Magic Johnson Joins Cameo, Expanding FTX.US, and More Chicago Tech News


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Chicago tech companies are experiencing significant growth and plan to continue their strong momentum with the moves of last week. Find out what’s new. This is Built In Chicago’s weekly update.

Bringg secured $ 100M. The Series E round for this logistics company brought its valuation to $ 1 billion. The unicorn’s next step now is to invest in expanding its platform to meet the increased demand. In addition, the company is expanding through M&A and is looking for strategic partnerships. Bringg’s cloud-based platform helps companies optimize their order fulfillment and delivery with the help of data-driven analytics. [Built In Chicago]

CoinFlip has been named the fastest growing company in Chicago. The bitcoin company topped the Crain’s Chicago Business Fast 50 list this year and has grown tremendously over the past five years. The way CoinFlip works is that everyone has access to Bitcoin through their ATMs, and it has grown 1,715,091.9%, bringing its revenue to $ 50.6 million. [Built In Chicago]

Chicago Tech Quote of the Week

“We believe in the ability of workers to make more bottom-up decisions. We believe there are opportunities for workers to use the community to learn from and interact with one another. And we believe in the ability to apply that knowledge to a wider range of businesses to create better jobs. ”—Logan LaHive, Frank Co-Founder

Frank started from stealth. The company offers a platform on which employees can discreetly discuss topics at their workplace without the presence of management. Their goal is to optimize workers’ unions by providing them with a secure technology platform to organize without fear of retaliation from the employer. In addition to announcing the launch, Frank is releasing his private beta app to the public. [Built In Chicago]

Cameo welcomed Magic Johnson to its board of directors. The move marks the first time a member of Cameo’s talent pool has taken a seat on its board of directors. Cameo saw significant growth for its celebrity shout-out platform over the past year and now has over 10,000 new additions to its network of pop culture icons. Johnson is available to fans to request a personalized video for $ 500. [Chicago Inno]

FTX.US opens an office in Chicago. As a cryptocurrency exchange, FTX.US is working to grow the digital currency system, and expansion is the next step in its mission. It is planned to fill multiple positions with positions in software development, business development, marketing and design, customer experience, human resources, and more after the store opens in the Windy City. [PR Newswire]

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