How many VC funds are based in Illinois?

196 venture capital funds based in Illinois have filed SEC Form D offerings, with 15 new filings in the last 12 months.

How do I find artificial intelligence investors in Illinois?

Start with the 6 funds listed on this page — each links to a full profile with team, check size, and contact information sourced from SEC filings and fund websites.

Back to Free Startup Funding Database

Who Funds Artificial Intelligence Startups in Illinois?

6 venture funds, 6 angel networks, 6 accelerator programs and 6 active federal grants for artificial intelligence founders in Illinois — sourced from SEC Form D filings and Grants.gov.

196

VC Funds Based in Illinois

$17.1B

Capital in SEC Form D Filings

New Fund Filings (12 mo)

Venture Capital Funds Investing in Artificial Intelligence — Illinois

Baird Venture Partners VI LP

Location: CHICAGO, IL
Fund Size (Form D): $225M
Stage Focus: growth
Typical Check: $2.0M - $8.9M (typical: $4.5M)
Latest SEC Filing: Dec 12, 2022

Full profile & contacts →Website

Fairway Venture Capital Fund II, L.P.

Location: CHICAGO, IL
Fund Size (Form D): $200M
Stage Focus: growth
Typical Check: $1.2M - $5.0M (typical: $3.0M)
Latest SEC Filing: Dec 7, 2022

Full profile & contacts →Website

Fairway Venture Capital Fund, L.P.

Location: CHICAGO, IL
Fund Size (Form D): $75M
Stage Focus: series-a
Latest SEC Filing: Sep 30, 2020

Full profile & contacts →Website

Motivate Ventures AI Fund II, LP

Location: CHICAGO, IL
Fund Size (Form D): $50M
Stage Focus: series-a
Typical Check: $367K - $1.8M (typical: $917K)
Latest SEC Filing: Apr 22, 2022

Full profile & contacts →Website

United Airlines Ventures Sustainable Flight Fund, LP

Location: Chicago, IL
Fund Size (Form D): Undisclosed
Typical Check: $1.6M - $8.2M (typical: $4.1M)
Latest SEC Filing: Feb 21, 2023

Full profile & contacts →Website

Magnetar AI Ventures Fund LP

Location: Evanston, IL
Fund Size (Form D): Undisclosed
Latest SEC Filing: Aug 1, 2024

Full profile & contacts →Website

Angel Networks in Illinois

Hyde Park Angels

Location: Chicago, IL
Members: 210
Avg Check: $75K

Website →

Chicago Angels

Location: Chicago, IL
Members: 200
Avg Check: $40K

Website →

Kellogg Angels

Location: Evanston, IL
Members: 100
Avg Check: $50K

Website →

Keiretsu Forum Midwest

Location: Chicago, IL
Members: 80
Avg Check: $75K

Website →

Chicago Ventures

Location: Chicago, IL
Members: 50
Avg Check: $500K

Website →

Illinois Ventures Angels

Location: Champaign, IL
Members: 50
Avg Check: $50K

Website →

Accelerators & Startup Programs for Artificial Intelligence Founders

Black Ambition

Funding: $1M

Apply →

Elemental Impact

Funding: $1M

Apply →

Lemnos

Funding: $500K

Apply →

Y Combinator

Funding: $500K

Apply →

Alliance DAO

Funding: $250K – $500K

Apply →

Contrary Capital

Funding: $500K

Apply →

See the full accelerator directory for industry-specific programs.

Active Federal Grant Opportunities

Cooperative Agreement for affiliated Partner with the Rocky Mountain Cooperative Ecosystem Studies Unit

Geological Survey

Award: $1.00 – $49K
Deadline: Jun 29, 2026

View on Grants.gov →

FY 2026 Future Leaders Exchange Global (FLEX Global)

Bureau Of Educational and Cultural Affairs

Award: $400K – $22M
Deadline: Jun 29, 2026

View on Grants.gov →

Influenza Modeling and Forecasting

Centers for Disease Control - NCIRD

Deadline: Jun 29, 2026

View on Grants.gov →

Pacific Coastal Salmon Recovery Fund (Annual Appropriations and IIJA Funds)

DOC NOAA - ERA Production

Award: Undisclosed – $25M
Deadline: Jun 29, 2026

View on Grants.gov →

FY 2026 SNAP Process and Technology Improvement

Food and Nutrition Service

Award: $20K – $2M
Deadline: Jun 29, 2026

View on Grants.gov →

Methyl Bromide Transition Program

National Institute of Food and Agriculture

Award: $500K
Deadline: Jun 29, 2026

View on Grants.gov →

Browse all federal startup grants with deadlines and eligibility.

Data sources: Fund data comes from SEC Form D filings (EDGAR), updated nightly. Grant opportunities come from Grants.gov. Angel network and accelerator data is curated from public sources. Figures shown are the amounts reported in regulatory filings, not estimates. Last refreshed June 2026.

Who Funds Artificial Intelligence Startups in Illinois?

Venture Capital Funds Investing in Artificial Intelligence — Illinois

Baird Venture Partners VI LP

Fairway Venture Capital Fund II, L.P.

Fairway Venture Capital Fund, L.P.

Motivate Ventures AI Fund II, LP

United Airlines Ventures Sustainable Flight Fund, LP

Magnetar AI Ventures Fund LP

Angel Networks in Illinois

Hyde Park Angels

Chicago Angels

Kellogg Angels

Keiretsu Forum Midwest

Chicago Ventures

Illinois Ventures Angels

Accelerators & Startup Programs for Artificial Intelligence Founders

Black Ambition

Elemental Impact

Lemnos

Y Combinator

Alliance DAO

Contrary Capital

Active Federal Grant Opportunities

Cooperative Agreement for affiliated Partner with the Rocky Mountain Cooperative Ecosystem Studies Unit

FY 2026 Future Leaders Exchange Global (FLEX Global)

Influenza Modeling and Forecasting

Pacific Coastal Salmon Recovery Fund (Annual Appropriations and IIJA Funds)

FY 2026 SNAP Process and Technology Improvement

Methyl Bromide Transition Program

All Illinois VC Funds

Artificial Intelligence Funding Guide

Federal Grants Database