This is our feature where we recap the funding deals that went down last month. Want daily startup funding news, as well as personnel moves, new startup stories and more Chicago tech analysis? Sign up for our daily newsletter The Beat.
Uptake, a predictive analytics startup founded by Groupon founders Brad Keywell and Eric Lefkofsky, raised $40 million from Revolution Growth. Uptake, which is one of a handful of Illinois unicorn companies valued at $1 billion or more, previously raised a $45 million round from GreatPoint Ventures, New Enterprise Associates, Caterpillar and Lightbank.
SpringCM, a cloud software company, raised $25 million and named Dan Dal Degan as its new CEO. Crestline Investors, a Ft. Worth-based fund, led the round. SpringCM provides businesses with cloud document management and workflow solutions.
Aquilon Energy Services, a Lisle, IL-based software developer for the energy industry, announced it raised $19 million from Citi, Goldman Sachs Principal Strategic Investments, Invenergy and Macquarie Group. Aquilon helps companies manage large amounts of data involved in energy settlements.
SIM Partners, a Chicago-based location marketing company, raised $5 million in funding. River Cities Capital Funds led the round, and was joined by Jump Capital.
Payline Data, a Chicago payment solutions company, raised $5 million, according to Built In Chicago. Investors included Recurring Capital Partners. Payline Data allows businesses to accept credit cards and payments in-store, online and via mobile.
Rippleshot, a Chicago-based fraud analytics startup, announced it raised $2.6 million. KDWC led the round, and included participation from CMFG Ventures, the venture capital entity of CUNA Mutual Group. Rippleshot works with banks, credit unions, and data processors to reduce credit card and debit card fraud among customers.
PartySlate, an online platform that connects party planners with event professionals, raised $1.6 million, according to Crain’s. The round was led by Hyde Park Venture Partners, with participation from Hyde Park Angels, InvestHER Ventures, WaveMaker Partners, Jump Investors and Halogen Ventures.
Pre Brands, a Chicago startup that sources, packages and distributes grass-fed beef, has raised $1.1 million in debt funding, according to an SEC filing. Pre Brands launched in 2015 and sells its beef in stores such as Mariano’s, Treasure Island, and online via Amazon Fresh.
Monica & Andy, a Chicago online children’s apparel startup, raised $750,000 in new equity funding, according to an SEC filing. Founded in 2013 by Chicagoan Monica Royer and her brother Andy Dunn, the CEO and co-founder of Bonobos, Monica & Andy previously raised a $1.3 million round in 2015.