Tegus, founded in 2016 in San Francisco by twin brothers Tom and Mike Elnick, said in a statement Monday that it now serves more than 1,000 customers, a 300% increase from last year. Clients include investment firms and consultancies.
Crain’s reported in August that the tech company had subleased 47,000 square feet of offices across two floors at 200 N. LaSalle St. from digital job-listing company CareerBuilder. At the time, Tegus said it employed about 230 people, up from 115 in 2020. On Monday, Tegus said headcount has grown to more than 300 people.
With the new funding, Tegus said it plans to hire an additional 400 employees across its sales, product and engineering teams. Employees will be added to the Chicago office, as well as a new office in Waterford, Ireland, as the company begins an expansion into Europe.
The financing will also be used to broaden its data platform and further develop its technology.
Tegus’ Series B funding round was led by Oberndorf Enterprises and Willoughby Capital. To date, the company has raised about $100 million.
Tegus is the latest Chicago tech company to raise a large funding round. Ag-tech startup Farmers Business Network raised $300 million earlier this month, and fintech startup Halo Investing raised $100 million in October.
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