This is our roundup of Chicago tech and startup companies that received venture capital investments during the month of May. If we missed one, let us know at info@chicagoinno.com.
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Chicago tech and startup companies raised at least $274 million in venture capital throughout the month of May, according to data compiled by Chicago Inno.
The month’s monster funding amount was due to Tempus’ $200 million Series F round that now values the company at $3 billion. Other notable venture capital rounds in May were raised by BigTime Software, which raised $14 million, and Snapsheet, which raised $29 million.
Below are nine Chicago tech and startup companies that raised money in May.
86 Repairs: The startup raised $1.5 million in a round led by Ann Arbor-based VC firm Tamarind Hill. Other backers include Invest Detroit Ventures, Relish Works, Network Ventures, MATH Venture Partners and M25. Founded last year by Daniel Estrada and Joe Gallagher, 86 Repairs has created a subscription service that manages repairs for restaurant groups.
BigTime Software: BigTime Software raised $14 million in a round led by Boston-based private equity firm Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital. The tech company, which has offices in the Loop, has now raised more than $17 million to date. In 2011, BigTime raised a $2.7 million Series A round from investors, such as Runa Capital and LTC Partners, according to Crunchbase.
Founded in 2002 by University of Chicago alum Brian Saunders, BigTime Software provides its more than 2,000 clients with a platform that allows them to monitor and manage their finances through budgeting, tracking and invoicing.
Humanpredictions: The startup raised $1.16 million in a round led by Chicago-based Network Ventures. Other investors include Washington, D.C.-based SaaS Ventures and local equity firms Hyde Park Angels and M25. Humanpredictions gathers public data on technology professionals from sites like GitHub, Stack Overflow and Meetup, and organizes it into an easy-to-use database for tech recruiters and companies.
Kalderos: Founded in 2016, Kalderos raised a $7 million Series A round from Mercato Partners, a Salt Lake City-based growth equity firm. Kalderos is creating a pharmacy audit platform that aims to be the first real-time, compliant, point-of-sale chargeback solution for the prescription drug market. Kalderos’ product can identify previously undetected pricing errors, ensuring the right discounts are applied to the right transaction.
Impossible Objects: The Northbrook-based 3D printing and materials company raised $4.1 million from Chicago’s OCA Ventures. The funding round will help the startup grow its business and forge new partnerships. Since launching in 2011, Impossible Objects has raised more than $13 million in total funding.
Reconstruct: Champaign-based startup Reconstruct raised a $7.7 million Series A round led by Cultivation Capital. Reconstruct has created a SaaS platform for the construction and real estate industries that provides a "visual command center" for managing construction projects.
Snapsheet: Snapsheet raised $29 million in a round led by Tola Capital, a Seattle-based VC firm that backs enterprise software companies. Other investors include Nationwide, Sedgwick, State Auto Labs, Liberty Mutual Strategic Ventures, F-Prime Capital, OCA Ventures and an affiliate of USAA. Snapsheet has now raised $71 million to date. Founded in 2010, Snapsheet created technology that lets people file automobile insurance claims via their smartphone.
Tempus: Eric Lefkofsky’s genomic-sequencing startup Tempus raised $200 million in a Series F round that values the Chicago startup at $3.1 billion. The fundraise comes less than a year after Tempus raised $110 million at a $2 billion valuation. Tempus has now raised a total of $520 million since it launched in 2015.
The new round of funding was backed by Baillie Gifford, Franklin Templeton, NEA, Novo Holdings, Revolution Growth, and funds and accounts managed by T. Rowe Price.
The Small Exchange: The new futures exchange raised another $10 million ahead of its official launch later this year. The Small Exchange raised $10 million from Citadel Securities and Jump Capital, who both invested $5 million each. The round comes after the Small Exchange raised $10 million back in January from Tastytrade co-founder Tom Sosnoff and Peak6 co-founders Matt Hulsizer and Jenny Just.
