Venture capital funding boosted Chicago tech companies across a variety of sectors last month. The Windy City’s six largest tech funding rounds in June totaled more than $107 million, a 12 percent drop from the $123 million raised by the top five funding rounds the month before. Read on to find out which companies raised funds and how they plan to use their fresh capital.
#6. $10 million, June 2
Chicago-based Journera, a travel analytics startup, raised $10 million in a Series B-1 round, bringing its fundraising total up to $30.6 million. Journera provides travel agencies and other companies with real-time data about when and where consumers are planning to vacation.
#5. $10.25 million, June 2
Tripscout raised $14 million, of which $10.25 million is a Series A funding round co-led by existing investors Accomplice and Corazon Capital with the remaining $3.5 million as venture debt. Tripscout’s hotel booking platform advertises special rates that are up to 75 percent less than public rates. Users can join the private platform by direct messaging any of the company’s Instagram accounts.
#4. $11 million, June 14
Atmos Labs secured $11 million in its first venture capital raise. The company will use the funding to begin development on its virtual gaming platform where players can play virtual sports, generate value from gameplay and trade interoperable digital assets.
#3. $16.4 million, June 30
Founded in 2017, Logiwa is a cloud fulfillment platform for direct-to-consumer businesses. Its latest Series B round was led by NewRoad Capital Partners and will be used to further develop its platform. The Chicago-based company is actively hiring across multiple departments.
#2. $20 million, June 7
Chicago-based Rheaply secured $20 million in new funding to expand its resource exchange platform, which facilitates a circular economy by allowing businesses to list unwanted furniture, computers and other materials for other companies to use or rent.
#1. $40 million, June 16
Elevate K-12 secured $40 million in a Series C funding round, bringing its total venture capital raised to $54.2 million, according to Crunchbase. With teacher shortages on the rise, Elevate’s platform connects teachers virtually to classrooms where needed.
