Arch Venture Partners raises new $3B fund to back biotech startups

Chicago Biz Journals 6/29 9:56A Jim Dallke

A biotech-focused VC firm in Chicago has reloaded with a large new fund to back more life-science startups. Arch Venture Partners said Wednesday it raised $2.975 billion for its 12th fund. It follows a $1.9 billion fund Arch raised in 2021, and...

Howard Brown building a new health center on Chicago's North Side

Chicago Biz Journals 6/29 9:36A Wendell Hutson

The health care facility located in Chicago's most populous neighborhood will include ground-level retail space.

SVT Supply Chain Solutions to move into Lake Zurich Industrial Park

Chicago Biz Journals 6/29 7:33A Wendell Hutson

The New Hampshire-based supply chain company will occupy 39,000 square feet at 580 Capital Drive.

Restaurant robots to build pizzas at Chicago-area Slice Factory locations

Chicago Biz Journals 6/29 6:50A Ben Miller

Nala Robotics said its autonomous chef Pizzaiolaä will be used at a dozen local pizzerias.

Heather Mack back in court for conspiracy and obstruction of justice charges in mother's murder

CBS Chicago (News) 6/29 6:30A CBS Chicago

CHICAGO (CBS) -- Heather Mack, the Oak Park woman convicted in Indonesia of helping her boyfriend kill her mother back in 2014, is back in court. Mack was charged with conspiracy and obstruction of justice. She was released from an Indonesian...

Heather Mack back in court for charges in mother's 2014 murder

CBS Chicago (News) 6/29 6:24A CBS Chicago

Heather Mack, the Oak Park woman convicted in Indonesia of helping her boyfriend kill her mother back in 2014, is back in court.

Walgreens decides fate of its Boots and No7 Beauty brands

Chicago Biz Journals 6/29 6:22A Anne Stych

A potential sale had been under review since January.

Chicago July 4 Fireworks 2022: Where and when to watch shows around the area

CBS Chicago (News) 6/29 5:38A CBS Chicago

CHICAGO (CBS) Celebrate the Fourth of July with these fireworks shows around the Chicagoland area. Antioch Date: July 4 at 9:15 p.m. Where: Williams Park 741 Main St. Arlington Heights Plans to be determined Aurora Date: July 4 at 9:15 p.m....

State and Local Economic Development Organizations to Attract Global Investment to Illinois at 2022...

AmericanTowns.com (Oak Park) 6/28 7:00P

SPRINGFIELD The State of Illinois on June 27th, announced its delegation for the 2022 SelectUSA Investment Summit, led by the Illinois

Fireworks, Leave Them to the Professionals!

AmericanTowns.com (Oak Park) 6/28 7:00P

202 fireworks related injuries and one death reported during 2021 in Illinois Springfield, Ill - The Office of the Illinois State Fire Marshal

3 Hyde Park apartment buildings aimed at students near full occupancy after overhaul

Chicago Biz Journals 6/28 3:45P I-Chun Chen

Peak Properties is bringing 57 new student housing units in three Hyde Park buildings under its management.

Drive Capital raises an additional $1B to invest in 'overlooked' startups between the coasts

Chicago Biz Journals 6/28 9:29A Carrie Ghose

Drive Capital LLC invests where the vast majority of VCs don't — and it has $1 billion more to do so. Over the past decade, the Columbus, Ohio, venture capital firm has invested throughout the Midwest. Now it says it's looking for high-growth...

Chicago startup Improovy raises $2.8M to help you find a house painter

Chicago Biz Journals 6/28 9:04A Jim Dallke

Founded in 2019, the platform connects homeowners with painting contractors.

Construction underway on 500,000-square-foot Chicago-area industrial development

Chicago Biz Journals 6/28 8:48A Wendell Hutson

Completion on the 541,000-square-foot build-to-suit Class A building in Huntley is slated for fall 2023.

Keith Bank’s KB Partners still uncoding sports tech’s fast-moving clues and opportunities

Chicago Biz Journals 6/28 3:00A Tom Friend

By 2025, Bank and Highland Park, Illinois-based KB Partners expect their aggregate investments in fledgling sports tech could conceivably reach $200 million.