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
- Circana
- Nucleai
- Renterra
- 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.
