YCharts founder raises $1.1 million from Pritzker, among others
Shawn Carpenter, who took on Bloomberg and investment data with YCharts, is tackling the business of selling. He and co-founder Jonathan Suchland, a former Amazon cloud software engineer, have raised $1.1 million for RepIQ, which provides intelligence to sales reps looking for prospects and contacts.
Chicago investors include Pritzker Group Venture Capital; Hyde Park Angels; Tao Huang, a former Morningstar executive; and Jeremie Bacon, CEO of software startup Synap; as well as West Coast funds Amicus Capital Partners, which backed Grubhub and YCharts, and family investment group Arba.
River North-based RepIQ has seven employees. Carpenter is just starting to hire a sales team and expects headcount to be in the 20s by the end of next year.
Article:
http://www.chicagobusiness.com/artic...ritzker-amicus
Health internet of things startup gets $8 million
Gary Conkright was working on the internet of things before it had such a catchy name.
He's on his second IoT startup, PhysIQ, which he started 12 years ago. The Chicago health-technology company, which has offices in the Loop and Naperville, just raised another $8 million. Its software helps health care providers automatically monitor the vital signs of patients.
Bringing new technology—even software—to health care is a long slog. Since raising $5 million in 2014, PhysIQ has gotten FDA approval and it's technology has been tested in a pilot program with the Department of Veterans Affairs.
PhysIQ uses an Android-based app that connects with Bluetooth-enabled patches and wearables that patients rely upon to monitor their heart rate, respiration and overall activity. Its algorithms track the information, automatically alerting medical personnel if there are significant changes.
PhysIQ has grown from 11 to 19 employees, primarily data scientists and coders. Conkright expects to reach 25 employees by the end of the year.
Article:
http://www.chicagobusiness.com/artic...gets-8-million