Coinflip Is Relocating, Loadsmart Is Hiring 200, and More Chicago Tech News

Despite a quieter week on the lakefront, a handful of Chicago tech companies came through with growth-oriented moves. Find out which companies are expanding and growing their teams. This is the Built In Chicago weekly refresh.

Written by Ashley Bowden
Published on Aug. 31, 2021
Coinflip Is Relocating, Loadsmart Is Hiring 200, and More Chicago Tech News
coinflip
photo: CoinFlip / Facebook

Despite a quieter week on the lakefront, a handful of Chicago tech companies came through with growth-oriented moves. Find out which companies are expanding and growing their teams. This is the Built In Chicago weekly refresh.

Betsperts pulled in $6MOperating a platform that brings a social aspect to sports betting, the company is aiming to provide users with a way to make their bets based on crowdsourced info. After closing a Series A round led by HBSE Ventures and Verance Capital, Betsperts is planning to grow across marketing and technology as well as add more content to its platform. [Built In Chicago]

Loadsmart to hire 200Working in the freight and logistics sector, Loadsmart offers an AI- and machine learning-powered platform that automates tasks like booking, pricing and shipping. Loadsmart is planning to massively expand its footprint with a new 40,000-square-foot office in the works and plans to onboard 200 new additions to its 500-person team. The company has recorded rapid growth recently as it looks to fill roles across customer success, sales, engineering, marketing, HR and more. [Built In Chicago]

Chicago Tech Quote of the Week

“We’re proud to have founded CoinFlip in Chicago, Illinois, which has been our home for the last six years, and are excited to announce we’re growing.... We’re committed to doing our part for the future of cryptocurrency as well as for the Chicago community — and that’s why we’re making long-term plans to grow our team here while investing in programs to help local communities benefit from the expansion of cryptocurrency technologies.” —CoinFlip CEO Ben Weiss

CoinFlip moved its HQThe financial services company offers ATMs that allow users to buy and sell different cryptocurrencies. Having experienced rapid growth, like a 5x revenue surge last year, CoinFlip is expanding into the Old Main Post Office building. Occupying a 44,000-square-foot space, the company is planning to fill 30 new positions across all departments in the near future. [Built In Chicago]

PAWS Chicago enabled crypto donationsAs more pet enthusiasts take a shine to cryptocurrency, the organization that works to build no-kill animal communities for cats and dogs announced its acceptance of “Dogenations.” The offering was made possible through a pro-bono campaign with creative advertising agency Leo Burnett, which donated over 180 out-of-home ads for the cause. [PAWS Chicago]

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