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Parking app SpotHero nabs $4.5 mln Series A

SpotHero has closed $4.5 million in Series A funding. The investors included Chicago Ventures, Bullpen Capital, Battery Ventures, OCA Ventures, Pritzker Group Venture Capital, Lightbank, G2T3V, e.ventures, Draper Associates and 500 Startups. In conjunction with the funding, Mike Gamson of LinkedIn has been added to SpotHero’s board of directors. Headquartered in Chicago, SpotHero is an on-demand parking app.

News sharing startup Quibb picks up $650K, seeks to raise another $100K

According to a post on its site, Quibb has secured $650,000 in seed funding. The investors include Bloomberg Beta, betaworks, Lightbank and unnamed nagel investors. Also, Quibb is seeking to raise an additional $100,000 through fundraising platform Alphaworks. Based in San Francisco, Quibb is a network for industry professionals to share and discuss news items. To read the announcement, visit here.

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TakeLessons snags $7 mln

TakeLessons said Tuesday that it has secured $7 million in funding. Lightbank led the round with participation from Crosslink Capital, SoftTech VC, Triangle Peak Partners and Moore Venture Partners. TakeLessons is an online marketplace for qualified and vetted teachers.

Udemy Secures $12m Series B Led by Insight Venture Partners

Online education marketplace Udemy has completed a $12 million Series B financing round led by Insight Venture Partners, with additional support from existing investors Lightbank, MHS Capital and Learn Capital. This brings bringing Udemy’s total funding to $16 million. The company has also announced the hiring of Dennis Yang as president and chief operating officer.

Locu Raises $4 Mln Round led by General Catalyst Partners

General Catalyst Partners has led a $4 million series A round for Locu. Chris Sacca’s Lowercase Capital, Lightbank and SV Angel participated, while Naval Ravikant and Babak Nivi of AngelPool, Quotidian Ventures, and Matt Ocko of Data Collective also took part in the round. With offices in Cambridge, Mass. and San Francisco, Locu is building […]

Lifecrowd Packs in $5M

Lifecrowd, the social activities discovery site, has tagged on $5 million more to help boost the company’s online marketplace. Chicago-based investment fund Lightbank led the investment and will get a board seat as part of the transaction. Other backers include Bullpen Capital, Baroda Ventures, Prism VentureWorks and MuckerLab. PRESS RELEASE: SANTA MONICA, Calif., April 19, […]

BodyShopBids Announces $1M Series A Round

BodyShopBids, a Chicago-based online and mobile platform that customers can use to solicit custom auto repair estimates, today announced that it has secured $1M in series A financing led by OCA Ventures. New World Ventures and Lightbank also participated in the round. Jim Dugan, managing partner of OCA Ventures, and Jeff Maters, vice president of […]

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As Groupon’s Fortunes Shift, Chicago Sticks By It

Not long ago, the daily deals giant Groupon was the toast of Chicago, a press darling that received the blessing of Oprah Winfrey, was commended by Forbes as the “fastest growing company ever,” and even reportedly spurned a multibillion-dollar buyout offer from Google. A Chicago Tribune headline from last December summed up its place in […]

Lightbank Backs BodyShopBids

Lightbank, the venture fund started by Groupon co-founders Eric Lefkofsky and Brad Keywell, has put an undisclosed amount into BodyShopBids, a free online service that enables consumers to get auto repair estimates from local body shops. No terms were released. BodyShopBids was formed in early 2011, and is based in Chicago.

MyRete Inks Investment from Lightbank

San Mateo, Calif.-based myRete has raised an undisclosed amount of venture capital from Lightbank, the technology investment fund created by Groupon co-founders Eric Lefkofsky and Brad Keywell. myRete makes a location-based social networking app called WhosHere. The company, which was formed in 2008 and says its already profitable, will use the funds to grow its business.

BeachMint Lands $23.5M Round–UPDATED

Scale Venture Partners and Lightbank, the tech investment fund launched by Eric Lefkofsky and Brad Keywell, were joined by New Enterprise Associates, Trinity Ventures and Anthem Ventures in a $23.5 million round of fundraising for Beachmint, a social commerce company for celebrity-created consumer products. Specifics on the transaction were not specified, but Sharon Wienbar, from Scale Ventures, will join the Olsen-twin-affiliated company’s board.

Lightbank Backs Benzinga

Lightbank, the tech investment fund started by Groupon co-founders Eric Lefkofsky and Brad Keywell, has put an undisclosed amount into Benzinga. Benzinga is a financial media start-up that provides online streaming news, trading ideas, commentary and analyst ratings. The company will use the new money to add staff, and expand its technology. Benzinga has offices in Delaware, Michigan and Chicago.

Lightbank Backs gtrot

Gtrot, the site that intertwines social networking with travel sharing businesses, has locked down growth capital in the form of a Series A VC round from Lightbank. The company launched in late 2009, and is led by Brittany Laughlin and Zachary Smith. Specifics on the deal were not released.

Lightbank Adds Bill Pescatello as Principal

Investment fund Lightbank, which was started by Groupon co-founders Eric Lefkofsky and Brad Keywell, will bring Bill Pescatello on board as a principal, the firm announced. Pescatello has worked with NBCUniversal and was founding member of Peacock Equity Fund, NBCU’s VC arm.

DoubleDutch Gets $1.2M

Groupon co-founders Brad Keywell and Eric Lefkofsky joined VC Lightbank in committing $1.2 million to social business startup DoubleDutch, it was announced today. The company will boost its platform to allow enterprises to launch geosocial applications with the funding. Prior investors include Charles River Ventures, Launch Capital, Accelerator Ventures, Venture51 and Zig Capital.

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