You may have felt that slight temperature drop over the past few days. It’s officially fall here in Chicago, and although the weather is cooling down, the tech scene is still heating up. Here’s the Chicago tech news you may have missed in the past week.
Provi raised $75M. Bars and alcohol retailers have to work hard to make sure they have your favorite adult beverages in stock. This means regularly sending out numerous order forms via phone or invoice to multiple different alcohol distributors. Provi wants to make this process a lot easier, so it designed a single platform where alcohol retailers can connect to multiple distributors for all their ordering needs. This has proven to be a lucrative business for Provi, which is now valued at $750 million after its Series C raise. [Built In Chicago]
Enfusion just filed to go public. Enfusion became one of Chicago’s tech unicorns earlier this year after raising a $100 million funding round at a $1.5 billion valuation. But it’s not stopping there. The company filed paperwork with the SEC in order to be listed as a public company on the New York Stock Exchange. According to the paperwork, the company could raise up to $100 million through the IPO. It will be traded under the “ENFN” ticker symbol. [Chicago Inno]
CHICAGO TECH QUOTE OF THE WEEK
NOCD got $33M. The NOCD app works twofold. It acts as a telehealth platform connecting people with OCD with licensed therapists, and it also provides them with resources and exercises to combat OCD symptoms. Millions of people around the world live with OCD, and while therapy can be effective, NOCD’s mobile app provides people with help around the clock, whenever they need to curb their compulsions. This new funding will allow the company to grow and reach more individuals. [Built In Chicago]
Chicago-based project44 acquired Austin-based Convey for $255M. Both companies operate in the logistics and delivery space, with project44 providing real-time supply chain visibility and Convey offering last-mile delivery technology. This is project44’s third acquisition of the year, and also its largest. The company raised $202 million just a few months ago, which may have helped it fund these large acquisitions. [project44]
General Lattice secured $1M in its pre-seed funding round. Founded in 2018, General Lattice creates computational and digital manufacturing solutions (think 3D printing and computer-aided design software). This sort of technology can help manufacturers unlock processes that were previously thought impossible, allowing them to bring unique designs to life in a new way. The new funding will allow General Lattice to go after new customers, and invest resources in its R&D contract with the U.S. Army. [General Lattice]
