Nature’s Fynd, a Chicago-based developer of microbe-based proteins for meat substitutes and dairy substitutes, has raised $350 million in a Series C funding round led by SoftBank’s Vision Fund 2. The food industry disruptor is engaged in growing protein from a microbe that originated in the geothermal springs of Yellowstone National Park. Nature’s Fynd is […]
Reedy Industries, a US HVAC company, has acquired Pro-Tek Mechanical based out of Lake Zurich, Illinois, for an undisclosed price, as per an announcement made in March 2021. The acquisition will enable Reedy Industries to grow its market share in the Chicago metropolitan region by sustaining focus on its core end markets – industrial and […]
Enova International, a financial technology company, has acquired Pangea Universal, a payments platform based in Chicago that provides mobile international money transfer services. The financial terms of the deal were not disclosed. Enova International said that the transaction brings it world class expertise in technology, analytics, and online business to the global money transfer market […]
Tovala has raised $30 million in a Series C round for its meal service that is paired with a countertop smart oven which scans, steams, bakes, and broils its chef-designed meals. The Series C funding round of the Chicago-based foodtech company was led by Left Lane Capital. Previous investors – Finistere Ventures, OurCrowd, Comcast Ventures, […]
AccuRisk Solutions, Chicago-based managing general underwriter, has acquired medical management and wellness company Case Management Specialists (CMS) for an undisclosed price. Based in Wisconsin, Case Management Specialists offers a range of services that can be separately purchased, to improve or complement existing programs, or as a comprehensive medical management and/or wellness package. Cory Schneider – […]
Rinse, a US clothing care brand, has acquired Dryv, a dry cleaning and laundry provider based in Chicago, for an undisclosed price. The acquisition of Dryv is said to be a significant milestone for Rinse in the Chicago market and in its pursuit for expanding across the US. Dryv is also the latest in a […]
Enova acquisition of OnDeck : Enova International, a Chicago-based provider of online financial services to non-prime consumers and small businesses, has agreed to acquire OnDeck, an online lender to small business, in a cash-cum-stock deal worth around $90 million or $1.38 per share. The deal is said to bring together a couple of complementary businesses, […]
The Mather Group (TMG), a US wealth management firm, has acquired Resource Advisory Services, a Tennessee-based financial advisory firm for an undisclosed price, in a move to expand its footprint in the southeast US. Resource Advisory Services, which has $116 million in assets under management (AUM), is the sixth acquisition for The Mather Group in […]
Paper Source, a Chicago-based stationery and gift retailer has acquired 30 closed stores of the bankrupt lifestyle brand and gift retailer Papyrus in the US for an undisclosed price. In January 2020, Schurman Fine Papers, the parent company of the greeting card and stationery chain filed for bankruptcy. As a result of which, Schurman Fine […]
Rapid coronavirus test : Chicago-based Surgisphere Corporation claims to have launched a rapid diagnostic tool for novel coronavirus. The healthcare data analytics and medical education company claims to have tapped into its global research network and advanced machine learning to create an intelligent tool that uses only three common laboratory tests to identify patients who are […]