Big cities like Chicago had an eventful 2020. Pandemic aside, there have been many new developments in the tech sector and plenty of new capital raised to support this growth.
Leading the way for Chicago tech in 2020 was Tempus, followed by VillageMD and Nature’s Fynd rounding out the top three. Read on to learn more about the Chicago tech startups that pulled in the most funding last year. Now, onward to 2021.
#10. $60 million, August 17
With its equity investment from Insight Partners, this cybersecurity company will be able to continue its work towards protecting users’ passwords. Its platform prevents data breaches and cyber threats by tracking the user’s passwords across various accounts. The company has also created solutions for dark web monitoring, secure file storage and more. The funding will enable Keeper further development of new products and grow its customer base.
#9. $68 million, September 28
This delivery company provides businesses with ample storage space and sorting algorithms for their products to ensure they can take advantage of the most efficient shipping options. The funding from a Series D round led by SoftBank Vision Fund will help ShipBob with its plans to upgrade its warehouse management system with temperature controls and business-to-business deliveries. To date, the company’s total funding is $130.5 million.
#8. $78 million, June 9 & October 14
This was an eventful year for the fintech company that helps users easily manage their finances. It offers customers tools including commission-free trading and digital banking accounts, as well as debit cards and loans. With the $33 million Series B capital it raised in June, M1 was able to accelerate company growth. The $45 million Series C funding from October will support even more growth as the company works to develop its tech and double its headcount.
#7. $80 million, October 5
This startup specializes in helping advertise chilled drinks and treats by creating smart screens for food stores’ cooler doors. The Series C round was led by investors including Verizon Ventures and will help the company develop its tech. Its smart screens are equipped with digital sensors that help brands collect data from customers concerning their products and help stores automate managing their inventory.
#6. $81 million, December 2
Customers count on this fintech startup for services like digitizing their personal loan operations, running fraud prevention and verifying consumer claims. Its Goldman Sachs-led Series C round will help the company scale up its sales and marketing efforts as well as advance R&D. Amount is currently hiring for several positions in software engineering, product development, branding and more. At the close of its latest round, the startup has…
Read More: These 10 Chicago Tech Companies Raised $1B+ in 2020