The Chicago tech scene saw big growth last week, including company expansions and funding rounds to fuel its development. Read on to find out what these companies are up to. This is the Built In Chicago weekly refresh.
BloXroute raised $70M. BloXroute provides a distribution network that boosts the speed of blockchain transactions. The Series B round, led by SoftBank Vision Fund 2, will be used for hiring efforts. The company has several positions available. [Built In Chicago]
Shipfusion gained $40M. Shipfusion creates logistics and e-commerce solutions. It also owns and operates several fulfillment centers, along with three distribution centers. Shipfusion received a growth equity investment from Kayne Anderson Capital Advisors that will be used to expand globally. [Built In Chicago]
CHICAGO TECH QUOTE OF THE WEEK
Leaf Trade raised $12.5M. Leaf Trade is a wholesale cannabis platform that provides cannabis companies with tech solutions to make sure orders follow state regulations, as well as other solutions to track payments and data. The Series B round, led by Artemis Growth Partners, brings the company’s total funding to $22.5 million. [Built In Chicago]
Facebook’s office grows. Facebook, operating under Meta, has grown since its Chicago office first opened in 2007, multiplying from less than ten employees to 500. The headcount has continued to grow despite a work-from-home period that lifted in August. The company will continue to grow, but did not give a specific number. [Chicago Inno]
