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Radar · Digital Transaction Management in Illinois

Best Digital Transaction Management Companies in Illinois, United States

The 34 best Digital Transaction Management companies in Illinois, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: SpringCM.

34companies tracked
$365.8Mdisclosed funding
0unicorns
10have raised

Ranked: Best Digital Transaction Management companies in Illinois

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1SpringCM
Cloud enterprise content and contract management solutions
$136M99 mo agoAcquired—2005———
2Cleo
Cloud-based platform for EDI
$84M52 mo agoAcquired—2012Cart FunctionalityDrupalApple iCloud Mail+29——
3springcm
SpringCM is a secure document and contract management platform used to solve critical business needs.
$80M99 mo agoAcquired—2005———
4Initiate Systems
Company provides software for electronic data interchange
$31M215 mo agoAcqui-Hiredronald galowich
Co-Founder
1996———
5FormAssembly
Web-based form builder for businesses
$16M31 mo agoSeries BCedric Savarese
Founder & CEO
2006WordPress Block EditorWordPressSentry+39——
6Tackle
AI powered text data analytics platform for enterprises
$11M28 mo agoSeries BJoe Stecher
Founder & CEO
2017—2 patents
Adjustable tension release mechanisms for kite and fishing line control systems
—
7Bravotran
Provider of an AI-based automation solution for document management
$3M5 mo agoSeedMatt Bernstein
Founder
2021———
8Under
Cloud-based platform for document management
$2M27 mo agoSeed—2016Webflowcore-jsjQuery+14——
9Forms Logic
Document worflow management solution
$2M14 mo agoSeedRick Burgess
CEO
2015———
10Notiphy
Process management and communication platform for manufacturers
$1M80 mo agoSeedBob Wise
Co-Founder & CEO
2018———

Top 12 Digital Transaction Management companies in Illinois

#1
Seed · Chicago, Illinois · founded 2021 · 12 employees
$2.8Mraised
▾

Provider of an AI-based automation solution for document management. It uses machine learning technology to process documents and extract data from them for automating payables and shipment creation.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 9.1% of this cohort's audience
Funding rounds
  • May 2026Seed—
  • Jul 2021Seed$2.8M
Founders & team
Matt BernsteinFounderTom DurrenbergerCEO
Investors
Arthur Ventures
#2
Seed · Wheaton, Illinois · founded 2015
$2Mraised
▾

Forms Logic provides document workflow management solution. It allows users to manage paperless workflow, integrates data and documents from various platforms. Other features include data entry, collect client information, manage onboarding, customize the process and cloud-based data integration solutions.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 433 LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Aug 2025Seed$2M
Founders & team
Rick BurgessCEO
Investors
RevTech Labs
#3
Series B · Schaumburg, Illinois · founded 2017 · 42 employees
$10.8Mraised
▾

AI powered text data analytics platform for enterprises. It leverages AI that discovers and structures data from documents. The platform processes and analyzes unstructured data and documents to derive insights for decision making. It caters its solution to industries such as legal, healthcare, finance, and cybersecurity. Features include workflow automation, data discovery, extraction and validation, datasets and records management, review summaries, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 16.5% of this cohort's audience
Funding rounds
  • Jun 2024Grant (prize money)$150K
  • Dec 2022Series B$6.1M
  • Jun 2022Series A$1M
  • Nov 2021Series A$3M
Founders & team
Joe StecherFounder & CEO
Investors
Cleveland Avenue, Gracehallpartners, LAGO, CAST US, Google for Startups, Latinx Incubator
#4
Series B · Bloomington, Illinois · founded 2006
$16Mraised
▾

Web-based form builder for businesses. It helps businesses and professionals to create payment forms, research forms, online applications, surveys, event registration forms, and contact forms. One can add images, logos, rich text and it provides multi-lingual support. It offers integration with Salesforce, Google Apps, and other 3rd party services, and custom branding. It provides built-in protection against XSS, SQL injection, and other common threats to web applications. Its clientele includes Volvo, Amazon, Lenovo, Harvard University, and others. It offers a subscription-based pricing model.

