These 5 Chicago Tech Companies Raised April’s Largest Funding Rounds
The month of April saw several funding rounds and announcements coming from Chicago tech companies. Five startups raised a combined $229 million in capital — slightly up from the $223 million raised in March. See where the investments came from, and what these companies have in store.
#5. $21 million, April 21
LiveBash is an entertainment tech company that integrates software and blockchain with live performances. The company received a seed funding round and will open its first venue later this year in Chicago. Stages in Nashville and Los Angeles will open in early 2023.
#4. $35.4 million, April 26
Waltz Health provides tools for consumers to make better decisions regarding prescriptions. The company launched with $35.4 million led by GV, formerly Google Ventures. The funding will go toward product development and scaling Waltz Health’s team.
#3. $40 million, April 13
Shipfusion provides solutions for the e-commerce industry and also operates its own fulfillment centers. The company, founded in 2014, helps businesses process shipments and returns. Shipfusion received a growth equity investment that will be used to expand and open more fulfillment centers.
#2. $63 million, April 21
Revenova provides a transportation management system on the Salesforce cloud platform. The company received $63 million that will go toward product innovation and expanding multiple teams, including customer service, development, sales, marketing and product innovation.
#1. $70 million, April 12
Softbank Vision Fund 2 led a Series B round for BloXroute Labs, a blockchain network for crypto traders. The company currently employs 30 individuals but is actively hiring for several roles.