The Chicago tech community is on the move following FedEx’s recent investment into a local logistics startup. Read up on how the two companies will work together and find out about an app that lets parents open investment accounts for their newborns with the Built In Chicago Weekly Refresh.
FedEx invested in FourKites. FourKites is a Chicago-based logistics software company that provides data and supply chain visualization for enterprises that move a lot of products to different destinations. Together both companies will develop new software that is meant to give actionable insights to businesses to avoid supply chain hiccups and reduce product shortages in stores. [Built In Chicago]
ActiveCampaign expanded its leadership team. Providing automated customer experience solutions such as email marketing, sales engagement and marketing automation, ActiveCampaign has been quickly expanding to meet the demand of the 180,000 customers it helps. To meet the demand, the company recently appointed two new executives. Sameer Kazi joins as president of ActiveCampaign, and Kelly O’Connell has been promoted to SVP of product strategy. The appointments come not long after ActiveCampaign announced that it acquired Postmark and DMARC Digests. [Bussiness Wire]
Chicago TECH QUOTE OF THE WEEK
EarlyBird highlighted in Built In’s Future 5 feature. Co-founded by Jordan Wexler and Caleb Frankel, EarlyBird is a mobile app that provides investment portfolios for parents to put aside money for their children. The app works by making continuous contributions as the child grows. At age 18, the child gets ownership of the custodial account. Through the app, friends and family can also give monetary donations that are then invested as well. [Built In Chicago]
