Logistics-software maker FourKites just tracked down $13 million in fresh capital. Boston-based Bain Capital Ventures led the funding, along with earlier local investors Hyde Park Venture Partners and Hyde Park Angels, as well as Jim Perry of Madison Dearborn Partners and Jai Shekhawat, founder of Fieldglass. Otter Consulting of Boca Raton, Fla., also participated. Bain […]
FourKites, a two-year-old, Chicago-based company aiming to make sense of the fragmented trucking industry for vendors trying to ship their goods, has raised $13 million in Series A funding led by Bain Capital Ventures, with participation from earlier backers Hyde Park Venture Partners, Hyde Park Angels, and Otter. What the platform is promising more specifically is visibility into where each truck is […]
FourKites, a Chicago-based shipping logistics startup, has raised a $13 million Series A funding round to tie the Internet of Things into trucking. FourKites builds software to help shippers, logistics providers and freight brokers keep track of trucks, cut down on wait times at loading docks and boost efficiency of loads. The company was […]
Chicago logistics technology startup FourKites announced on Wednesday that it has picked up a $13 million Series A round from Bain Capital Ventures. The company will use the funding to expand its product offerings and add at least 100 employees to its Chicago headquarters over the next 12 months. Founded in 2013, FourKites has previously raised two […]
Chicago’s one of the most diversified economies in the world, with no single industry employing more than 14% of the workforce. And this diversity extends to the city’s innovation economy, with an eclectic mix of startups, categories, entrepreneurs, enterprise tech companies, STEM organizations, universities, and more making up the ecosystem. That’s why we host 50 on Fire. 50 is our annual awards […]
For many young professionals, crucial career decisions like what school to attend and what kind of position to look for after graduation are often based on little more than intuition and anecdotes. TransparentCareer, a Chicago startup, wants those decisions to be based on data instead. “We have a ton of information about so many aspects of […]
So often when we imagine early-stage CEOs, we think of a human Swiss Army Knife. Corey Ferengul, a founder-cum-CEO, manages every element of business from product to sales, marketing and more. However, as a company starts growing and adding on team members, the CEO can no longer fill all of these roles. Instead, the focus […]
In Silicon Valley, where venture capitalists relentlessly seek the next big thing, firms have hired teenagers as analysts and associates. In Boston, where university students make up a bulk of the population, Rough Draft Ventures backs college startups and hires a new class of student VCs each year. But the interest in developing VC talent isn’t confined to the coasts. As Chicago’s […]
Chicago startup FourKites, a 3-year-old logistics platform for truck tracking and a graduate of the Pritzker Group Venture Fellows program, announced Wednesday that it has raised a $1.25 million seed round. FourKites says it will use the funding to grow its team and roll out new product lines. The seed round was led by Hyde Park Venture […]
Despite rumblings of a national slowdown in venture capital, Hyde Park Angels (HPA), the Midwest’s largest angel group, just made its largest investment in 2016, bringing its Q1 total to over $2.4M. This month, the group revealed that it has led a $1.8 million round in Mt. Pleasant, Michigan-based Prism Analytical Technologies, a provider of […]
