Tech roundup: Facebook to quadruple Chicago office, 2 companies land funding and more

October 12, 2017

Facebook to quadruple the size of Chicago office

Facebook is quadrupling the size of its Chicago office, potentially creating space for over 500 new employees. With the move, Facebook's Chicago office will measure over 100,000 square feet. A source at Facebook could not confirm how many jobs would be created as a result, but they did say any jobs created would likely be in the departments Facebook is currently hiring for in Chicago. [Built In Chicago]

 

OppLoans celebrates new office with Mayor Emanuel

On Tuesday, Chicago Mayor Rahm Emanuel cut the ribbon at OppLoans’ new headquarters. The fintech startup has tripled its headcount in the past two years, necessitating the move to a bigger space inside One Prudential Plaza. [Press release]

 

Grubhub completes acquisition of Eat24

On Tuesday, Grubhub completed its acquisition of food delivery platform Eat24, formerly owned by Yelp. The deal is worth $287.5 million, and increases Grubhub’s reach to 75,000 restaurants across the country. The two companies also came to a five-year agreement that allows Yelp users to order food from Grubhub while browsing restaurant listings. [PR Newswire]

 

Kellogg's buys RXBar for $600 million

Kellogg's has purchased Chicago protein bar startup RXBar for $600 million. RXBar was founded in 2013 by Peter Rahal and Jared Smith, with the pair first working out of the basement in Rahal’s parents’ house. The company has had a meteoric Rise, with the Chicago Tribune saying RXBar expects sales to hit $120 million in 2017.

 

Chicago startups land fresh funding

3D printing startup Impossible Objects announced a $6.4 million Series A on Tuesday. Impossible Objects will use the funding to grow its sales and marketing staff, along with its R&D team. [Built In Chicago]

FlyHomes, a real estate technology startup that helps users buy homes in fierce housing markets, raised $4 million in new funding last week. The company, which has offices in Seattle and Chicago, will use the funding to boost its marketing efforts and further develop its platform. [Built In Chicago]

 

Trading Technologies acquires Neurensic

Trading Technologies, which makes software for professional derivatives traders, has acquired Chicago-based startup Neurensic. Neurensic’s platform uses artificial intelligence to analyze trades in real-time to identify behavior and patterns that could pose a compliance risk. The deal was announced Tuesday, and financial details were not revealed. [Press release]

 

Chicago startups make big hires

Trish Lukasik has been named CEO at Luxury Garage Sale. Lukasik joins the upscale consignment startup from SpotHero, where she served as COO. She has also held various leadership roles over a 17-year career in the consumer packaged goods industry. [PR Newswire]

Victory Lap, a sales education startup, has named Mark Hancock president. Hancock is a former executive at Goldman Sachs and an executive coach and part-time faculty member at the Lake Forest Graduate School of Management. [Press release]

Customer experience agency Rightpoint has welcomed Rich Wood as senior director of cloud and enterprise apps. Wood joins the company from St. Louis-based digital consulting firm Perficient, where he was the national director of digital platforms and strategy. [Press release]

 

Images via listed companies, social media and Shutterstock.

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