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Top 24 Venture Capital Firms in Chicago in 2022

By 
Nicolás Cerdeira
 | 
Updated: 
November 2, 2022
 | 
Early StepsFundsPeopleProductFailureStoriesGrowthReviewsResourcesVC Firms

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The startup community has been growing in Chicago in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Chicago.

24 Venture Capital Firms in Chicago

1) Plug and Play Tech Center

Plug and Play Tech Center

Plug and Play provides an array of services including accelerators, mentorships, and capital to entrepreneurs of all backgrounds.

Details of the VC firm:

  • Country: USA, Canada, Brazil, United Arab Emirates, Netherlands, Belgium, Spain, Switzerland, Morocco, Germany, Turkey, South Africa, Italy, France, China, Japan, South Korea
  • City: Chicago, Cleveland, Detroit, São Paulo, Topeka, Toronto, Abu Dhabi, Amsterdam, Antwerp, Barcelona, Basel, Ben Guerir, Cairo, Geneva, Hamburg, Istanbul, Johannesburg, Madrid, Milan, Munich, Paris, Bangkok, Beijing, Kyōto, Ōsaka, Seoul, San Francisco
  • Started in: 2006
  • Founders: Ali Safavi, Jackie Hernandez, Saeed Amidi
  • Industries: DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy
  • Stages: Early Stage, Series A, Series B, Series C
  • Minimum check size: $50,000
  • Maximum check size: $250,000
  • Number of investments: 1447
  • Number of exits: 140
  • Funds raised: $45,500,000
  • 3 remarkable investments: Truebill, Honey, Life360

You can find their website here.

You can send them an email at investment@plugandplaytechcenter.com.

2) Alumni Ventures Group

Alumni Ventures Group

Alumni Ventures co-invest in companies invested by other established venture capital firms across diverse industries, stages and regions.

Details of the VC firm:

  • Country: USA
  • City: Manchester, Boston, New York, Chicago, Austin, San Francisco
  • Started in: 2014
  • Founders: Barrick Rothchild, Beth Obermiller, Luke Antal, Michael Madden, Santana Henry
  • Industries: AI & ML, AR & VR, Consumer, Cybersecurity, Fintech, Food & Beverage, Healthcare, Industrial, IoT, Life Sciences, Proptech & Real Estate, SaaS, Climate & Sustainability, Transportation, Media, Manufacturing
  • Stages: Early Stage, Late Stage, Seed
  • Minimum check size: $250,000
  • Maximum check size: $1,000,000
  • Number of investments: 1205
  • Number of exits: 98
  • Funds raised: $1,000,000,000
  • 3 remarkable investments: Fis, Blockfi, Simplisafe

You can find their website here.

You can send them an email at info@avgfunds.com.

3) ARCH Ventures Partners

ARCH Ventures Partners

ARCH specializes in investing in life sciences companies co-founded by scientists and entrepreneurs.

Details of the VC firm:

  • Country: USA, Ireland
  • City: Chicago, Seattle, San Francisco, Dublin
  • Started in: 1986
  • Founders: Clinton Bybee, Keith Crandell, Robert Nelsen, Steven Lazarus
  • Industries: Biotech, Healthcare, Education, Life Sciences
  • Stages: Early Stage, Seed
  • Minimum check size: $50,000
  • Number of investments: 419
  • Number of exits: 98
  • Funds raised: $7,700,000,000
  • 3 remarkable investments: Agios, Denali Therapeutics, Grail

You can find their website here.

You can send them an email at EUInquiries@ARCHVenture.com.

4) QED Investors

QED Investors

Based in Virginia, QED exclusively invests in fintech companies across the U.S., the U.K. and Latin America.

