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Recently spotted: A unicorn startup that is both profitable and from the Midwest

By NexChange
Venture Capital

 

unicorn paper

Now here's something really different:

A unicorn startup that is both profitable and based in the Midwest. Should we call it a uni-unicorn?

The rare beast is Chicago-based Uptake, which has raised $45 million from GreatPoint Ventures and other investors, giving it a $1.1 billion valuation, reports The New York Times.

Uptake partners with well known companies to create software for gathering and interpreting data. CB Insights reports a total of 139 unicorns.

Photo: yosuke muroya 

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