Livongo Health, the consumer digital health company founded by Chicago entrepreneur Glen Tullman, announced on Thursday that it has raised a $52.5 million round of funding from General Catalyst, Kinnevik and Microsoft Ventures, among others. The funding will be used to accelerate the company’s growth in the diabetes management space, expand its solution to cover other chronic conditions and to move into international markets this year. [Built In Chicago]
Corazon Capital just got a lot more money to invest in the Chicago tech ecosystem. The Chicago-based VC firm, which was co-founded by Sam Yagan and Steve Farsht, has previously invested in a number of successful local startups including Mac & Mia, Shiftgig, Catalytic, Inventables and SpotHero. [The Wall Street Journal]
On Wednesday, the Chicago parking startup announced its new SpotHero for Business solution, which integrates with expense management platforms like Concur, Expensify and Certify to automatically submit parking receipts. The in-app solution lets employees switch between personal and corporate accounts with different payment methods.
Two years after launch, MATTER is already seeing serious results. The 1871-based healthtech incubator is now working with 200 startups, which employ 1,300 people and generated $37 million in revenue last year, according to an announcement issued by CEO Steven Collens. The incubator has also established 70 institutional partnerships, including with 11 health systems and 20 companies spanning the entirety of the healthcare industry.
