• LogicGate

  Participated · Seed · Dec 2016

  LogicGate is the creator of the Risk Cloud platform and Risk Cloud Exchange (RCX), which help businesses proactively manage governance, risk and compliance (GRC) processes. Led by CEO Matt Kunkel and founded in 2015, the company has built enterprise technology for assessing, monitoring, actioning, and pivoting GRC programs. Today it serves hundreds of customers, including SoFi, Zurich Insurance, Memorial Hermann Health, and Cimpress. The company raised $113m in a Series C to accelerate product advancements, notably a risk quantification solution slated for release later this year. The new capital will also fund expansion of its partner ecosystem, international presence and security posture. LogicGate's total funding to date is $156m. LogicGate offers the Risk Cloud™, a cloud-based platform that automates governance, risk, and compliance (GRC) processes with a mix of flexibility and out-of-the-box applications. The company added native integrations with Okta, Slack, and Jira and doubled its library of pre-built applications to accelerate customer implementations. LogicGate reported revenue growth of more than 100 percent over the past year, alongside a 300 percent increase in monthly active users and a 20 percent rise in average applications used per customer. The company plans to expand into European markets and to add roughly 100 employees over the next 18 months to support that growth. Product and market initiatives include a focus on leading the market in risk quantification features and building a GRC ecosystem for customers and partners. LogicGate is Chicago-based and serves customers including SoFi, CAPCO, and Blue Cross Blue Shield of Kansas City. LogicGate provides a no-code, agile GRC platform that centralizes risk and compliance data in a single repository, enabling customization, visualization, automation, and dashboard-style reporting. The company plans to use the new funding to invest in content, frameworks, data partnerships and additional integrations to solve complex risk management challenges more holistically. LogicGate emphasizes empowering risk, compliance, and security teams to scale programs without heavy consultant or IT support. The platform is positioned to move GRC from siloed, spreadsheet-driven workflows to a single source of truth across departments. LogicGate launched in 2015 and is a Chicago Techstars alum with headquarters in Chicago. The company has been recognized on the Global RegTech 100 and ranked #1 GRC Software on the G2 GRC Grid. LogicGate is a Chicago, IL–based SaaS platform that automates governance, risk and compliance workflows. It offers pre-built process templates for enterprise risk management, controls testing and third-party risk assessments to help businesses operationalize manual risk and compliance programs. The company raised $7.5M in a Series A round. LogicGate has now raised $9.4M in total funding. It intends to use the Series A proceeds to bolster the team, adding 50 positions to its Chicago office by 2019 across engineering, product, marketing, sales and customer success. The company was co-founded by Matt Kunkel, Jon Siegler and Dan Campbell, and its board will add Michael McMahon (Jump Capital) and Mike Fitzgerald (High Alpha) alongside CEO Matt Kunkel and COO Jon Siegler; Scott Dorsey will serve as an advisor. LogicGate provides a platform enabling businesses to automate risk and compliance operations by visually designing end-to-end workflows and deploying them as controlled process applications without writing code. Clients use the platform for enterprise risk management, regulatory compliance, and control assessments. The company plans to implement an intelligent learning engine that can learn how organizations interact with processes and take corrective action without employee intervention. LogicGate said it will use the new funding to grow sales and marketing and accelerate expansion of the platform. Founded in 2015 by Matt Kunkel, Jon Siegler, and Dan Campbell, the company is based in Chicago, IL. The company closed a $1.9M funding round in January 2016.

• Blitsy

  Participated · Series A · May 2015

  Blitsy curates crafting supplies and trends from popular brands into a single online destination and pairs product selections with instructional video lessons. The site aims to inspire both beginners and experienced crafters through curated content and expert-led videos. Its core offering is a commerce platform focused on discovery and education within the crafting industry. Blitsy operates as an online community where users can find the latest designs and techniques. The company plans to use its new funding to expand operations. In July 2015 Blitsy closed a $3.6M Series A to support that expansion. Blitsy is a Chicago, IL-based online craft retailer that operates a marketing platform for craft suppliers. The platform enables craft suppliers to launch online promotions while providing members access to deals. The site also offers a stage for sharing inspirational project ideas and other community engagement features. The company is led by Ross Petersen, Chief Executive Officer, and Ryan Petersen. Financially, Blitsy raised $1m in funding reported in October 2013. Investors in the round included Chicago Ventures, FireStarter Fund, Lakewest Venture Partners and several individual backers.

• Public Good Software

  Participated · Seed · Jan 2015

  Public Good Software runs PublicGood.com, a plug-in, easy-to-use online donations marketplace that gives nonprofits customized, cost-effective giving tools they can integrate into their websites and lets individuals discover causes to support. The founders previously built the technology that powered President Obama’s 2012 reelection grassroots online giving campaign and test-launched PublicGood.com in September 2014. Since the test launch, over 90 organizations have joined the site and the company has partnered with the Chicago Sun-Times and the Chicago Reader to add a "Take Action" button linking news readers with nonprofits. The company positions itself against incumbent players in a roughly $30B nonprofit giving market and seeks to introduce more user-friendly products. In January 2015 Public Good Software raised $1.6M in seed funding to support growth. With the new capital the company plans to expand technical functionality and improve the donor and nonprofit experience as it scales its marketplace.

