Hallow pulled in $50M. Hallow, a faith-based mobile app for audio-guided prayers, announced the close of its Series C funding round led by Goodwater Capital. The platform also achieved the milestone of surpassing 10 million downloads on the App Store. Its latest round brings its total funding to $105 million, and Hallow is hiring new talent following the raise. [PR Newswire]
Obie got $25.5M. Obie is a provider of landlord insurance, serving residential real estate investors with quote generation and other digital tools. The insurtech company announced a Series B funding round led by Battery Ventures that will go toward expanding its partnerships into more industries and developing more insurance products. [Business Wire]
Chicago Tech Quote of the Week
“We’re excited to have the ongoing support of our investors as we continue to build insurance products that drive efficiency and change the way insurance is bought and sold. This funding supports the future of embedded insurance, as we expand our partnerships across industries and offer additional insurance products to clients.” —Ryan Letzeiser, Obie CEO and co-founder.
Visual Feeder secured $100K. Founded by a DePaul University alumnus, Visual Feeder works to transform underutilized storefronts into places for brand campaigns and artwork. The company’s seed round was the first investment made from DePaul’s Halperin Emerging Company Fund. It will go toward growing the team and generating revenue for the solution. [Chicago Inno]
