Software Maker Chef Hires Guggenheim to Help Raise Funds

  • Company is backed by Citi, Hewlett Packard Enterprise
  • Chef is said to have explored potential sale earlier
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The software development startup Chef said it had hired the investment firm Guggenheim Partners to help it raise funds for dealmaking.

Startups around the world have been trying to shore up private cash to keep themselves afloat during the coronavirus pandemic, while public markets have remained essentially shut for new technology initial public offerings so far.