2016 Chicago Startup Report: $1.7B in funding and 55 exits
Summary
A hefty chunk of that funding, $150 million, went to SMS Assist in a round that brought the real estate management solutions provider into Chicago’s stable of tech unicorns. Higi, whose cloud-connected wellness stations can be found in pharmacies and grocery stores all across the country, kicked the year off with a $40 million round in January. These rounds build on the impact of bootstrapped companies like Outcome Health (formerly ContextMedia), which has been driving healthtech innovation in Chicago for the past decade. In the year after Uptake reached its billion-dollar valuation, the city has also continued to cement its position as a leader in Big Data, with 15 companies raising a total of $95 million. 4C pulled in the vertical’s biggest round: a $26 million Series C that will help the company staff its salesforce and accelerate its pace of technological innovation.
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