Tech roundup: Funding news, Chance the Lyft Driver, and more

by Alton Zenon III
October 18, 2018
FRST team photo
image via frst

FRST gets $3.4M funding to aid cryptocurrency traders

FRST, a provider of enterprise-level data for digital asset traders, raised $3.4 million in funding, with investments led by early-stage venture capital firm Vestigo and crypto asset trading investment firm CMT Digital. Funding was also contributed by Akuna Capital and Oak Ridge Investments. According to FRST CEO Karl T. Muth, the platform is currently in its beta stage and will be moving to full market release over coming months with the help of investors. [Press release


Chance the Rapper driving a woman in a Lyft
image via youtube

Chance the Rapper goes Chance the Lyft Driver

Lyft demonstrated its Round Up & Donate feature with the help of Chance the Rapper and his nonprofit SocialWorks by disguising the artist as a driver in its Undercover Lyft series. The app’s feature allows riders to round up their fares to the nearest dollar and donate the change to a cause of their choice. Through SocialWorks, riders benefit the Chicago Public School system. In the video, Chance takes unsuspecting riders to their destinations and highlights the app’s donation feature before revealing his identity, to delightful surprise. [YouTube]


BlueGrace Logistics' new office
image via VHT Studios/Andrew Miller

BlueGrace Logistics is expanding in Chicago

BlueGrace Logistics, a tech-enabled freight services and transportation management company, announced it is expanding its office in Chicago Board of Trade Building, initially opened last July. The addition doubles the size of the office, measuring in at 15,000 square feet, to make room for the company to more than double its Chicago workforce. “We now have nearly 50 employees in the Chicago Board of Trade and we are expecting to accommodate nearly 175 employees when we finish building out the space,” said Bobby Harris, CEO. [Press release] 


Trunk Club new headquarters
image via trunk club

TrunkClub opens new Chicago headquarters

Curated clothing provider Trunk Club officially reopened the doors to its Chicago Clubhouse and headquarters, which has a brand new marquee sign on its exterior and a redesigned retail space for customers. The locations spans 74,000 square feet of space and hosts individual fitting rooms uniquely inspired by Trunk Club brand partners. The company also partnered with home decor retailer CB2 to fit the space with new furniture. [Press release]


InterOptic gets two executives

Brian McConnell
president and CEO

InterOptic, a fiber optics technologies provider for enterprise companies and government institutions, made two high levels this month. The first is Brian McConnell as president and CEO. Prior to this role, McConnell served as general manager and vice president of marketing of a $300 million division of Tellabs before co-founding and working as chief operating officer of Optulink. He has over 20 years of experience in scaling businesses and the teams within them, as we well as introducing new solutions to the IT industry. [Press release]


Britt Mowery
vice president of federal markets

InterOptic’s second hire is Britt Mowery as vice president of federal markets. Mowery was previously the federal account executive at FishNet Security and director of Federal Sales at TechTrend. Mowry has more than 15 years of experience in delivering IT and data management solutions to facets of the federal government, which he will leverage in his new role. [Press release]


Chicago startup guides

Best Companies to Work for in Chicago
Best Software Engineer Jobs in Chicago
Coolest Offices in Chicago Tech
Best Sales Jobs in Chicago
Best Perks at Chicago Tech Companies
Your Guide to Healthtech in Chicago
Best Data Science & Data Analyst Jobs in Chicago
Best Marketing Jobs in Chicago