Chicago

Chicago companies are attracting major venture funding

The University of Chicago has secured $75 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 28 and financed by Pritzker Foundation.

According to its Crunchbase profile, "The University of Chicago is not only a university in Chicago, Illinois, but also a university for Chicago. In addition to providing a dynamic education based on critical thinking and interdisciplinary exposure, the university sponsors hundreds of art and cultural events open to the public free of charge. Venues such as the Court Theatre, the Oriental Institute and the Smart Museum often host these events for local residents and students."

The 129-year-old school also raised a $90 million grant in 2014.

The round brings total funding raised by Chicago companies in professional services over the past month to $76 million, an increase of $49 million from the month before. The local professional services industry has seen 15 funding rounds over the past year, yielding a total of $123 million in venture funding.

In other local funding news, marketplace and gift company Cameo announced a $15 million Series B funding round on May 30.

According to Crunchbase, "Cameo is a marketplace where fans can book personalized video shoutouts from their favorite people. Cameo's mission is to create the most personalized and authentic fan experiences in the world. We're a marketplace where users can book personalized video shoutouts from their favorite people."

Founded in 2017, the company has raised five previous rounds, including an $11 million Series A round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.