Built in Chicago: The Future 5 of Chicago Tech, Q4 2021

In this big city there are always numerous small startups trying to create something new. While it’s easy to highlight the Chicago tech unicorns with name recognition, the smaller players often go unrecognized.

That’s why Built In has rounded up five early-stage tech startups doing interesting things. Just because they’re small now, doesn’t mean they’ll stay that way forever.

Read the full article on Built in Chicago.

Chicago Inno: Online grocery startup raises $4M, plans first location in 2022

The Covid-19 pandemic made online grocery shopping the norm for many Americans. Now, a Chicago startup is bringing a new twist to the digital grocery ordering experience with its pickup-only locations.

Fresh Street, founded this year by Mike Sayles, is launching physical grocery stores built entirely for online orders and pickup—no in store shopping. The company says its first location will open in Chicago in early 2022. 

Read the full article on the Chicago Inno.

Chicago Inno: Chicago ad-tech firm Centro, now named Basis Technologies, to go public

Centro, a 20-year-old Chicago advertising-tech company, is preparing for an IPO.

The company, now named Basis Technologiesannounced Thursday that it has confidentially filed a draft registration statement with the SEC for an initial public offering. The number of shares to be offered, and the price range for the IPO, has not yet been determined, the company said. The IPO is expected to take place once the SEC completes its review process.

Read the full article on the Chicago Inno.

Chicago Inno: New fund Capitalize VC wants to invest $10M in Black and Latino founders

There’s a new fund in Chicago that wants to support more founders of color in the city and across the U.S.

Capitalize VC announced its launch this week, with plans to raise $10 million for its initial fund. Its goal is to invest in early-stage technology companies and lifestyle brands led by Black and Latino founders, with plans to back around 40 startups from this first fund.

Read the full article on the Chicago Inno.

Built in Chicago: Chicago Has Already Almost Doubled Its Record Annual VC Funding in 2021

With one quarter still remaining in the year, Chicago has almost doubled its annual record for venture capital funding.

Chicago companies have already netted $5.5 billion in deals, which is an 84.4 percent increase over its previous annual record, according to the Q3 edition of the PitchBook-NVCA Venture Monitor.

Read the full article on Built in Chicago.

STEM and Gaming: How eSports Enables Education and Workforce Opportunities

Since 2004, the sySTEMnow Conference has become a cornerstone of STEM-related awareness in our region: Creating a forum for a timely discussion of STEM issues and ideas. This year, Verizon participated with a panel “STEM and Gaming: How eSports Enables Education and Workforce Opportunities” featuring Verizon’s Steven Shaw, Community Engagement Director, Verizon; Wendell Willis, Executive Director, Milwaukee Public Schools Foundation; Erica Davis, Project Manager, Experis; Brandon Tschacher, Connector, MKEsports Alliance; and Dr. Krista-Lee Malone, Faculty Associate, University of Wisconsin-Madison.

Watch here:

Built in Chicago: Global Healthcare Exchange Acquires Chicago-Based Explorer Surgical

On Thursday, Colorado-based healthcare company Global Health Exchange announced its acquisition of Chicago-based Explorer Surgical. Exact financial terms of the deal were not announced, and Explorer Surgical’s operations will remain in Chicago — with the company operating as a wholly owned subsidiary of GHX.

Read the full article on Built in Chicago.

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