Chicago tech companies are seeing significant growth, and they’re planning to carry on their strong momentum with last week’s moves. Find out what’s new. This is the Built In Chicago weekly refresh.
Bringg secured $100M. The Series E round for this logistics company brought its valuation to $1 billion. Now, the unicorn’s next move is to invest in growing its platform to meet increased demand. The company is also expanding through M&A and looking to establish strategic partnerships. Bringg’s cloud-based platform works to help businesses optimize their fulfillment and delivery with the help of data-driven analysis. [Built In Chicago]
CoinFlip was dubbed Chicago’s fastest-growing company. Claiming the top position on Crain’s Chicago Business’ Fast 50 list this year, the bitcoin company has seen tremendous growth over the last five years. CoinFlip works so everyone can gain access to bitcoin via its ATMs, and it’s grown by 1,715,091.9 percent and increased its revenue to $50.6 million by doing so. [Built In Chicago]
Chicago Tech Quote of the Week
“We believe in the ability for workers to drive more bottom-up decision making. We believe that there are opportunities for workers to use community to learn from and engage with one another. And we believe in the ability to apply those findings across a wider set of companies to try to create better workplaces.” —Logan LaHive, Frank co-founder
Frank launched from stealth. The company provides a platform where employees can discreetly discuss issues in their workplace without the presence of company management. Its goal is to optimize worker unions by giving them a secure tech platform to organize without fear of employer retaliation. Alongside the announcement of its launch, Frank is releasing its private beta app to the public. [Built In Chicago]
Cameo welcomed Magic Johnson to its board. The move marks the first time a member of Cameo’s talent pool has taken up a seat on its board of directors. Cameo has seen significant growth over the past year for its celebrity shout-out platform and now counts over 10,000 new additions to its network of pop culture icons. Johnson is available for fans to request a personalized video for $500. [Chicago Inno]
FTX.US is opening a Chicago office. As a cryptocurrency exchange, FTX.US is working to grow the digital currency system, and expansion is the next step of its mission. It’s planning to hire for several positions upon setting up shop in the Windy City with roles available in software engineering, business development, marketing and design, customer experience, HR and more. [PR Newswire]