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Chicago-based Adams Street Partners, which manages more than $20 billion in private equity for institutions, is making its second investment in SnagAJob.com.
The Richmond, Va.-based online site for hourly workers said it has secured an additional $27 million in private equity funding that includes Adams Street, which also participated in an earlier $14 million round of fundraising for the company. Get the full story »
The venture capital arm of Libertyville-based Motorola Mobility Holdings Inc. has made its first investment since splitting from Motorola Inc., putting an undisclosed sum into a California technology company that makes a “digital locker” for multimedia content.
Like its predecessor, Motorola Ventures, Motorola Mobility Ventures’ typical investment ranges between $3 million and $5 million. Motorola split into two independent companies in January, with Motorola Mobility housing the mobile devices and television set-top box units. Motorola Solutions, the other company that focuses on communications gear for government and industrial customers, has its own investment arm called Motorola Solutions Venture Capital. Get the full story »
GiveForward, a Chicago-based startup that helps people raise money for out-of-pocket medical expenses, has raised $500,000 in its first round of funding.
Desiree Vargas Wrigley and Ethan Austin started GiveForward in 2008 and had looked for some funding at that time, but “what we kept hearing from investors is: ‘You should be a non-profit,’” Vargas Wrigley said. She and Austin funded the company themselves, with Vargas Wrigley waiting tables at Cafe Ba Ba Reeba in Lincoln Park in the meantime.
The GiveForward platform allows people to create personalized fundraising pages and share their cause through social media such as Facebook and Twitter. GiveForward collects the donations, which can be done through credit or debit cards, and passes them along to the beneficiary after deducting 7 percent for processing fees. The company said its users have raised $3.5 million since the company’s inception and about 10,000 users have joined the site, with almost half of them signing up in the last six months. Get the full story »
