Chicago-based hospital company VillageMD has secured $100 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced September 4 and led by Kinnevik AB.
According to its Crunchbase profile, "VillageMD collaborates with primary care physicians to maximize success in a changing health care environment. VillageMD's goal is to be the largest, highest performing primary care-led network in the U.S. VillageMD is a leading provider of healthcare for organizations moving toward a primary care-led, high-value clinical model. The VillageMD solution provides the tools, technology, operations and staffing support needed for physicians to drive the highest quality clinical results across a population."
The seven-year-old company has raised two previous funding rounds, including a $80 million private equity round in 2018.
The round brings total funding raised by Chicago companies in data and analytics over the past month to $118 million, an increase of $118 million from the month before. The local data and analytics industry has produced 40 funding rounds over the past year, capturing a total of $533 million in venture funding.
In other local funding news, biotechnology company Xeris Pharmaceuticals announced an $85 million post IPO debt funding round on September 10.
According to Crunchbase, "Xeris is a specialty pharmaceutical company leveraging its novel formulation technology platforms to develop and commercialize ready-to-use, liquid-stable injectables. The company’s proprietary XeriSol™ and XeriJect™ formulation technologies allow for the subcutaneous (SC) and intramuscular (IM) delivery of highly concentrated, non-aqueous, ready-to-use formulations of peptides, proteins, antibodies and small molecules using syringes, auto-injectors, multi-dose pens and infusion pumps. Xeris’ platforms have the potential to offer distinct advantages over existing formulations of marketed and development-stage products."
Founded in 2005, the company has raised nine previous rounds, including a $10 million Series C round in 2018.
Meanwhile, logistics and service industry company Forager raised $3.2 million in seed funding, announced on September 12. The round's investors were led by TFI International.
From the company's Crunchbase profile, "Forager is a venture-backed innovator in the cross-border logistics industry. With a combination of cutting-edge technology and decades of industry experience, forager is changing the game. We’re tackling the problems international shippers and carriers have faced for years and delivering seamless and modern transportation solutions for our customers."
Forager last raised $1.2 million in pre-seed funding in 2018.
Also of note, video company Gather Voices, Inc. raised pre-seed funding, announced on September 1 and financed by LAUNCH.
From Crunchbase, "Gather Voices makes user-generated video content easier to collect, manage, curate and publish with the first Video Relationship Management system. The Gather Voices platform includes a powerful content management system, iPhone, Android and web apps, that help the enterprise leverage user-generated video. With an office in Chicago and Orlando, Gather Voices is bringing new power to content marketing, knowledge management, merchandising, fundraising and product reviews."
The company previously raised $637,320 in convertible note funding in 2018.
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