A Look at the Chicago Unicorns

Chicago doesn’t have a lengthy history of building $1 billion tech companies. But the ones it does create get to $1 billion valuations really fast. Groupon was the fastest company to reach “unicorn” status, going from founding to a $1 billion valuation in just 1.46 years. But another Chicago startup may have the online deals giant beat. Uptake is Chicago’s newest unicorn, having raised $45 million at a $1.1 billion valuation last month. The company quietly launched early last summer, which would put it just ahead of Groupon’s path to unicorn status. Of the over 140 tech unicorns (private companies with $1 billion valuations) that exist today, just three are located in the Midwest, and each resides in the Chicago region. This year Avant and Uptake joined the list, along…


Link to Full Article: A Look at the Chicago Unicorns