These Chicago Tech Companies Raised April’s Largest Rounds

Learn how the innovators that raised last month’s largest venture rounds are investing the fresh capital.

Written by Ashley Bowden
Published on May. 01, 2024
These Chicago Tech Companies Raised April’s Largest Rounds
Photo: Shutterstock

While the Chicago tech scene has been on the quieter side lately, many local companies have continued fueling growth. From developing new pharmaceutical treatments to building AI-powered business tools, find out how the Chicago tech innovators that raised last month’s largest rounds are enhancing their solutions.

Top Chicago Tech Funding Rounds, April 2024

  1. Circana
  2. Nucleai
  3. Renterra
  4. Continuum

 

#4. $1.7 million, April 23

Continuum, a company that helps other businesses optimize their operations and fuel growth, raised $1.7 million for its AI-powered platform. M25 led the round that will help Continuum scale its operations and grow its implementation team. The company aims to build a B2B returns, warranties and repairs management network.

 

#3. $3 million, April 16

Bienville Capital led a round of funding for equipment rental platform Renterra. The company offers companies a cloud-based operating system that works to streamline all aspects the equipment rental process. Its new funding will go toward product development and expanding its market reach.

 

#2. $14 million, April 3

Biotech innovator Nucleai uses spatial AI to track cellular interactions within tissue samples and predict treatment outcomes. The company raised $14 million from lead investor M Ventures to deploy its AI algorithms for the prospective enrollment of patients in clinical trials. Its tech lets pathologists navigate complex diseases such as cancer using AI-guided plans.

 

#1. $1.2 billion, April 23

Circana, a company providing analytics and data on consumer behavior to its portfolio of brands and retailers, secured a $1.2 billion continuation vehicle from Vestar Capital Partners. The company will put the capital toward deepening its customer relationships and expanding into new markets and regions.

 

Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in April by tech companies with a headquarters in Chicago. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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