5 Illinois Startups That Raised Funds in 2014

Posted in: Company Lists, Sector and Company Insights

[vcrow][vccolumn width="1/1"][vccolumntext]Narrative Science raised an additional $10 million in November 2014. Narrative Science provides a software solution to automate writing reports based on structured data. The funding round was led by USAA, along with existing investors Sapphire Ventures, Jump Capital, and Battery Ventures.

5 Illinois Startups That Raised Funds in 2014

Using DataFox, we compiled a list of five Illinois startups, including Narrative Science, that raised funds in 2014.[/vccolumntext][vcemptyspace height="18px"][vcrowinner][vccolumninner width="1/6"][vcsingleimage image="6644" bordercolor="grey" imglinktarget="self" alignment="center"][/vccolumninner][vccolumninner width="5/6"][vccolumntext]

Ifbyphone, which provides voice-based marketing automation, connects, measures and optimizes sales and service calls for businesses and organizations. Ifbyphone’s VBMA solutions capture and manage phone leads and information that often slip through the cracks of traditional marketing automation and CRM software solutions. The Ifbyphone product suite is a set of software-as-a-service applications including call tracking, hosted IVR (interactive voice response), call routing, virtual call center and voice broadcasting.

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Narrative Science provides automated narrative generation services for the enterprise. Powered by artificial intelligence, its Quill™ platform analyzes data from disparate sources, understands what is important, and then automatically generates perfectly written narratives to convey meaning from the data for any intended consumer or business audience, at unlimited scale.

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Evolve IP is a Cloud Services Company. Evolve provides organizations with a unified option for cloud services such as virtual servers, virtual desktops, disaster recovery, IP telephony, unified communications, and contact centers. Evolve IP has built geographically-diverse, redundant data centers based on technologies from Cisco, EMC, VMware, and Broadsoft, and connected various tier-one carriers to create a Private Cloud.

  • Location: Rolling Meadows, IL
  • Founded: 2006
  • Total Funding: $55.3 million
  • Recent Funding: $27.5 million in May 2014

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Sprout Social provides innovative tools to help businesses more effectively manage their social media and social care efforts. Sprout provides social media engagement, publishing and analytic tools for top global brands including AMD, McDonald’s, Nokia, Pepsi, and UPS.

  • Location: Chicago, IL
  • Founded: 2005
  • Total Funding: $27 million
  • Recent Funding: $8 million in June 2014

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Retrofit is a weight loss company that bridges the gap between what you know and what you do. With a science based, tech-enabled, proven approach, delivered with the human touch of multi-disciplinary certified wellness experts, Retrofit makes you aware and conscious of your relationship with food, so you can overcome barriers to healthy eating, and improve your attitudes towards physical activity.

  • Location: Chicago, IL
  • Founded: 2011
  • Total Funding: $15.7 million
  • Recent Funding: $5 million in January 2014

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