Chicago and Illinois


SpotHero finds significant Series D funds

By Tom Chapman / August 23, 2019

Chicago-based SpotHero is a reservation service for parking spaces.  The company which is reported to have agreements in 300 cities has a primary focus on larger North American cities.  The company has agreements in place with over one thousand garages. The company was able to raise a $50 million Series D round from Macquarie Capital,…

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FanFood announces partnership with Samsung

By Justin Krug / August 14, 2019

Last week, SPN had the chance to speak with Carson Goodale, founder, and CEO of FanFood. FanFood was originally formed in Iowa but the company has since moved to Chicago to pursue their business. FanFood is a mobile ordering and concessions management platform designed to improve the fan experience while streamlining the concessions management and…

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First fundings research report

By Tom Chapman / August 2, 2019

In talking to Jessica Straus, Dundee Venture Capital’s new Venture Partner, it occurred to me that we should write an update on first fundings in what Straus called the “mighty middle”. This paper describes first fundings.  First fundings are a recordation of companies that raise capital for the first time.  This paper uses Pitchbook data…

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Cameo Secures Massive Series B Round

By Aidan Chapman / July 31, 2019

Cameo is a Chicago-based startup that makes it possible to buy personalized shout-outs from celebrities and influencers. In June 2019 they received $50 million in a round of series B funding led by American venture capitalist firm, Kleiner Perkins. After the injection of funds, the company has increased its valuation from $250 million to $300 million. …

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Reverb acquired by Etsy

By Justin Krug / July 29, 2019

Last Monday, Etsy announced its $275 million acquisition of Reverb. Reverb is a Chicago based music gear marketplace and community. According to Barron’s and Pitchbook, Etsy is not a frequent acquiring company. In fact, their most recent acquisition was Blackbird Technologies in 2016. However, the companies both cited the significant synergies that this transaction created…

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Chicago-based Kalderos secures financing

By Razia Aziz-Seible / June 28, 2019

Chicago-based health tech startup, Kalderos, announced last month that it had raised $7 million in new financing to promote market adoption of its first-to-market platform that introduces transparency to the prescription drug pricing process and monitors whether discount programs are being properly implemented.

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Your guide to the Heartland’s 1 Million Cups events

By Razia Aziz-Seible / June 17, 2019

1 Million Cups was developed in Kansas City, MO in 2012 by Co-Founders Cameron Cushman and Nate Olson who were working at the time on the Entrepreneurship Team at the Ewing Marion Kauffman Foundation.  What began as an experiment to bring entrepreneurs in one city together over a cup of coffee towards a goal of…

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