Last month, venture capital investments went to industries across the board in the Windy City. Companies in sectors including greentech, consumer software and artificial intelligence are flush with fresh capital. Read on to learn how these companies are growing.
Chicago’s Largest Tech Funding Rounds, February 2024
- Kin Insurance
- Celadyne
- Cambio
- GigaStar
- Aarogya Tech
#4. $1.8 million, February 5
Healthtech company Aarogya offers a scalable health management solution that allows community members to aid clinicians in disease prevention and early disease diagnosis. With its latest funding from Hersha Hospitality Trust, Aarogya will fuel product development, strengthen its analytics and machine learning teams while expanding its product and growth teams.
#3. (tied) $3 million, February 13
Cambio, an AI solution that originated as a debt negotiation tool for consumers, has evolved into a platform that assists banks with sales calls. Cambio secured a round of seed funding from investors including Builders, DVC and EGR Partners. Having gone through the Y Combinator accelerator program in 2022, the company served almost 90,000 users over the last year.
#3. (tied) $3 million, February 6
Fintech company GigaStar allows creators to access thousands of strategic investors, while allowing investors to share creators’ YouTube revenue. The company pulled in $3 million to scale its primary market platform, attain its broker-dealer registration and launch its secondary market by the end of 2024.
#2. $4.5 million, February 15
Celadyne works to convert hydrogen into usable energy, helping it decarbonize industries including energy, manufacturing and transportation. The company announced a $4.5 million seed raise co-led by Maniv and Dynamo Ventures that will go toward accelerating the development of its materials technology.
#1. $15 million, February 5
Insurtech company Kin offers a direct-to-consumer platform for purchasing home insurance. Activate Capital supplied $15 million in venture capital that will help the company invest in new markets and products. Kin is valued at more than $1 billion and operates in eight states across the country.