Funding rounds
  • Feb 2024Series B$4M
  • Jan 2021Series A$2M
  • May 2019Series A$10M
  • Oct 2016Seed—
Founders & team
Cedric SavareseFounder & CEO
Investors
Level Equity, Lighter Capital
Tech stack
Amazon AlbAmazon CloudfrontAmazon Web ServicesApple Icloud MailAtlassian StatuspageBabel
#5
Acquired · Rockford, Illinois · founded 2012 · 212 employees
$83.5Mraised
▾

Cloud-based platform for EDI. Users can transport, track, and govern data interactions between applications, along with the supply chain, in social collaboration. The Integration suite manages file transfer, cloud, big data integration and application integration, data transformation, and file transfer over an encrypted network. It enables organizations to onboard partners and automate API, EDI, and non-EDI transactions. The offering sectors include logistics, manufacturing, warehousing, and more.

Funding rounds
  • Jun 2022Unattributed$80M
  • Jun 2021PE—
  • Sep 2017Unattributed—
  • Mar 2017Conventional Debt—
Investors
H.I.G. Capital, Saratoga Investment, Peterson Partners, Sofina, Skype, Balderton Capital
Tech stack
6SenseAddtoanyAlpine.JsAmazon CloudfrontAmazon S3Amazon Web Services
#6
Acquired · Chicago, Illinois · founded 2005 · 161 employees
$136.1Mraised
▾

SpringCM provides cloud enterprise content and contract management solutions for businesses. It features on-demand workflow automation and document management for the legal and sales team in a web-based environment. The platform manages the contract lifecycle from contract creation through negotiation, approvals, signature, archiving, and renewals. The product includes workflow, mobile, and security features that eliminate time-consuming manual steps in critical business processes. It integrates with Salesforce and provides visibility into the status of contracts. Its major clients are ADP, Aetna, AthenaHealth, and CableOne.

Funding rounds
  • Jun 2018Conventional Debt$10.5M
  • Feb 2017Series E$25M
  • Jun 2016Conventional Debt—
  • Jun 2016Series D$17.5M
Investors
Foundation Capital, Square 1 Bank, Goff Capital, North Bridge Venture Partners, Horizon, Wellington Financial
#7
Seed · Chicago, Illinois · founded 2016 · 16 employees
$2.4Mraised
▾

It allows users to map each PDF and provides with online forms. The tool can email or embed on website that enables users complete forms online, upload supporting documents, and sign electronically. It lets users integrate the data and documents directly into the processors and CRM. Monetizes through subscription-based pricing plans.

Funding rounds
  • Jul 2024Angel$410K
  • 2023Seed—
  • Feb 2022Seed$2M
Investors
Blu Venture Investors, M25, SaaS Ventures, Springtime Ventures, Propellant Ventures, Service Provider Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesBabelCloudflareCloudflare Bot Management
#8
Acquired · Chicago, Illinois · founded 2005 · 177 employees
$80.1Mraised
▾

Provider of a document and contract management platform designed to solve critical business needs. The company's cloud based automated document and contract management platform is tailored to fit business processes with advanced workflows that automate manual tasks and complex processes- shortening contract cycles from weeks to days- enabling businesses to deliver immediate savings and accelerate revenue.

Investors
Crestline, Wellington Financial, Foundation Capital, North Bridge Venture Partners, Bluestem Capital, Square 1 Bank
#9
Acqui-Hired · Chicago, Illinois · founded 1996 · 241 employees
$31Mraised
▾

Provider of master data management software services for organizations. The company offers customer data integration and enterprise master person index software to financial service providers, information exchange, hospitality, manufacturing and retail industries.

