On Tuesday, Network Perception announced that it raised a $13 million Series A funding round. The round was led by The Westly Group, a VC firm that invested in Tesla back in 2008 as well as other early-stage startups. According to Network Perception, the company has raised $15.73 million in venture funding to date.
Paladin said Tuesday it raised $8 million in a Series A round led by Atlanta-based World Within. Other investors include Mark Cuban, Hyde Park Venture Partners, the American Family Institute for Corporate and Social Impact, Cleveland Avenue’s CAST US fund and others. Paladin has now raised more than $12 million since it launched in 2015.
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.
The Chicago celebrity shoutout app laid off more than 80 employees, the report said. Cameo had around 350 total employees.
Philadelphia email marketing firm Postmark has been acquired by ActiveCampaign, a similar company headquartered in Chicago with a valuation topping $3 billion.
Chicago nearly tripled its investment in Black and Latino startup founders since 2019, according to a report, as efforts to diversify the city’s startup scene show early results.
From jewelry to restaurant equipment parts, Chicago startups are touching a wide variety of industries — and they are raising funds to continue innovating. Find out what some of these Chicago tech companies are up to with the Built In Chicago weekly refresh.
Capitalize VC, a new fund that launched last year by Tessa Flippin, announced it has backed Kribi Coffee, a coffee company based in Forest Park.
ChiTechIRL, a new startup event and networking group, is aiming to bring the Chicago tech community together for a series of in-person events designed to connect the entire ecosystem — from founders and investors to early-career employees and more.
Two years ago, a large chunk of the tech industry pledged to improve diversity, equity and inclusion. While there has been some progress since 2020’s reckoning, there is still a long way to go.