Chicago Inno: After Covid Brought Its Business to a Halt, Snapsheet Prepares for Growth Again with $30M Raise

Snapsheet, one of Chicago’s growing insuretech startups, has raised a new round of funding for its cloud-native insurance claims platform.

The company announced Thursday that it raised $30 million in Series E2 financing from the Ping An Global Voyager Fund and Pivot Investment Partners. Other investors, such as Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Ventures, also participated.

View full article in Chicago Inno.

Chicago Business Journal: Why Sprout Social’s Co-Founder and CTO Has Been Quietly Angel Investing in Chicago

If you were tuned in to Chicago tech Clubhouse chatter in early February, you’ll remember a room titled “Is Chicago Tech too risk averse?”

The chat on Clubhouse, a popular and rapidly growing audio app, included local investors, startup founders and others interested in Chicago’s innovation economy. They each had their different takes on the topic, but the general sentiment was clear: Yes, Chicago’s tech community and its investors are indeed against taking risks. 

View full article in Chicago Business Journal.

Chicago Inno: FourKites Raises $100M for Its Logistics Software that Tracks 1M Shipments a Day

Chicago logistics startup FourKites just hauled in $100 million in new funding.

FourKites, a maker of real-time supply chain software, announced Wednesday it raised $100 million in Series D funding, bringing its total amount of capital raised to more than $200 million. It last raised a $50 million Series C round in 2019.

View full article in Chicago Inno.

Chicago Business Journal: Investments in Telehealth Solutions in Illinois Address the Need for Members to Continue Essential Care

The Covid-19 pandemic has changed the health care landscape, including how people access care. While telehealth services had been gaining ground in the years before the pandemic, particularly in rural areas, moving in-person services to virtual care rapidly increased as a result of the novel coronavirus.

View full article in Chicago Business Journal.

Chicago Inno: Siri Founder Dag Kittlaus’ New Startup Uses an iPhone to Take Your Blood Pressure

Dag Kittlaus, a Chicago-based entrepreneur and the creator of Siri, has a new startup that aims to take your blood pressure with a smart phone.

Kittlaus, along with co-founder Tuhin Sinha, has launched Riva Health, a startup that measures your blood pressure via the flash of an iPhone camera. The company came out of stealth this week and announced that it has raised $15.5 million in funding led by Menlo Ventures. Other backers include UCHealth and University of Colorado Innovation Fund, along with Brandon Cruz, the co-founder of Chicago-based GoHealth, and Larry Gies, the founder of Madison Industries, also based in Chicago. Riva is based in Burlingame, California.

View full article in Chicago Inno.

Chicago Inno: Meet Spot, an Audio Tool Designed for Walking Meetings—and the Antidote for Zoom Fatigue

One year into the Covid-19 pandemic, Zoom fatigue is very much a real thing.

Stanford researchers have identified design flaws in Zoom and other video conferencing platforms that are exhausting our mind and body, like the excessive amount of close up eye contact required in video calls, the lack of mobility, and constantly seeing yourself in real-time video.

View full article in Chicago Inno.

Chicago Health: App Gives Real-Time Updates from the NICU

Long before the Covid-19 pandemic, Craig Garfield, MD, and Young Lee, PhD, at Northwestern Memorial Hospital, developed an app to solve a common problem in the neonatal intensive care unit (NICU): Parents often can’t be at the hospital 24/7, yet they need to stay up to date on their baby’s care. 

Merging electronic medical records with smartphone technology, the NICU2Home app, which debuted in 2019, gives families at Northwestern’s Prentice Women’s Hospital real-time updates on their infant’s weight, vitals, and any complications they’re experiencing. 

View full article in Chicago Health.

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