1871-based ParkerGale raises $240M for tech funding
Chicago private equity firm ParkerGale announced a new $240 million fund for backing tech companies. The firm plans to acquire majority stakes in small business-to-business tech providers, partner Ryan Milligan told the Chicago Tribune. As many as nine deals may be made over the next five years with the fund. [Chicago Tribune]
Uptake opens applications for fellowship program
Data analysis has changed the world, and Uptake is launching a fellowship program to bring the revolution to nonprofits. The company’s Beyond.Uptake initiative opened applications this week for those looking to solve big problems by using data analytics. Fellows will be able to leverage Uptake’s software and expertise to enact change. [Chicago Tribune]
RCN brings gigabit speeds to Chicago using existing infrastructure
While Google has slowed its rollout of fiber to new cities, RCN is working to bring fiber-like speeds to Chicago without laying new wires. The company is turning on the DOCSIS 3.1 standard, which allows for gigabit speeds over traditional coax cables. Customers will have to upgrade their modems for the faster speeds, but won’t have to replace any internal wiring. [Press release]
Chicago clothing startup Portefini blows through Kickstarter goal in 12 hours
A casual, everyday blazer from Chicago startup Portefini rocketed past its $15,000 Kickstarter goal, and now has nearly $45,000 raised with more than 40 days left in its campaign. The company’s blazer incorporates laid-back elements common to startup wardrobes combined with the look of a traditional suit jacket. [Chicago Inno]
Networked Insights helped Wired with analytics for the election
Social analytics firm Networked Insights helped tech magazine Wired with their live election coverage, providing a granular look at data from Twitter, Tumblr and other social sources. Its analytics platform Kairos had been used to guess the Cubs’ World Series victory, predict box office releases and more. [Built In Chicago]
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