Back to Free Startup Funding Database

Who Funds SaaS Startups in Illinois?

Real, verified funding sources for saas founders in Illinois: VC funds, accelerators, angel networks, and active grant programs — sourced from SEC filings and Grants.gov, not estimates.

No funds headquartered in Illinois matched "SaaS" by name — the funds below are shown nationwide instead.

ℹSaaS Funding Snapshot — Illinois (as of August 2026)

1
8 VC funds (nationwide)with "SaaS" in their name — none headquartered in Illinois in our data
2
7 acceleratorsopen to saas founders in Illinois (including globally-available programs)
3
6 angel networksbased in Illinois
4
55 open grantsin the Technology category, refreshed nightly from Grants.gov

SaaS VC Funds (Nationwide)

Ameba China SaaS Fund, L.P.

📍 Grand Cayman, E9

General partners: Tong N/A HUI, Jieyong N/A BAI, Zhuo N/A CHEN & 1 more

$265M

Effective fund size

Pier 88 Ventures Enterprise Software Fund, L.P.

📍 San Francisco, CA

General partners: Suki Singh, David Walrod, Mitch McCullough & 1 more

$100M

Effective fund size

SaaStr Fund II, L.P.

📍 San Francisco, CA📅 Filed March 2020

General partners: Jason M. Lemkin

$55M

Effective fund size

SaaS Ventures II, L.P.

📍 Bethesda, MD📅 Filed September 2020

General partners: Collin Gutman, Brian Gaister, Seth Shuldiner

$43.6M

Effective fund size

SaaS Ventures III, L.P.

📍 Coral Gables, FL📅 Filed January 2024

General partners: Brian Gaister

$28.6M

Effective fund size

ALL STAR SAAS FUND THREE LP

📍 Singapore, U0📅 Filed March 2022

General partners: Nao Ito, Hironori Maeda

$15.1M

Effective fund size

Black Diamond Financial Software Fund, L.P.

📍 Newark, DE

General partners: Kirk Carson

Fund size not reported

SaaSholic Clicksign II LLC

📍 Newark, DE

General partners: Kirk Carson

Fund size not reported

SaaS Accelerators Open to Illinois

7 programs

Techstars Chicago

Chicago, IL

Techstars Chicago

$120K

Deadline: Rolling / no fixed deadline

TechNexus Venture Collaborative

Chicago, IL

TechNexus Venture Collaborative

Varies

Deadline: Rolling / no fixed deadline

1871

Chicago, IL

1871

Varies

Deadline: Rolling / no fixed deadline

Polsky Center (UChicago)

Chicago, IL

Polsky Center (UChicago)

Varies

Deadline: Rolling / no fixed deadline

Northwestern Jumpstart Pre-Accelerator

Evanston, IL

Northwestern Jumpstart Pre-Accelerator

Varies

Deadline: Rolling / no fixed deadline

TechRise (P33 / Verizon / 1871)

Chicago, IL

TechRise (P33 / Verizon / 1871)

Varies

Deadline: Rolling / no fixed deadline

Microsoft for Startups

Global

Microsoft

$150K

Deadline: Rolling / no fixed deadline

Angel Investor Networks in Illinois

6 networks

Hyde Park Angels

👥 210 members💰 $25K - $500K check range

📍 Chicago, IL

TechnologyHealthcareConsumerFintechSaaS

Kellogg Angels

👥 100 members💰 $25K - $200K check range

📍 Evanston, IL

TechnologyHealthcareConsumerFintechSaaS

Keiretsu Forum Midwest

👥 80 members💰 $25K - $500K check range

📍 Chicago, IL

TechnologyHealthcareConsumerFintechSaaS

Chicago Ventures

👥 50 members💰 $100K - $2M check range

📍 Chicago, IL

TechnologySaaSConsumerMarketplace

Chicago Angels

👥 200 members💰 $15K - $200K check range

📍 Chicago, IL

TechnologyHealthcareFinancial ServicesConsumer

Illinois Ventures Angels

👥 50 members💰 $25K - $200K check range

📍 Champaign, IL

TechnologyDeep TechLife SciencesAgriculture Tech

Grants in the Technology Category

SaaS falls under the broader "Technology" category in federal grant data. These are federal programs open to eligible founders nationwide (including Illinois) — live from Grants.gov, refreshed nightly.

Science of Learning and Augmented Intelligence

U.S. National Science Foundation

From $550

Deadline: August 5, 2026Apply →

Centers of Research Excellence in Science and Technology - Research Infrastructure for Science and Engineering

U.S. National Science Foundation

$100K - $2M

Deadline: August 7, 2026Apply →

Research and Education Program for Historically Black Colleges and Universities (HBCU) and Tribal Colleges and Universities (TCU)

Dept of the Army -- Materiel Command

$100K - $2M

Deadline: August 11, 2026Apply →

Correctness for Scientific Computing Systems

U.S. National Science Foundation

Deadline: August 11, 2026Apply →

EARLY STAGE INNOVATIONS (ESI26)

NASA Headquarters

Up to $750K

Deadline: August 13, 2026Apply →

Global Digital Threat Lab

Bureau of Democracy Human Rights and Labor

$3.0M

Deadline: August 13, 2026Apply →

?SaaS Funding FAQs — Illinois

Are there saas VCs headquartered in Illinois?

We don't have any funds headquartered in Illinois whose name references saas. Below are saas-related funds from across the country instead — many invest outside their home state.

What accelerators in Illinois support saas startups?

7 accelerator programs open to Illinois-based saas founders are in our database, including programs based in Illinois and globally-available programs.

Are there angel investor networks in Illinois?

Yes — 6 angel investor networks based in Illinois are in our database, ranked by member count with saas-relevant groups surfaced first where our sector data supports it.

What grants are available for saas founders?

55 currently open federal grant programs are tagged under the Technology category, which is where saas falls in our grant classification. These are federal programs open to eligible founders nationwide (including Illinois), pulled live from Grants.gov and refreshed nightly.

Your SaaS Funding Action Plan

1

Research & Prepare

Review the 8 saas-matched funds above and their filing history
Check each fund's website for current investment criteria before reaching out
Prepare a pitch deck and financial projections tailored to your stage

2

Apply & Connect

Apply to the 7 accelerator programs listed above
Reach out to the 6 angel networks in Illinois
Check eligibility for the 6 open grant programs above

3

Follow Up

Track deadlines for any application-based programs above
Look for warm introductions through your existing network before cold outreach
Revisit this page periodically — fund and grant data refreshes nightly

Related Funding Resources

Other Industries in Illinois

Artificial Intelligence Funding in Illinois →Machine Learning Funding in Illinois →Deep Tech Funding in Illinois →Quantum Computing Funding in Illinois →Software As A Service Funding in Illinois →

SaaS in Other Locations

SaaS Funding in Alabama →SaaS Funding in Alaska →SaaS Funding in Arizona →SaaS Funding in Arkansas →SaaS Funding in California →

More Resources

All SaaS VC Funds →SaaS Accelerator Programs →Angel Networks Directory →Government Grant Database →Free Startup Resources →

Fund and angel network data sourced from SEC Form D filings (EDGAR). Grant data sourced from Grants.gov, refreshed nightly. Last generated August 2, 2026.