Chicago tech and startup companies raised at least $405.2 million throughout the month of October, the largest amount raised during any month of 2018 and nearly double the amount raised in September, according to data compiled by Chicago Inno.
The most significant funding rounds throughout the month came from two local marijuana companies: Cresco Labs, which raised $100 million, and Verano, which raised $120 million.
Verano: The Chicago marijuana company raised $120 million in new funding to expand in Illinois and elsewhere. Verano is a holding company that consolidates ownership of several cannabis operations, including Illinois-based Ataraxia.
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