Tech news on the lakefront was fairly chill last week, but local innovators still made time to announce fundings, rebrands and product launches. This is the Built In Chicago Weekly Refresh.
Mycocycle raised $2.2M. Located in Bolingbrook, Mycocycle developed a solution that employs mushrooms to remove toxins from waste and covert it into useful materials for the construction sector. The company announced a round of seed funding led by Anthropocene Ventures that will go toward product development and hiring new talent. [Chicago Inno]
Chicago Tech Quote of the Week
“The name ‘Euna’ derives from ‘unity,’ which is highly relevant to the direction of our company. Not only are we unifying the most proven technologies in the space, but we’re using this combined power to enable the public sector to deliver better outcomes to the communities they serve.” —Craig Ross, Euna Solutions CEO
GTY Technology rebranded to Euna Solutions. The company works to help entities in the public sector improve their operational efficiencies. Euna’s platform offers cloud-based tools to streamline tasks like procurement, payments, grant management and budgeting. The company’s new name means to reflect the work it has done to fuel digital transformation in the public sector. [Business Wire]
PromoShare launched its marketing tech. PromoShare’s digital platform helps sports teams, artists and the like employ the help of their fans to create online content. The company works to help clients like Warner Music Group and NASCAR maximize their fan engagement and revenue. To date, the platform has secured $250,000 from angel investors to further its tech. [Built In Chicago]
