Coming off a year of nearly 4,000 percent growth, Regroup Therapy just raised a $6M Series A

Regroup Therapy has had a whirlwind of a year.

The Chicago-based startup, which uses video technology to deliver mental health services to underserved areas, announced on Thursday that it has raised a $6 million Series A round of funding led by OSF Ventures.

Regroup Therapy, which raised a $1.8 million seed round last spring, has seen its annual recurring revenues grow by nearly 4,000 percent over the past year.

“We were aiming for half a million dollars annual revenues last year, but we’re on track to book more than $4 million,” said founder and CEO David Cohn. “Our seed funding allowed us to invest in more people. When we got away from trying to do three or four times more than is humanly possible, we discovered that our processes were actually really good — we just needed more people out there.”

Read more (via Built In Chicago) at: http://www.builtinchicago.org/2017/06/15/regroup-therapy-raises-6m

Regroup Therapy lands $6M to give mental health care over video chat

Chicago-based Regroup Therapy, which lets mental health professionals virtually meet with patients at a variety of institutions, has raised more than $6 million in Series A funding, it announced Thursday.

It has been a period of notable growth for Regroup, which was founded in 2011 and bootstrapped until last year.

Revenue at the telehealth company is up significantly since it raised its $1.8 million seed round in April 2016, said CEO and founder David Cohn. It currently has more than $4.5 million in annual revenue under contract, whereas early last year its annualized revenue was about $100,000, he said.

“(We) have a health care system that is increasingly incentivized to provide better care earlier for patients,” Cohn said. “You can’t do that without providing high-quality mental-health care earlier.”

Read more (via Chicago Tribune) at: http://www.chicagotribune.com/bluesky/originals/ct-bsi-regroup-therapy-funding-6-million-20170615-story.html

Solovis Raises $8 million to Accelerate Growth

Investment follows 300% Annual Growth as institutional investors embrace multi-asset class portfolio management and reporting solution

DALLAS, May 9, 2017 /PRNewswire/ — Solovis, a multi-asset class portfolio management, analytics and reporting platform for limited partners and asset allocators, today announced it has raised $8 million in a Series A round. The funding was led by Edison Partners, a leading growth equity capital firm based in Princeton, NJ. Previous investors MissionOG, OCA Ventures, Timberline Ventures, Northwestern University, and Backstop Solutions co-founder Jeremie Bacon also participated. Joining the consortium this round is Cultivation Ventures, a venture capital firm specializing in technology and life sciences, with several partners who have worked in investment management technology.

“During the last year, Solovis has experienced 300 percent growth with top-tier endowments, foundations, and family offices adopting its platform, helping to establish the company as the emerging industry standard for multi-asset class managers,” says Tom Vander Schaaff, General Partner, who led the investment for Edison. “We are impressed by Solovis’ rapid growth, deep roster of marquee customers, and its market leadership position. The financing will allow Solovis to continue to expand its solutions and magnify its significant impact on the industry,” he added.

Read more (via PR Newswire) at: http://www.prnewswire.com/news-releases/solovis-raises-8-million-to-accelerate-growth-300454291.html?tc=eml_cleartime

Tenor moves to monetize GIFs with launch of real-time analytics tool and ad product

 

SpotHero snaps up rival Parking Panda to boost its B2B credentials and expand into Canada

 

Lucas Roh’s next act is all about big data

Lucas Roh is taking a big step with his newest startup, coming out of stealth mode.

Roh’s new company, Bigstep, launched four years ago in London, is looking to make it easier for companies to tackle big data projects using the cloud. He’s betting that he can help companies make the leap by offering them better security and ease of use than Amazon, Microsoft and Google.

Bigstep is launching its product in the United States, opening a data center and office in Chicago, where Roh is based.

Levyx Raises $5.4M to Supercharge Big Data Processing Platforms Like Apache Spark

PALO ALTO & IRVINE, Calif.–(BUSINESS WIRE)–Levyx Inc., whose high-performance processing technology dramatically reduces infrastructure costs associated with big-data applications, today announced the closing of a $5.4 million Series A round led by Chicago-based OCA Ventures. Additional investors include Palo Alto, Calif.-based Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual executives from leading technology companies like EMC and SAP.

Start-Ups Aim at Overlooked Demographic: The Unbanked

Last summer Jimmy Chen walked the streets of San Francisco trying to do simple financial transactions without a bank account, a task millions of Americans face.

It cost him $4 to cash a $20 personal check and $5 to send $30 to a relative — activities that would have been free with a bank account. When he needed to retrieve a money transfer, the process of verifying his identity took so long he almost gave up.

Ally Financial Announces Acquisition of TradeKing Group

DETROIT, April 5, 2016 — Ally Financial Inc. (NYSE: ALLY) today announced that it has signed an agreement to acquire TradeKing Group, Inc., a digital wealth management company. The transaction is expected to close in the third quarter and includes an online broker/dealer, a digital portfolio management platform, and educational content and social collaboration channels. The transaction is subject to regulatory approval from the Financial Industry Regulatory Authority (FINRA) and compliance with the Hart-Scott-Rodino Antitrust Improvements Act, as well as satisfaction of other customary closing conditions.

“The addition of wealth management is the next key step in Ally’s digital product evolution and will create a powerful combination of segment-leading direct banking and innovative investment services in a single integrated customer experience,” said Ally Chief Executive Officer Jeffrey Brown. “This transaction presents a compelling opportunity for customers and a logical growth opportunity for Ally.”

The strongest players in carbon fiber 3D printing today

Incredible strength and stiffness, chemical and temperature resistance, electrical conductivity, and low weight on par with plastic parts: carbon fiber 3D printing has it all, and its poised to be the next major trend in industrial additive manufacturing.

While metal 3D printing has been skyrocketing in terms of popularity, market share, and high-demand applications for the past year, and will certainly continue to do so, 3D printing with carbon fiber reinforced plastic (CFRP) offers unique properties that are increasingly sought out in the aerospace, military, motorsports, robotics, automobile, and energy sectors. Namely, carbon fiber composites, which are made of extremely thin carbon fibers measuring about 5-10 microns in diameter, have a higher strength-to-weight ratio than almost any other manufacturing material. Imagine a conductive 3D printed part that is stronger than steel yet as light as plastic, and with a beautifully smooth surface finish: that’s carbon fiber 3D printing for you.