Details of the VC firm:

  • Country: United Kingdom, USA, Austria, Canada, Sweden, China, Brazil, India, Mexico, Ireland, Chile, Argentina, Colombia, Netherlands
  • City: Washington, Vienna, Vancouver, Shanghai, Seattle, São Paulo, Santa Monica, San Jose, San Francisco, San Diego, Rio de Janeiro, Quebec City, Pune, Overland Park, Oakland, New York, Mumbai, Montréal, Miami, Mexico City, Los Angeles, London, Houston, Dublin, Denver, Chicago, Buenos Aires, Boston, Bogotá, Bethesda, Bangalore, Austin, Atlanta, Mesa, Amsterdam, Alexandria, Alexandria, Porto Alegre
  • Started in: 2008
  • Founders: Caribou Honig, Frank Rotman, Nigel Morris
  • Industries: Creator Economy, Crypto & Blockchain, Fintech, Education, Healthcare, InsurTech, Marketplace, Proptech & Real Estate, E-Commerce, Advertising, Human Resources
  • Stages: Early Stage, Seed
  • Minimum check size: $5,000,000
  • Maximum check size: $15,000,000
  • Number of investments: 260
  • Number of exits: 33
  • Funds raised: $4,800,000,000
  • 3 remarkable investments: Shop Circle, Solfácil, Zubale

You can find their website here.

5) Jump Capital

Jump Capital

Based in Chicago, Jump Capital is a data-focused venture capital firm within the fields of fintech, enterprise SaaS, data infrastructure and media industries.

Details of the VC firm:

  • Country: USA
  • City: Chicago, New York
  • Started in: 2012
  • Founders: Sach Chitnis
  • Industries: SaaS, Fintech, Media, Internet & Mobile, Enterprise
  • Stages: Series A, Series B
  • Minimum check size: $1,000,000
  • Maximum check size: $10,000,000
  • Number of investments: 223
  • Number of exits: 35
  • Funds raised: $350,000,000
  • 3 remarkable investments: Mohash, Recurate, Argent

You can find their website here.

You can send them an email at info@jumpcap.com.

6) Hercules Technology Growth Capital

Hercules Technology Growth Capital

Hercules invests in startups, mid-range companies and growth-stage companies across all industry sectors and stages of development.

Details of the VC firm:

  • Country: USA, United Kingdom
  • City: Palo Alto, Boston, New York, Washington, San Diego, Chicago, London, Westport
  • Started in: 2003
  • Founders: Manuel A. Henriquez, Roy Y. Liu, Scott Harvey
  • Industries: Life Sciences, Biotech, Consumer, DTC, Media, Education, Hardware, Internet & Mobile, Agriculture, Energy
  • Stages: Seed, Series A, Series B, Early Stage
  • Minimum check size: $1,000,000
  • Maximum check size: $10,000,000
  • Number of investments: 209
  • Number of exits: 131
  • Funds raised: $15,000,000,000
  • 3 remarkable investments: Plug Power, Iveric Bio, Bridgebio Pharma

You can find their website here.

You can send them an email at info@htgc.com.

7) Lightbank

Lightbank

Lightbank is an American venture capital firm in Chicago.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2010
  • Founders: Eric Lefkofsky
  • Industries: Consumer, Enterprise, Biotech, Healthcare, Crypto & Blockchain, Fintech, Marketplace
  • Stages: Seed, Series A, Series B, Series C
  • Minimum check size: $1,000,000
  • Maximum check size: $3,000,000
  • Number of investments: 192
  • Number of exits: 88
  • Funds raised: $180,000,000
  • 3 remarkable investments: 86 Repairs, Basket, Carbon Capture

You can find their website here.

You can send them an email at info@lightbank.com.

8) Hyde Park Venture Partners

Hyde Park Venture Partners

Hyde Park Venture Partners is an American venture capital firm focusing on mid-continent tech startups.

Details of the VC firm:

  • Country: USA
  • City: Chicago, Indianapolis
  • Started in: 2011
  • Founders: Guy Turner, Ira Weiss
  • Industries: SaaS, Enterprise, Marketplace
  • Stages: Early Stage, Seed, Pre-Seed, Series A
  • Minimum check size: $100,000
  • Maximum check size: $200,000
  • Number of investments: 165
  • Number of exits: 36
  • Funds raised: $190,000,000
  • 3 remarkable investments: Audit Sight, Out Of Office, LandscapeHub

You can find their website here.

You can send them an email at greg@hydeparkvp.com.

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9) Chicago Ventures

Chicago Ventures

Launched in 2012, Chicago Ventures is an early-stage capital investing in overlooked founding teams.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2012
  • Founders: Stuart Larkins
  • Industries: Consumer, Education, Enterprise, Entertainment, Gaming, Healthcare, Travel & Hospitality, Supply Chain & