With new funding on the Chicago tech scene, startups are making advancements to their tech and growing their teams. Read up on the latest developments. This is the Built In Chicago weekly refresh.
FourKites pulled in $100M. FourKites announced its recent Series D funding led by Thomas H. Lee Partners, and it’s looking to put the capital toward furthering growth. The company provides enterprises with a supply chain visibility solution to help them keep track of logistics processes. It now tracks over one million shipments a day representing a 120 percent year-over-year increase. [Built In Chicago]
Codal relocated its HQ to the Old Post Office Building. The facility was purchased by 601W Companies in 2016 and was renovated to lease office space. It comes with features like a rooftop terrace, a library, dining hall and more. UX design firm Codal is planning to double its 50-person headcount in the coming years to take full advantage of its new space. [Built In Chicago]
Chicago Tech Quote of the Week
Leaf Trade secured $5.5M. The startup creates tools for cannabis dispensaries as they work to do business in a highly regulated marketspace. It raised Series A funding led by Artemis Growth Partners to add new features to its wholesale payment platform. Leaf Trade also anticipates expanding into new markets on the West Coast sometime soon. [Built In Chicago]
Snapsheet raised $30M. Its cloud-based platform allows for end-to-end automation of the insurance appraisal and claim filing process. Co-leaders of the company’s Series E2 round include Ping An Global Voyager Fund and Pivot Investment Partners. Snapsheet plans on developing more insurtech products, adding new platform features and hiring new talent. [Built In Chicago]