Founders & team
Bill ConroyPresident & CEOronald galowichCo-Founder
Investors
Sandbox Industries, BVF, Paladin Capital, Dunrath Capital, EMC, Informatica
#10
Seed · Chicago, Illinois · founded 2018 · 11 employees
$1Mraised
▾

Notiphy provides a process management and communication platform for manufacturers. It allows workers to communicate with colleagues and supervisors, automates processes and checklists, and provides company-wide messages and emergency alerts. It delivers stored data and available for management to create reports and make decisions.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 5.9% of this cohort's audience
Funding rounds
  • Feb 2020Seed$500K
  • Aug 2019Seed$522.5K
Founders & team
Bob WiseCo-Founder & CEO
#11
Public · Chicago, Illinois · founded 1995 · 485 employees
—raised
▾

Cloud-based document and risk management suite software for enterprises. It uses AI algorithms for document & email management, secure file collaboration, record management, file archiving, knowledge management, and more. It automates routine cognitive tasks, provides insights into internal projects, data governance, risk management, and more. The offerings sectors include financial services, legal firms, accounting firms, healthcare, and educational institutions

Funding rounds
  • Apr 2023Post IPO—
  • 1998Unattributed—
Investors
New Enterprise Associates, Bain Capital, Artiman, Frazier Group
Tech stack
Apple Icloud MailAzureBootstrapFont AwesomeGodaddyGoogle Analytics
#12
Acqui-Hired · Naperville, Illinois · founded 1982 · 100 employees
—raised
▾

Infogix provides real-time data analysis platform for enterprises to improve customer experience. The platform provides products for data governance, data integration, validation of enterprise information, transaction monitoring, identity matching & behaviour profiling and predictive modeling. Primarily caters to healthcare, financial services, insurance, media & communication sectors.

Funding rounds
  • 2016PE—
  • Jun 2012PE—
Investors
H.I.G. Private Equity, H.I.G. Growth Partners, Bulger Partners, Ares Capital Corporation, Churchill Asset Management

Funding & investor landscape

$365.8Mtotal disclosed funding
10companies funded
30disclosed rounds
0rounds last 90 days
Most active investors
CAST US2 rounds
H.I.G. Capital2 rounds
Alchemist Accelerator1 rounds
Alpine Investors1 rounds
Apex Venture Partners1 rounds
Ares Capital Corporation1 rounds
Arthur Ventures1 rounds
Artiman1 rounds
BVF1 rounds
Bain Capital1 rounds

Notable founders

Matt Bernstein
Founder · Bravotran
Tom Durrenberger
CEO · Bravotran
Rick Burgess
CEO · Forms Logic
Joe Stecher
Founder & CEO · Tackle
Cedric Savarese
Founder & CEO · FormAssembly
Bill Conroy
President & CEO · Initiate Systems
ronald galowich
Co-Founder · Initiate Systems
Bob Wise
Co-Founder & CEO · Notiphy
Prism market signals · United States · country-scoped Prism corpus, 13,588,641 docs

Market landscape — 10 sub-themes by coverage

Share of Digital Transaction Management coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Digital Transaction Management companies are there in Illinois, United States?
Radar tracks 34 indexable Digital Transaction Management companies headquartered in Illinois, United States that meet our profile-completeness bar.
What is the total funding raised by Digital Transaction Management companies in Illinois, United States?
The Digital Transaction Management companies in Illinois, United States on this list have raised a combined $365.8M in disclosed equity funding across 10 funded companies.
Which is the highest-funded Digital Transaction Management company in Illinois, United States?
SpringCM is the highest-funded Digital Transaction Management company in Illinois, United States, with $136.1M in disclosed equity funding.
How many Digital Transaction Management companies in Illinois, United States are funded?
10 of the 34 Digital Transaction Management companies in Illinois, United States on this list have disclosed at least one equity funding round.
How many Digital Transaction Management unicorns are there in Illinois, United States?
None of the Digital Transaction Management companies in Illinois, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Illinois, United States Digital Transaction Management companies?
The most active investors in Illinois, United States Digital Transaction Management companies on this list include CAST US, H.I.G. Capital, Alchemist Accelerator, Alpine Investors, Apex Venture Partners.
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