The Windy City was bursting with tech action once again last week. Companies closed funding rounds while others won tech competitions. Catch up on HealthJoy’s $60 million raise or read up on monday.com’s new office. This is the Built In Chicago Weekly Refresh.
Monday.com opened a new office. Last week Israeli-based software company monday.com opened a new office in Chicago. Its new office is located in the Old Post Office building. The new office will support the company’s growth plans and is one of the many tech startups now headquartered in the Old Post Office building. The new office comes a few weeks after monday.com opened its U.S. headquarters in NYC. [Built In Chicago]
HealthJoy raised $60M. HealthJoy is a healthcare HR platform that helps employees better know and use their benefits. Last week the company closed a $60 million Series D round that Valspring Capital led. The new capital will be used to accelerate growth and improve user experience. Total funding for HealthJoy now stands at $108 million. [GlobeNewswire]
Chicago Tech Quote of the Week
The CryptoMom App was featured in our Future 5 series. The CryptoMom App is an investment platform designed for women to purchase bitcoin and allocate it to investment accounts to grow their wealth. Kendra Cole, the app’s founder, stated that she started the company after having issues signing up for crypto exchanges. The app is currently on a waitlist but is expected to launch by the end of the year. [Built In Chicago]
Otrafy won a tech competition. Chicago-based Otrafy was one of five companies that won an annual startup competition organized by 43North, an accelerator program designed to grow the Buffalo tech community. Otrafy, which develops a supply chain and food manufacturing platform, won a $1 million investment and will relocate to Buffalo. [Built In Chicago]
LanzaTech announced a new collaboration. Under the new partnership, LanzaTech, a publicly-owned company that repurposes carbon waste, will collaborate with Woodside Energy. Together the two companies will work to scale LanzaTech’s technology and develop new products. As part of the collaboration, Woodside will invest $50 million into the common stock of AMCI Acquisition Corp. II, a special purpose acquisition company that is expected to merge with LanzaTech. [GlobeNewswire]
