According to Chicago Inno’s exclusive interview with insiders, QualSights has raised just under $8 million in a Series A. The report states that the biggest challenge for the new startup is to keep pace with its own success, using the funding to accelerate hiring. FINSMEs reports that the tech platform provider had raised $7.7 million…
Cronicle has heard from a number of tech companies, startups, VCs and talent across Midwest tech that a sea change is underway. How companies think about finances and investments is changing. No one wants to say we’re in an all-out recession yet, but there is still hesitation over previous growth plans reflecting the uncertainty over…
Built in Chicago reports this week that it has been another busy month for the windy city’s tech scene, with executive hires, acquisitions and several fundraising rounds. Reverb hired Bradford Shellhammer, former vice president of eBay, as chief product officer. Codeverse was acquired by Nerdy. And two startups closed multi-million-dollar funding rounds to expand production…
Chicago’s Fly.io helps small companies launch and run applications with a global network of servers with low latency and affordable prices, solving the problem of finding servers for independent developers or small startups. This is because Fly.io helps companies and developers deploy app servers close to their users. On Thursday, Fly.io announced the closing of…
With everything going on in the world, what is happening to business funding in the Midwest, which only recently climbed out of the hole caused by manufacturing decline and economic collapse? Guy Turner, Co-Founder and Managing Director of Chicago’s Hyde Park Ventures has been in investing for years. “Myself and one partner created Hyde Park nine years ago,” Turner said from his office several weeks ago in Chicago, where he was sheltering with the door closed to avoid exposing colleagues to COVID-19 while work life continued as best it could. “We ran Hyde Park Angels,” he explains of the group’s origins in angel investing. “We recognized there were very few early stage funds working with zero to $1.5 million in revenue before coastal funds would be interested. In 2011 we raised our first fund,” he said.
