With no shortage of local tech innovation on the horizon, learn how these Windy City companies are changing the game for their respective industries after raising new funding last week. This is the Built In Chicago weekly refresh.
Hologram raised $65M. The company develops SIM cards for IoT-connected devices, connecting cars, smart speakers and more to over 470 carriers across 200 countries. It just closed on a Series B round led by Tiger Global and now has a total of $80 million in venture funding. With it, Hologram is investing in tripling its 70-person team in roles spanning design, engineering, marketing, sales and more. [Built In Chicago]
Anthill pulled in $3M. With most of the world’s workforce being deskless, think retail and farming, this startup developed a solution to help their employers address their particular needs and retain these deskless employees. The platform is powered by historical data science and predictive analytics. Its seed funding was led by Rethink Education, and Anthill plans to invest in expanding its team. [Built In Chicago]
Chicago Tech Quote of the Week
“The power of a crowd can move markets, and I love watching out for it. When we have our geographic-based funds set up, you’ll be able to invest in where you go get your haircut, where you go get your oil changed or where you go workout — these can be things that you actually co-own. So why wouldn’t you want to invest in the things that you use, and also support the things you invest in?” —Kenny Rose, FranShares CEO and co-founder
FranShares secured $1.42M. The startup helps users make investments in franchises across a variety of industries. Its platform pays out dividends to users who invest in franchises the platform deems to be viable businesses. As its gearing up for the official launch of its platform, FranShares is putting its pre-seed funding round, led by Chicago Ventures, toward hiring a director of growth marketing, national general manager and financial operations director. [Built In Chicago]
Klover got $60M. Enabling customers to leverage their data to gain access to modern financial services, the fintech company announced the close of its latest round of funding. Led by Mercato Partners Traverse Fund, Klover plans to invest this Series A in building out its internal team across sales, marketing, engineering and product as well as growing its user base and service offerings. [PR Newswire]
Admix made a new executive hire. Having developed tech that incorporates advertisements into 3D gaming environments, Admix is building out its team to support its platform. It recently appointed Marty Berman as its VP of sales for North America and LATAM. Previously, Berman held leadership roles at companies like InMobi and Integrate Marketing. Admix is also bolstering its Chicago-based team and has a handful of roles listed on its site. [Admix]