Startup Funding in Illinois

Discover 23+ active venture capital funds in Illinois. Find the right investors for your startup.

23
Active VC Funds
$8.729053930434784e+129B
Median Check Size
0
Recent Filings (90d)
$2.007682404e+131B
Total AUM

Illinois Venture Capital Landscape

Ecosystem Overview

Illinois ranks #1 globally for startup ecosystem strength, with over 45,000 active startups and180 unicorn companies.

The state has seen 450 successful exits in the past 12 months, demonstrating strong investor confidence and market maturity.

Top Investment Sectors

Artificial IntelligenceFintechBiotech

Market Insights

Investment Climate

Highly competitive market with abundant capital and experienced talent pool

Funding Trends

Strong growth with increased competition for quality deals

Emerging Opportunities

Vertical SaaSAI InfrastructureClimate Tech

VC Funds Directory

Verified
multi-stage$1M - $100MPooled Investment Fund
multi-stage$500K - $20MPooled Investment Fund
Verified
pre-seed$1M - $100MLodging and Conventions
Verified
growth$1M - $100MPooled Investment Fund
Verified
growth$1M - $100MPooled Investment Fund
Verified
growth$1M - $100MPooled Investment Fund
BVP Affiliates
CHICAGO, IL
series-a$225MPooled Investment Fund
series-a$225MPooled Investment Fund
series-a$150MPooled Investment Fund
Corazon Capital
CHICAGO, IL
series-a$100MPooled Investment Fund
Earth Foundry
CHICAGO, IL
series-a$100MPooled Investment Fund
series-a$100MPooled Investment Fund
series-a$100MPooled Investment Fund
Listen Ventures
CHICAGO, IL
series-a$75MPooled Investment Fund
seed$50MPooled Investment Fund
seed$50MPooled Investment Fund
seed$44MPooled Investment Fund
Starting Line-A
CHICAGO, IL
seed$40MPooled Investment Fund
seed$30MPooled Investment Fund
FPG Ad Ultra
CHICAGO, IL
pre-seed$13MPooled Investment Fund
seed$2MPooled Investment Fund
New Stack
CHICAGO, IL
series-a$2MPooled Investment Fund
New Stack Q
CHICAGO, IL
series-a$2MPooled Investment Fund

How to Approach Illinois VCs

1. Research & Targeting

  • • Review recent portfolio companies and investment thesis
  • • Analyze check sizes and stage preferences
  • • Look for sector-specific expertise and connections
  • • Check partner backgrounds and interests

2. Warm Introductions

  • • Leverage portfolio company founders for introductions
  • • Connect through accelerator programs and events
  • • Use LinkedIn and mutual connections effectively
  • • Attend Illinois startup and investor meetups

3. Pitch Preparation

  • • Tailor your pitch to the fund's investment criteria
  • • Highlight local market opportunities and advantages
  • • Prepare detailed financial projections and metrics
  • • Show clear path to next funding milestones

Frequently Asked Questions

What's the average check size for Illinois VC funds?

Illinois VC funds typically invest between $8.729053930434784e+129B per round, with early-stage funds focusing on $500K-$2M seed rounds and growth funds writing checks of $10M+. The median check size is $8.729053930434784e+129B.

How long does the fundraising process typically take?

Most Illinois startups take 3-6 months to close their funding round, from initial outreach to signed term sheet. This includes 2-4 weeks for initial meetings, 4-8 weeks for due diligence, and 2-4 weeks for legal documentation.