After His Last Business Sold for $1B, Sean Chou Has Big Plans for Catalytic
Sean Chou helped lead his last tech company to a $1 billion exit. Today, he’s nearly three years in to his next tech venture Catalytic, a fast-growing Chicago startup that’s landing Fortune 500 customers and backing from big-name investors.
In 2016, Catalytic raised $11.1 million from multiple notable venture capital funds, including NEA, Pritzker Group, Hyde Park Angels, Chicago Ventures and Hyde Park Venture Partners. Now, as the company continues to tweak its platform, the artificial intelligence startup is quietly gearing up to raise more capital.
Catalytic, an artificial intelligence startup which helps businesses automate business processes, is planning to launch its Series B funding round in the second quarter of 2018. Chou, the startup’s CEO, declined to say how much the company plans to raise, but he said that the funding will enable the company to “double or triple the staff over the next six to 12 months.”
Article:
https://www.americaninno.com/chicago...for-catalytic/
Revolution Backs $5M Series A for Chicago Startup Paro
Paro, a Chicago startup that connects businesses with freelance finance professionals, just snagged $5 million in funding in a round led by Steve Case’s firm Revolution Ventures.
Paro announced the $5 million round Monday, which also included investments by Global Founders Capital and Tom Williams, a venture investor and founder of BetterCompany.
Paro, which launched in 2015, connects companies with freelance finance pros like bookkeepers, accountants and analysts who provide remote, hourly support on-demand.
Founded by Michael Burdick and Dan Wywrot, Paro says it has worked with nearly a thousand businesses and hundreds of freelancers.
Article:
https://www.americaninno.com/chicago...-startup-paro/