The Chicago tech scene is making strides as the year continues on, as evidenced by February’s leading tech funding rounds. The top five rounds raised last month brought in a combined total of $325.6 million in new funding. See what these companies plan to do with their fresh investment.
#5. $1.6 million, February 14
As more food companies and restaurants rely on technology for take-out and ordering, Science on Call is there to help these companies with 24/7 on-demand technology support. The company gained $1.6 million in pre-seed funding from multiple investors.
#4. $9 million, February 10
LandscapeHub, as you may have guessed, is a wholesale marketplace for landscaping needs. The company raised a Series A round co-led by Hyde Park Venture Partners and a Klaff Realty affiliate with participation from Open Prairie Rural Opportunities Fund. The funding will go toward increasing its platform’s capabilities as well as expanding the company’s footprint. Along with the investment, Hersch Klaff of Klaff Realty will also be joining the board of directors.
#3. 20 million, February 17
AKHAN Semiconductor produces lab-grown diamonds, like the type of diamonds used in commercial products such as iPhone glass and smartwatches. The company raised $20 million in funding in the form of a committed capital agreement with “strategic financial partners" who have not been named. AKHAN also appointed John Thode as COO and president and Craig Mitchell as CEO.
#2. $95 million, February 1
League is the medical platform-as-a-service (PaaS) company that allows patients to access personal medical records, pay bills, access services and more. The company raised a Series C round led by TDM Growth Partners that will go toward scaling its platform.
#1. $200 million, February 1
The freight and logistics company gained its horn after receiving $200 million in funding that brought its valuation up to $1.3 billion. Loadsmart plans to hire for over 100 positions throughout the next several months. The funding round was led by the SoftBank Latin America Fund.
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