• Shiftgig

  Participated · Equity · Nov 2014

  Shiftgig operates a smartphone-based marketplace that lets hourly workers (“Specialists”) pick up shifts at local businesses and events. The platform serves about 1,500 businesses and 15,000 workers, with customers across all 50 states concentrated in roughly 12 cities. It works across food service, hotel, retail, logistics, warehouse and experiential marketing verticals, handling weekly payments, vetting and reliability scores for workers. Shiftgig charges businesses per shift and takes a percentage fee that varies by order and client size. The company says it is ACA-compliant and carries appropriate workers’ compensation insurance. Management intends to use new funding to scale the marketplace into additional cities. Shiftgig operates a people-centered, mobile-first marketplace that connects workers with short-term shifts and enables hiring managers to fill and manage assignments. Led by cofounder and CEO Eddie Lou, the platform lets workers choose when, where and for which local employers they want to work. The company raised $22m in Series B funding to support growth. Shiftgig plans to use the capital to scale the business and launch in new cities across North America. Investments will be made in sales, marketing, technology and operations. No revenue or user metrics were disclosed in the article. Shiftgig operates an online community and marketplace that allows members to connect with businesses to access jobs and content in the restaurant, nightlife, hotel and retail verticals. The company was co-founded in 2011 by Eddie Lou (CEO), Jeff Pieta (President) and Sean Casey (CTO). It reports over 1,050,000 registered members and 25,000 businesses on the platform. Shiftgig secured $10M in its first institutional financing and intends to use the funds to expand its technology, product and team. Recent senior additions include Jill Erickson as Chief Revenue Officer, Travis Haight as VP of Service Delivery, Dan Miller as VP of Talent and Michael Yoch as VP of Product. The product focus remains on connecting workers and businesses in the service industry and scaling the platform's capabilities.

• Retrofit

  Participated · Equity · Dec 2013

  Retrofit provides a technology-based personalized weight loss program for busy professionals at corporations. The program pairs wireless activity trackers and Wi‑Fi scales from Fitbit with a team of wellness experts — a registered dietitian, an exercise physiologist and a behavior coach — who work with clients via Skype videoconferencing. Retrofit sells its service to corporations and lists customers including VISTA Staffing Solutions, Salesforce.com, the NFLPA Former Players, Forsythe, DeVry, the American Medical Association and Google. The company is led by founder and CEO Jeff Hyman and employs 50 people nationwide. Financially, Retrofit announced an additional $5M in financing led by Cambia Health Solutions. Investors in the round include previous backer Draper Fisher Jurvetson (DFJ) as well as Correlation Ventures, Hyde Park Angels, Pritzker Group Venture Capital, Chicago Ventures and Firestarter Fund. The service is positioned for busy corporate professionals and delivered via technology-enabled remote coaching. Retrofit offers a weight-loss program that integrates connected hardware (Fitbit, wireless scales), Skype and a mobile app with live mentorship from "wellness experts," using data to tailor coaching. The product is positioned as a platform to aggregate additional miniaturized wireless devices over time and make device data actionable for coaches. Retrofit sells direct to consumers and via annual subscriptions to employers as a workplace wellness offering. The company reports "hundreds of customers," is growing at a high weekly percentage rate, and says 94% of program participants have lost weight. Future plans include adding more hardware integrations, enhancing the mobile app to drive compliance and monitoring, doubling software development staff, and building add-on services that could extend into medical monitoring. Management emphasizes staying focused on weight loss while using the platform to enable broader health-use cases. RETROFIT provides a year-long program that includes wireless monitoring of clients' weight, activity and sleep quality. Each client follows a personalized nutrition and fitness plan and attends weekly Skype video meetings with a private team of registered dietitians, behavior coaches, and exercise physiologists. The service uses advanced wireless devices to track weight, body composition, physical activity, and sleep patterns from home. RETROFIT markets its service directly to consumers, through employers, and via physicians. The company was founded by Jeff Hyman and is based in Skokie, Illinois. RETROFIT completed a $2M funding round led by I2A Fund, New World Ventures and FireStarter Fund. RETROFIT is a Skokie, IL-based data-driven weight loss company that provides wireless data collection devices and a personal team of wellness experts. Each client is assigned a registered dietitian, an exercise physiologist, and a behavior coach who design a tailor-made plan targeting a 10 or 15% body weight reduction and then sustained weight stability before graduation. The company collects wireless data to inform and adjust individual weight-management plans. RETROFIT closed a $700k seed financing and intends to use the capital to expand its operations nationwide. The business is founded and led by CEO Jeff Hyman.

No current team members are available.