Getting your Trinity Audio player ready...

Chicago technology startup Channel IQ, which helps companies manage their e-commerce operations, has raised $12 million in venture capital funding from a new firm looking to back Midwestern entrepreneurs.

Channel IQ was launched in 2009 and initially focused on helping manufacturers and retailers monitor prices. Since then, the company has expanded into providing additional online applications for managing and monitoring e-commerce activity, particularly communication tools.

To read, share and comment on this story, go here.

Students (right) and professionals talk during a networking event in the Chase Tower on Thursday, March 22, 2012.
Brian Cassella/ baiduhai

div#fb-comments, div.share-tools {display: none;
}