Venture capital investments were widespread across several areas on the Windy City tech scene. Companies in healthcare, energy, data and cybersecurity pulled in fresh capital raises to back their innovations. Read more to find out what they’re working on.
Largest Chicago Tech Funding Rounds, March 2024
- Coro
- Ocient
- WarpStream Labs
- Fuel Me
- HabitNu
#5. $14 million, March 7
As part of an initiative with the CDC, health and wellness company HabitNu banked $14 million. The initiative aims to bring diabetes prevention programs to populations largely impacted by type 2 diabetes. HabitNu will launch a nationwide administrative network to connect referral organizations, program providers and payers to deliver these programs.
#4. $18 million, March 22
Offering a solution for fuel procurement and management, Fuel Me has made more than 20,000 fuel deliveries to hundreds of business customers. The company pulled in $18 million in a funding round co-led by Pritzker Group Venture Capital and Tribeca Venture Partners that it plans to invest in advancing its technology and deepening its focus on customer service.
#3. $20 million, March 14
WarpStream Labs offers cloud-native data streaming infrastructure that works to reduce cost and operational burden by separating compute from storage. Greylock and Amplify Partners led a $20 million round of funding that WarpStream will put toward hiring engineering talent, scaling its go-to-market team and developing new product lines.
#2. $49.4 million, March 11
In a Series B extension raise, data analytics company Ocient secured $49.4 million. The company offers a comprehensive solution for analyzing complex, large-scale data in an energy-efficient manner. Investors including Buoyant Ventures and Levy Family Partners participated in the raise that brings Ocient’s venture funding to $119 million. The capital will help the company enhance its product capabilities.
#1. $100 million, March 28
One Peak led a round of Series D funding for Coro, a cybersecurity platform that provides endpoint protection, email and user protection as well as cloud protection for medium-sized enterprise customers. The company aims to expand its global network of partners to bring its solution to more organizations.
