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

 

RedShelf and Ed Map Form Partnership to Provide More Institutions with Affordable eLearning Materials

CHICAGO–(BUSINESS WIRE)–RedShelf, a leader in eLearning content delivery, today announced its partnership with premier content strategy and logistics company, Ed Map. The two companies will integrate their technical solutions to provide Ed Map clients with seamless access to RedShelf’s eReader and catalog of over 380,000 titles, providing learners a robust option for effective and affordable learning materials, including open educational resources (OER).

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.

Online Lender Ascend Taps VCs, Debt in Tough Market

When Steve Carlson, chief executive of emerging online lender Ascend Consumer Finance Inc., considered fundraising this year, he realized the market wasn’t nearly as receptive as a year ago, when his startup received a $1 million equity seed round.

The sector has been beset by problems this year, including lower demand from debt investors for…

There’s a Brilliant New Way to Pay Less for Your Flights

Here’s exactly how to save a ton of money on airfare—especially if you book last-minute

There are probably worse travel planners than me, but I doubt it. I’m a procrastinator, and always fretting that I didn’t find the best deal. So a new feature of airline travel appeals: the option.

Recently, I paid $29 to a company called Options Away to hold a $156 one-way fare from Las Vegas to New York City for two days so I could do some further dithering—I wasn’t sure about my return.

Norwich University’s College of Graduate and Continuing Studies Partners with Ed Map to Drive Course Materials Affordability and Access

NELSONVILLE, Ohio, June 7, 2016 /PRNewswire/ — Norwich University’s College of Graduate and Continuing Studies (CGCS), in Northfield, VT, has partnered with Ed Map, Inc. to provide its online students with course materials services. This decision is another validation of Ed Map’s ongoing development of its product roadmap and its customer service focus, as well as Ed Map’s pioneering Platform as a Service (PaaS) business model. The College, which provides all online students with course materials by the first day of class, will be utilizing the All-In Model by Ed Map (AIM) product.