Chicago tech companies made several exciting announcements last week, including acquisition proposals and new funding announcements. Catch up on CVS Health’s bid to acquire Oak Street Health, or read up on the startup using artificial intelligence to create sustainable chemicals and fuels. This is the Built In Chicago Weekly Refresh.
CVS Health announced plans to acquire Oak Street Health. After weeks of speculation, CVS Health submitted a proposal to acquire the primary care network Oak Street Health. The network was founded in Chicago and uses its tech platform to provide affordable medical care for older adults. The deal is valued at $10.6 billion. [Built In Chicago]
Mattiq raised $15M. Mattiq uses AI to analyze chemical combinations to create sustainable chemical and fuel products. Last week the company publicly launched and raised a $15 million in a seed round led by Material Impact. Mattiq also appointed Jeff Erhardt as its new CEO. [Built In Chicago]
Chicago Tech Quote of the Week
“We’ve been able to see monthly sales grow 10x and are ready to continue to grow and build on that momentum. Hopefully, over the next 12 to 24 months, it means growing the team, working with bigger brands and making a mark here in Chicago.” — Brock Jones, The Dibz co-founder and CEO
The Dibz was featured in the Built In Future 5 series. The Dibz is a Chicago startup that helps clothing brands sell their excess inventory at discounted prices to The Dibz members. The company was founded by Autumn Schultz and Brock Jones and has partnered with high-end brands and independent Shopify brands. Going forward, The Dibz hopes to build out its team. [Built In Chicago]
Beacon launched a direct-to-consumers product. Beacon is a women-owned business that develops personal and community health products. Its new D2C product is an internet-enabled room sanitizer that uses UV light to kill bacteria. The product is expected to ship in Q2 and starts at $499. [Chicago Inno]
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