Tagged: illinois

Lemonade Adds Illinois to List of States Where it Provides Insurance

Insurtech firm Lemonade has moved into the midwest by adding Illinois to the list of the states where it may offer insurance. Adding Illinois comes six months after launching in New York state by receiving regulatory approval to offer insurance. Lemonade is an insurance company… Read More

Money360 Funds $8.3 Million Bridge Loan for Jacksonville, Illinois Retail Center

Commerical real estate marketplace lending platform, Money360, announced on Wednesday it has provided a bridge loan to the owner of a retail center in Jacksonville, Illinois. According to Money360, the $8.3 million loan is allowing the borrower to pay off a maturing loan on the Lincoln… Read More

Illinois Crowdfunding Starting Strong in 2017

While it took longer than expected to get here, Crowdfunding for Illinois businesses is now officially up and running and its full steam ahead. To mark the occasion, a joint press conference was held yesterday at local incubator 1871 which I was privileged to be… Read More

Supporters of Michaels Chicago Manager Raise Over $23,000 Through GoFundMe Following Customer’s Verbal Attacks (Video)

Prior to this past Thanksgiving holiday, a Michaels Store in Chicago experienced a customer-service fiasco that was recorded by a bystander, named Jessie Grady.  For 30-minutes, Grady watched and recorded a woman who unleashed incredible vitriol on two employees (and everyone else in the store)…. Read More

Money360 Provides $800,000 Bridge Loan For Illinois Retail Property Acquisition

Real estate marketplace lending platform Money360 announced on Monday it has provided an $800,000 bridge for the acquisition of a newly-constructed, single-tenant retail building, located in Raymond, Illinois. According to Money360, the borrower has secured a loan through its platform and was able to close before its 1031-exchange… Read More

VestLo Becomes the First to Submit Application to Operate as an Illinois Investment Crowdfunding Platform

This week, Chicago-based fintech company VestLo announced that it has become the first to submit an application to the Illinois Secretary of State, Securities Division, so that it may register as a “qualified” crowdfunding platform under the new Illinois Intrastate Crowdfunding Exemption. The adopted Illinois Intrastate Crowdfunding Bill creates… Read More

Kickstarter Project “Wabash Lights” Set to Launch Tonight in Downtown Chicago

Just a little over seven months after they secured nearly $60,000 on Kickstarter for their Wabash Lights project, Jack C. Newell and Seth Unger announced the lights are set to launch this evening in downtown Chicago. The duo hit the crowdfunding giant this past summer to bring… Read More

RealtyMogul.com Completes Financing on “Full Capital Stack” for Chicago Office Building

On Thursday, online marketplace for real estate investing, RealtyMogul.com, announced $16.875M bridge loan and $1.5M preferred equity investment, which facilitated the acquisition of an office building in Rolling Meadows, Illinois.  The sponsor is Schaumburg-based Helios Properties and the facility is a non-recourse loan with proceeds being used… Read More

Chicago Listed Among Top Crowdfunding Cities Worldwide

Its pizza may be world famous, but Chicago recently added a new attribute to its menu: one of the most active crowdfunding cities in the world, notes ChicagoInno. With 132 live projects as of Jan. 16, 2016, Chicago ranks behind only London, Los Angeles, New York City and San Francisco,… Read More

Indiegogo’s Kate Drane Named B2C Tech Winner of Chicago Inno’s 50 on Fire Awards

On Thursday, Streetwise Media’s digital city news property, Chicago Inno, announced the winners of this year’s 50 on Fire Awards. While sharing details about the Fire Awards, Streetwise Media President, Leslie Garbarino, stated:  “Chicago’s innovation economy continues to grow every year in large part due to… Read More

Chicago’s Startup Snooz Launches Kickstarter to Help Turn Any Bedroom Into a Sleep Haven

Earlier this week, Chicago-based startup SNOOZ took to crowdfunding platform Kickstarter with a mission to raise $100,000 for its self-titled “ultra-portable” sound conditioner. SNOOZ is described as an 2.5″ tall acoustic white noise machine that helps user fall asleep and stay asleep. According to the company, using a… Read More

PALMco Revives Commitment to Science Education by Funding Local Teachers’ Projects Through DonorsChoose

PALMco, a family owned and operated energy supply company, announced today its third annual commitment to funding environmental science projects in partnership with DonorsChoose, a non-profit crowdfunding platform where teachers can request classroom resources. By partnering with the DonorsChoose.org “Double Your Impact” initiative, qualified projects in… Read More

Baubax’s “Travel Jacket” Captures Over $4M Halfway Through Kickstarter Initiative; Becomes the Most Funded Clothing Project on the Platform

There’s no stopping these jackets! Last month, Chicago brand Baubax hit Kickstarter with a mission to raise only $100,000 for its Travel Jacket. Within only a few days, the project surpassed its initial goal and quickly reached over a million dollars. Now, half way through… Read More

Governor of Illinois Signs Crowdfunding Bill Into Law

Today marks a landmark day for Illinois entrepreneurs and investors as Governor Bruce Rauner signed and approved the Illinois Intrastate Crowdfunding Bill (HB 3429). The bill was passed unanimously by the Illinois House of Representatives and Senate back in late May but with the Governor’s… Read More

Kickstarter’s Co-Founder Charles Adler Opens Center for Lost Arts in Chicago

Earlier this month, co-founder of Kickstarter Charles Adler opened his latest project, Center for Lost Arts, in Chicago. According to the Chicago Tribute, Adler unveiled the center, which is inside a former West Town meat wholesaler that was about to be torn down for less than $50,000. He… Read More

All-In-One Apparel: TRAVEL JACKET Gains Over $1M in Less Than Two Weeks on Kickstarter

Baubax, an apparel brand from Chicago, recently launched a crowdfunding campaign on Kickstarter to raise only $20,000 for the TRAVEL JACKET. Within a week and a half, the project not only surpassed its initial goal, it has captured well over $1 million thanks to nearly… Read More

Illinois Crowdfunding Bill Gets Approval in Both House & Senate

I am absolutely thrilled to be able to say that, after over a year of lobbying, this week the Illinois Intrastate Crowdfunding Bill (HB 3429) was approved. In fact, in a rare display of true bipartisan action (especially for Illinois), the bill was approved unanimously… Read More

Brief: PeerRealty Announces Triple Net Lease Real Estate Crowdfunding Investment

Real estate crowdfunding platform, PeerRealty, announced today that it is now accepting reservations from investors interested in investing in a portfolio of two triple net lease properties located in Schaumburg, IL and Orland Park, IL. PeerRealty CEO, Jordan Fishfeld, explained: “At PeerRealty, we aim to… Read More

PALMco Teams Up With PAWS Chicago to Advocate for Animal Welfare

PALMco, a family owned and operated energy supply company, announced today its support of PAWS Chicago, the city’s largest No Kill humane organization focused on creating solutions to end the killing of homeless pets. PALMco contributed $5,000 to support PAWS Chicago’s 9th Annual Animal Magnetism event, which… Read More

PeerRealty Announces New Illinois Real Estate Crowdfunding Investment Opportunity

PeerRealty,  a real estate crowdfunding platform, is proud to announce that it is now accepting investments from accredited investors interested in investing in the Riverside Plaza shopping center in Belvidere, Illinois. The $1 million offering is one of the largest real estate crowdfunding offerings in Illinois… Read More