Web-Based Financial Terminal YCharts Raises $3.875M Round Led By Morningstar And Reed Elsevier Ventures
YCharts, a Chicago and New York-based startup that calls itself a financial terminal for the web, today announced that it has raised $3.875 million in its third funding round. The round was led by Morningstar and Reed Elsevier Ventures, with participation from all of the company’s earlier investors, including Hyde Park Angels, I2A and Amicus. This round brings YCharts’ total funding to $8.625 million. Last year, our own Rip Empson called the service “a better Yahoo finance,” but the company’s goal is now quite a bit broader than that. YCharts says it computes more than 2,000 metrics for every listed stock in its database and also tracks over 350,000 economic indicators from around the world. The service gets these data points from public sources, as well as through deals with other firms, including data from its investor Morningstar. YCharts also offers an Excel plugin that allows users to easily pull YCharts data into spreadsheets and financial models. As the company’s CEO ...
Penny Pritzker to be nominated for Commerce secretary
Making official what many Democrats have expected for weeks, President Obama plans to nominate Chicago business executive Penny Pritzker, a longtime political supporter and heavyweight fundraiser, as his new Commerce secretary this morning.
Fast-Growing Mobile Loyalty Platform Belly Goes Enterprise
Chicago-based loyalty platform Belly is expanding into the enterprise with a rebuilt platform designed for corporate and multi-store businesses. The company, which began by focusing on the small-to-medium sized merchant, is now working with over 100 enterprise-level accounts with over 600 locations, says co-founder and CEO Logan LaHive, noting this now represents 10 percent of Belly’s total network as well as its fastest-growing channel to date. One of these enterprise chains is a large, well-known convenience store brand, but Belly is not permitted to disclose that company by name, we were told. However, a promotional email sent out to the Chicago Belly customer base recently basically gave it away: The email was touting a contest which would allow Belly users a chance to win free Slurpees for a year at area 7-Eleven stores. Specifically, the email said that “…you can now Belly at all 7-Eleven Chicago locations.” 7-Eleven is also live on the Belly website here. A search on Belly’s ...
Alderman pitches plan to pay for police on Michigan Avenue
Business associations and other nonprofit groups could pay to put more cops on the street in Chicago's main shopping area and perhaps even in troubled neighborhoods under a proposal offered by the alderman who represents most of downtown.
Exec CEO Justin Kan Talks Competition, Cleaning, And Future Plans
Hot on the heels of Exec’s Cleaning Service launch in NYC, we couldn’t resist the opportunity to get CEO and co-founder Justin Kan in the studio for a quick chat. We also couldn’t resist checking out the service in action, and thusly hired Execs from the company’s standalone Cleaning app to help tidy up our NYC Aol Ventures crib. For those unfamiliar with Exec, the concept is quite simple. Exec lets you hire people on a case-by-case basis for errand-running and cleaning. The app originally launched as an errand-running service, letting Execs who sign on to the platform (and pass background checks) run to get you coffee, pick up your dry cleaning, or assemble that Ikea bed for you. You’re charged $25 per hour, the majority of which goes to the Exec and a percentage of which goes to the company. After realizing that cleaning was dominating over 50 percent of Exec’s orders, the company launched a standalone Cleaning app in February. Since, the cleaning side of the business has expanded ...