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Venture Capital


10 Chicago VC Firms You Need to Know About

By | Sep 14, 2015 at 12:30 pm

Chicago is usually towards the top of the list when it comes to startup hubs in the United States. It’s no surprise that Tech.Co had its first events in that city, (back when we were simply known as Tech Cocktail), providing demo space and networking opportunities for Chicago…



Roniin Connects Experienced Entrepreneurs with New Blood

By | Jul 9, 2015 at 7:00 pm

Paul Lee is an experienced entrepreneur and venture capitalist. He spent years investing in startups as a General Partner at Lightbank, and sat on the board of directors of many of them. All of this experience led him to do what comes naturally to…



Belly Announces $12.1 Million Series B-1 VC Funding

By | Aug 28, 2013 at 4:10 pm

Loyalty rewards company Belly today announced that they secured $12.1 million in a Series B-1 round of venture capital financing from New Enterprise Associates, Andreessen Horowitz, DAG Ventures, Lightbank, Cisco, and 7-Ventures. That brings their total VC funded budget, which is dedicated to expansion, to $28 million. Over the past…



Walkby Helps Chicago Clothing Boutiques Stay in Business

By | Apr 22, 2013 at 3:00 pm

Imagine you own a clothing shop, and you get a beautiful shipment of summer dresses. Floral patterns, bright reds and yellows, everything just screams to be bought. But if a dress appears on the rack and no one’s there to see it, does it…

Social Networking

Coffee Meets Bagel Sees 70% User Retention, Brings Dating Service to New Markets

By | Mar 22, 2013 at 9:00 am

As the online dating space continues to become segmented, Coffee Meets Bagel (CMB) has its sights set squarely on the oft-ignored under-40 urban crowd. After seeing some traction in its current markets of New York, San Francisco, and Boston – the site is seeing…



Jessica Kim Of BabbaCo On Building A Content And Commerce Parenting Brand

By | Jun 15, 2012 at 12:03 pm

When Jessica Kim was becoming a parent she looked around and saw an opportunity in the parenting market.  She jumped at the chance to create a lifestyle and parenting brand in BabbaCo, combining content and commerce. BabbaCo was part of the second class of…


Los Angeles

LA’s Eventup Raises $1.8 Million from Lightbank, Enters Chicago

By | Jun 4, 2012 at 11:00 am

Eventup – the first startup from Science Inc., the technology studio founded by ex-MySpace CEO Mike Jones – today launched in Chicago and announced a $1.8 million seed round led by Lightbank. Los Angeles-based Eventup is a marketplace to list and book event spaces,…


WhosHere Wants to Remove the Creepiness from Meeting People on an App

By | May 23, 2012 at 9:00 am

For the privacy conscious, some of the hot new applications for meeting people are causing a double take. Apps like Highlight and Banjo are so useful, the story goes – they show you everyone nearby on a map. They show you everyone nearby on…



Chicago-Based Belly Receives $10M Series B From Andreessen Horowitz

By | May 8, 2012 at 4:26 pm

When we first covered Belly last year, the Chicago-based startup was in the process of taking ownership as the Windy City’s go-to customer loyalty mobile app.  Today not only has Belly announced expansion into the New York and Boston markets (for a total of…



3 Ways to Get Noticed By VCs: A Conversation with Katy Lynch of SocialKaty

By | Apr 17, 2012 at 2:30 pm

SocialKaty, a Chicago-based social media marketing company, landed Series A funding recently from Lightbank, the high-profile VC firm that was founded by the original backers of Groupon.  Terms of the deal have not yet been disclosed. I am sure you are thinking the same…



Find Your City’s Discounted Nightlife Events with Poggled, the Not-Groupon of Parties

By | Jan 31, 2012 at 10:00 am

It’s not quite Groupon for nightlife; at least don’t say that to Poggled CEO and Co-Founder Joe Matthews. “I hate that. Our business is so different. We do events, not daily deals,” says Matthews. Matthews’ aversion to the comparison is fair – there are…



BodyShopBids: Get an Instant Auto Repair Estimate From a Phone Pic

By | Dec 16, 2011 at 10:00 am

No, you didn’t read that headline wrong. BodyShopBids, a new Lightbank-backed Chicago startup, is helping provide auto repair estimates directly from photos you snap from your phone. Basically, if you have any external damage to your vehicle, you snap a couple of pictures –…


Online Learning Site Udemy Closes $3M Series A Financing

By | Oct 14, 2011 at 6:02 pm

It’s always so exciting for us when a startup with potential that we cover lands funding.  Udemy, which I wrote about way back in March, just closed $3 million Series A financing from Lightbank, the Chicago-based VC fund started by the co-founders of Groupon….



Groupon Co-founders Purchase The Historic Wrigley Building

By | Sep 19, 2011 at 4:19 pm

Today it was confirmed that the Wrigley Building  has been purchased in a joint venture that includes investor Byron Trott of BDT Capital Partners, Zeller Realty Group and the co-founders of Groupon Inc., Brad Keywell and Eric Lefkofsky. We first reported the potential acquisition of Chicago’s iconic…



Groupon Founders Could Buy Chicago’s Historic Wrigley Building

By | Aug 21, 2011 at 12:00 am

Since 1920, the Wrigley Building has been a symbol of power, situated along the Magnificent Mile of Michigan Avenue in Chicago. Owned by the 120-year-old Wm. Wrigley Jr. Co. of the candy empire, this white building stood tall overlooking the Chicago river with a…



myRete, Makers of WhosHere, Close on Round of Funding from Lightbank

By | Aug 4, 2011 at 3:30 pm

Virginia-based myRete, the makers of WhosHere®, announced late yesterday that they closed on their first round of funding led by Chicago-based Lightbank, the technology investment fund created by Groupon co-founders Eric Lefkofsky and Brad Keywell. If you’re not familiar with WhosHere, it is a…



BabbaCo Gets Funded For BabbaBox Monthly Kids Activity Boxes

By | Aug 1, 2011 at 6:50 pm

Coming off a big win at TechWeek last week, Chicago-based BabbaCo, has been on a roll as today they announced they’ve raised $1.2 million in funding lead by  Lightbank and SV Angel (Ron Conway’s angel group). BabbaCo was founded in 2007 offering baby products…