Technologists across several industries are fueling growth in the Windy City following a month of venture capital raises. From green power to cybersecurity, learn more about what tech innovations are growing in Chicago. Last month’s highest funding sum went to a company in the logistics space, a well-represented sector in this Midwestern metropolis.
Top Chicago Tech Funding Rounds, October 2023
- Loop
- Fingerprint
- Cultivate Power
- Clarix Imaging
- Cube Group
#4. $9 million, October 24
Working to modernize the digital asset trading space, Cube is gearing up to launch its platform Cube.Exchange following a round of seed funding. The company plans to invest in expanding its workforce across development, marketing, compliance and administration. It will also expand its reach across the globe by securing necessary licenses and opening new offices. The Australian company has a significant Chicago-based workforce.
#3. (tied) $10 million, October 4
Medtech company Clarix Imaging makes it so clinicians can make real-time assessments of tumors and surgical specimens in the operating room. The company secured a $10 million round of funding from lead investor kineo finance to fuel growth and development amid increased demand for its solution.
#3. (tied) $10 million, October 2
Aiming to equip communities with clean, low-cost energy infrastructure, Cultivate Power develops distributed solar and storage projects spanning up to 50 acres. The company announced a $10 million equity raise from Generate Capital to help it expand into emerging solar markets across the United States.
#2. $33 million, October 18
Fingerprint works to help developers prevent online fraud with its device intelligence API. The cybersecurity company will put the Series C funding it raised from lead investor Nexus Venture Partners toward accelerating platform adoption among enterprise customers. It will also build out new tools and capabilities.
#1. $35 million, October 3
Equipped with a Series B round of venture funding from investors including Index Ventures, Loop wants to fuel the growth of its transportation logistics technology. Loop serves shipping providers with an AI-driven solution that helps consolidate and analyze transportation financial data, ultimately helping its customers cut unnecessary spend.
