This is our roundup of Chicago tech and startup companies that received venture capital investments during the last month. If we missed one, let us know at info@chicagoinno.com.
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Chicago tech and startup companies raised at least $36 million in venture capital throughout the month of December, according to data compiled by Chicago Inno.
The month’s fundings were low compared to the rest of the year. In November, Chicago tech companies raised $87 million. Over the course of 2019, May was one of the months that saw the most venture capital raised at $274 million. August also saw many rounds raised, which totaled to more than $215 million.
December’s venture capital fundings were led by LogicGate, which raised $24.75 million.
Below are three Chicago tech and startup companies that raised money in December.
Brideside: Chicago startup Brideside raised $7 million from investors. Founded in 2014 by Nicole Staple and Sonali Lamba, Brideside helps brides find wedding and bridesmaids dresses. The startup has now raised more than $13 million to date.
Leaf Trade: The Chicago startup that’s building enterprise software for cannabis dispensaries and growers raised $4.5 million in a round led by Hyde Park Angels and Duke Software Investments. Chingona Ventures, a new local VC firm founded by MATH Venture Partners investor Samara Hernandez, also participated.
The funding will be used to help Leaf Trade expand to new states and markets, as well as expand its data science and engineering teams. Leaf Trade, founded in 2017 by CEO James Yi, connects dispensaries with cultivators to purchase cannabis products.
LogicGate: The Techstars grad that helps companies automate risk and compliance programs raised a $24.75 million Series B round co-led by Jump Capital and High Alpha Capital. Other backers included Greenspring Associates and Silicon Valley Bank. The round was a mix of equity and venture debt, the company said in a press release.
The recent funding brings LogicGate’s total amount raised to date to $34 million. LogicGate works with companies in financial services, healthcare, retail and other industries, helping them with things like regulatory compliance, risk management and GDPR compliance.
