News Column

Chicago Technology Venture Capital Scorecard for 2011

Page 3 of 6



Media Chaperone

Founders: Ed Lewis and Dave Shemenski

Founded: 2010

Funding: $1.25 million

Employees: 5

Outlook: We are launching a Family Gift service that allows parents to invite extended family to participate in a gift purchase via Facebook. Later this year, we will launch a mobile family platform, allowing parents to set permissions for mobile apps and purchasing by their kids.



EpiWorks



GrubHub

Founders: Mike Evans and Matt Maloney

Description: GrubHub's website and mobile applications connect consumers with restaurants in their area that deliver food.



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LIGHTBANK



Founded: 2010

Founders: Eric Lefkofsky and Brad Keywell

Current fund: $200 million (closed 2011)

Invested so far: Less than $100 million

Typical investment: $500,000-$1 million for a seed round; $1 million-$3 million for Series A

Strategy: Early-stage companies in large, high-growth industries such as social media, the consumer Web and business-to-business technology.

Portfolio Companies:



BodyShopBids

Founder: Brad Weisberg

Founded: 2011

Funding: $1.25 million Employees: 9

Description: Car owners can use BodyShopBids' website or mobile app to upload a photo of their damaged vehicle. Local body shops bid on the repair work and customers can book appointments online. Outlook: I've been overwhelmed with how grateful people have been for taking a frustrating process and making incredibly simple. Our goal is to create a turn-key solution for car repair that benefits customers, body shops and insurance carriers.



BenchPrep

Founders: Ashish Rangnekar and Ujjwal Gupta

Description: BenchPrep makes test preparation courses that can be accessed on the Web, iPhone, Android or iPad.



Sprout Social

Founder: Justyn Howard

Description: Sprout Social's technology helps companies manage their social media presence through publishing updates across platforms, managing teams and measuring results.

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MK CAPITAL



Founded: 2003

Founders: Bret Maxwell, Mark Koulogeorge, Karen Buckner and Mark Terbeek

Current (2nd) fund: $250 million (closed 2011)

Invested so far: $125 million

Typical investment: $2 million -- $5 milliStrategy: Interested in digital media, marketing automation, software and education technology.

Portfolio Companies:



Eved Founder: Talia Mashiach

Founded: 2010

Funding: $12.3 million

Employees: 30+

Description: Eved's technology platform automates the buying and selling for meetings and events.

Outlook: We are focused on continuing to increase online transactions and have shown a 150% increase over the last year in transactions.



CellTrak

Founders: Andrew Kaboff and Steven Wegner

Description: CellTrak specializes in mobile technology for home and hospice care providers, allowing aides and nurses to accurately collect, organize and access patient information.

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SANDBOX INDUSTRIES



Founded: 2004

Founders: Nick Rosa and Bob Shapiro

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