KeyCare Raised $24M, Sabanto Gained $17M, and More Chicago Tech News

Catch up on the latest Chicago tech news with the Built In Chicago Weekly Refresh.
Written by Abel Rodriguez
August 22, 2022Updated: August 22, 2022
CHI Refresh 08.22.22
Photo: Codeverse / LinkedIn

It was a busy week for Chicago tech startups, with many companies closing deals while other startups celebrated their inclusion on the Inc. 5000 list. Catch up on KeyCare’s $24 million raise or learn about autonomous tractors with the Built In Chicago Weekly Refresh. 

Inc. released its Inc. 5000 list. Several Chicago-based startups were featured on the list, including CDL1000, which was ranked the third fastest-growing company in the country. TransLoop ranked #12, TheMathCompany came in at #77, ThreeKit was ranked #80 and CoinFlip came in #92. Rankings were determined by revenue growth over the past three years. [Built In Chicago]

KeyCare raised $24M. KeyCare is a 24/7 telehealth platform that is available in all 50 states. With the new funding, the company is looking to increase its headcount as it prepares to grow its presence. The funding round comes as telehealth options have become popular with patients due to convenience. [Built In Chicago]

Sabanto raised $17M. Sabanto manufactures equipment to convert small tractors into autonomous ones. With the new funding, Sabanto plans to scale its autonomous solutions and make them available to more people. [Built In Chicago]

Chicago tech Quote of the week

“Coding is one of the fastest-growing segments in education, yet the tools and resources for students have not kept up with the increasing demand.” —Chuck Cohn, founder and CEO of Nerdy

Codeverse was acquired by Nerdy. Founded in 2017, Codeverse offers online coding courses to children ages 6 through 13. The platform also gives parents several tools to schedule courses and track their child’s progress. With the acquisition, Codeverse will now begin to offer its courses to school districts that partner with Varsity Tutors and its parent company Nerdy. [Built In Chicago]

Reverb hired a new executive. Last week Reverb, an online marketplace that sells new and used musical equipment like guitars and sound mixers, announced that it appointed Bradford Shellhammer as its new chief product officer. Shellhammer was the former vice president of eBay. Besides his extensive experience at one of the largest e-commerce sites, Shellhammer has also founded several other e-commerce companies in the past. [Email]

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