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Elevate Digital Secures $2.7M Series A Financing

[Techtaffy Newsdesk]

SmartDigital (Elevate Digital), a developer and provider of street-level digital interactive technology, has secured $2.7 million in Series A financing led by Advantage Capital Partners. Metropolitan Capital Bank is also participating in the round. Elevate Digital is also in the process of moving its headquarters to 200 S. Michigan Ave., and the company says it plans to double its headcount.

Elevate Digital was founded as smartDIGITAL in 2011. The company recently announced partnerships with Groupon, the Chicago Tribune and Metromix, among others. Elevate Digital machines process more than half a million interactions across Chicago each month.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.