon product roadmap with help from Microsoft. [Built In Chicago]

Kin Insurance hired new executivesThe insurtech company brought on Victor Lee, formerly of RXBAR, as its new CMO. Lee will be responsible for Kin’s customer acquisition, brand marketing and communications. Also joining the Kin Insurance team are Heidi Helfand as VP of engineering growth, Zachary Debelak as VP of product, Adam Sturt as VP of data science, Michael Kelly as VP of financial planning and analysis and Andrew Deckert as deputy general counsel. [PR Newswire]

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