The healthcare industry is rapidly evolving in the U.S., and Chicago-based Oak Street Health is working to ensure it stays ahead of the curve. On Thursday, Oak Street Health announced that it acquired healthtech company RubiconMD.
Two hundred miles south of the Wisconsin border on the University of Illinois campus, a $200 million initiative announced earlier this year offers ample evidence that our neighbors are gearing up to compete for an infusion of federal science and technology money.
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.
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.
Centro, a 20-year-old Chicago advertising-tech company, is preparing for an IPO.
The company, now named Basis Technologies, announced 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.
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.
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.
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.
Australian healthtech company Perx Health announced that it’s expanding into the U.S. market, and it’s picked Chicago as the home of its U.S. operations. The U.S. team will be based out of the MATTER startup incubator, which is located in the Merchandise Mart.