Follow The Money: 10 Recent Tech VC Investments To Watch

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Headquarters: Chicago, Ill.

CEO: Wes Shepherd
New Funding: $12 million
Round: B
Backers: Drive Capital

Bringing together retailers and manufacturers with data on sales, production and market information, Channel IQ provides an e-commerce management platform to its clients to help them monitor and improve sales. The product features include a big data hub and CRM. The company will use the funding to accelerate development.

“Big data isn’t enough. We need smart data … actionable data,” CEO Wes Shepherd said in the press release. “Data we find either represents a problem or an opportunity. We help manufacturers and retailers follow the data to its logical conclusion – a business action that that produces more profitable relationships.”

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