News

ParkWhiz raises $10M to help drivers find cheaper parking spots

Posted in ParkWhiz

ParkWhiz, a Chicago-based discount parking-spot finder, has raised $10 million from heavy-hitter investors so it can double its workforce and boost big-name partnerships to become a key part of the “smart car” future.

Drivers can use ParkWhiz’s free app to find the cheapest parking in real time, download a mobile pass and wave their smartphone at the entrance to park.

They automatically get a discount, which can be as much as 50 to 70 percent off the standard daily rate, including at parking facilities near Midway and O’Hare airports...


Read the original Chicago Sun Times article here

Location, location, location: how Geofeedia created its own industry

Posted in Geofeedia

On April 17, 2013, Baroness Margaret Thatcher’s coffin was drawn through the streets of London by the King’s Troop Royal Army. It was one of the largest funeral processions in modern English time and it’s coverage was being powered by a small startup here in Chicago: Geofeedia.

As the Iron Lady was carried by gun carriage through the miles-long route, the BBC aggregated all of the photos and posts shared across social media platforms into an online interactive map, in real-time. This innovative coverage provided not only the BBC but the world with a first-person perspective of the event.


Read the original BuiltInChicago article here

CRM Service Base Raises $15M Series B To Take On Salesforce

Posted in Base

Base, a cross-platform CRM tool for sales teams, today announced that it has raised a $15 million Series B funding round led by RRE Ventures, Index Ventures and OCA Ventures. Other investors include Social+Capital, Hyde Park Venture Partners, I2A Fund and a number of angel investors who participated in previous rounds.

Today’s round brings the company’s total funding to $22.7 million, including a $6.8 million Series B round in 2012.

Base says it currently has about 3,500 customers and is seeing revenue “in the millions” with 700% year-over-year growth...


Read the original TechCrunch article here

 

Software firm TinderBox lands $3M VC investment

Posted in Tinderbox

Indianapolis software developer TinderBox Inc. plans to fuel product development and build up its sales and marketing teams after receiving $3 million in venture capital.

Allos Ventures, which has an office in Carmel, led the investment round, which also included funding from Hyde Park Venture Partners in Chicago and other, previous investors.

Entrepreneurs and investors Dustin Sapp, Kristian Andersen and Mike Fitzgerald started TinderBox in 2010. The company’s software manages sales proposals…

Read the original Indian Business Journal article at http://www.ibj.com/software-firm-tinderbox-lands-3m-vc-investment/PARAMS/article/46835

Cincinnati Startup Sqrl Raises $550K And Launches Document Reminder Service

Posted in Sqrl

I’m especially fond of business ideas formed by real people, in the trenches, in real jobs, trying to solve real problems that immediately affect them. Seeing that the idea could benefit others and turn a profit as a startup at the same time makes it all the better. I don’t know, it just seems less sterile than a fleet of Ivy League MBAs building a business model around pure data crunching (also a viable and historically successful method too, I should add).

There’s a certain Cinderella mystique around four Ohio accountants, who, not wanting to waste valuable time calling and re-calling their clients on the phone to remind them of needed tax documents, came up with an idea for a better mouse trap…a document reminder service to do that work for them.

Enter Sqrl, which is launching today...


Read the original TechCrunch article here