Chicago-based recruiting and communities company Built In has secured $22 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 16.
According to its Crunchbase profile, "Built In is a network of online communities that has quickly become the #1 recruitment solution for tech companies and startups in seven major tech markets. The company currently operates seven sites in Chicago (BuiltInChicago.com), Los Angeles (BuiltInLA.com), Colorado (BuiltInColorado.com), Austin (BuiltInAustin.com), NYC (BuiltInNYC.com), Boston (BuiltInBoston.com) and Seattle (BuiltInSeattle.com), and is headquartered in Chicago."
The nine-year-old company has raised four previous funding rounds, including a $3.6 million Series B round in 2018.
The round brings total funding raised by Chicago companies in community and lifestyle over the past 90 days to $26 million. The local community and lifestyle industry has produced 11 funding rounds over the past year, yielding a total of $224 million in venture funding.
In other local funding news, hardware company Inventables announced a $11 million Series C funding round on July 23, led by Cue Ball.
According to Crunchbase, "Inventables is the hardware store for designers. The company is attempting to bring manufacturing from the factory to the desktop making it as accessible as desktop publishing. Inventables sells machines and supplies for small business manufactures to make products ranging from jewelry and signs to furniture."
Founded in 2002, the company has raised three previous rounds, including a $5 million Series B round in 2015.
Meanwhile, manufacturing and medical device company mHUB raised $300,000 in grant funding, announced on July 23. The round was financed by US Department of Commerce, Economic Development Administration.
From the company's Crunchbase profile, "mHUB is creating the conditions for product innovation to thrive. Our mission is to galvanize Chicago’s manufacturing ecosystem by generating innovative ideas, attracting world-class talent and fostering collaboration. By providing access to labs and equipment, industry experts and entrepreneurial and technical training workshops, and a community of other product innovators, mHUB helps turn ideas into prototypes, and prototypes into sustainable new businesses that drive economic impact, and ensure the region’s continued leadership in global manufacturing."
mHUB last raised $150,000 in a grant in 2018.
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