You read that right.
In a press release issued by the University of Chicago Booth School of Business, the school reports that 11 firms raise a combined $85 million in venture capital this year, from firms such as Accel Partners, Sequioa Capital, Benchmark Capital, and Groupon’s venture arm, Lightbank.
The new companies range in industry from: financial services (Braintree, EduLender, FeeFighters), online education and test prep (BenchPrep); to mobile apps (Bump Technologies); to helping consumers make wiser decisions about their utilities (Power2Switch); to breast cancer diagnostics (Quantitative Insights).
Those Booth kids are smart. And entrepreneurship is certainly on the rise there.
Says the faculty director of Chicago Booth’s Polsky Center for Entrepreneurship:
“Entrepreneurship is one of the most popular concentrations for our M.B.A. students. Even students who don’t plan to start a business when they graduate say they benefit from the skills taught in our entrepreneurship courses.”
- Read more about Chicago Booth’s Polsky Center for Entrepreneurship.
- Read about another Chicago Booth startup helping 20- and 30-year olds get their personal finances straight.
- Read about Power2Switch and the Clinton Global Initiative on Launch Soup.