BriteCo Gained $9M, Clockwork Raised $2M, and More Chicago Tech News
From jewelry to restaurant equipment parts, Chicago startups are touching a wide variety of industries — and they are raising funds to continue innovating. Find out what some of these Chicago tech companies are up to with the Built In Chicago weekly refresh.
BriteCo gained $9M. BriteCo provides jewelry insurance with its direct-to-consumer insurance platform. The Series A round, led by Brand Foundry Ventures, brings the company’s total funding to $11 million. [Built In Chicago]
Parts Town acquired Encompass Supply Chain Solutions. Parts Town, which provides next-day delivery of restaurant equipment parts, acquired Encompass Supply Chain Solutions, a company providing OEM parts for electronics and appliances. The partnership will allow Parts Town to expand more into the market of appliance parts and other product categories. [Built In Chicago]
CHICAGO TECH QUOTE OF THE WEEK
Clockwork raised $2M. Clockwork is a minority-founded Chicago company working with small businesses to monitor finances and provide them with a five-year financial forecast. The funding round was led by Underscore VC. [Built In Chicago]
Parentaly gained $1.4M. Parentaly is a platform meant to support new working parents, primarily with parental leave. The company raised a seed round of $1.4 million that will go toward enhancing customer experience, increasing its offerings and scaling the company. [Parentaly]