It may be getting cold outside but these Chicago tech companies are on a hot streak after raising millions last week. Keep reading to see who’s making gains and who’s hiring. This is the Chicago weekly refresh.
ThreeFlow gained $45M. ThreeFlow raised $45 million in Series B funding with new investor Accel leading the round. ThreeFlow provides software for insurance brokers that sell employee benefits. The company said the fresh funding will be used to double its employee base next year. [TechCrunch]
Hxro Network raised $34M. Hxro Network brought in $34 million in a strategic funding round co-led by Blockchain Capital, SIG DT Investments and Jump Crypto. Hxro Network is a derivatives primitive for risk-based applications built on the Solana blockchain. Some funding will be used for network rewards and treasury. [PR Newswire]
CHICAGO TECH QUOTE OF THE WEEK
Tegus raised $90M. Tegus has created a market intelligence platform for businesses, allowing them to make more informed decisions. Banks, investment firms and consultancies are some of Tegus’ clientele. The funding will allow Tegus to focus on international expansion and hire for more than 400 roles next year. [Built In Chicago]
West Monroe acquired Carbon Five. The digital consulting firm acquired Carbon Five — a digital design, national product management and software engineering firm — for an undisclosed amount. The acquisition is part of West Monroe’s strategy to expand its end-to-end digital services. [Built In Chicago]
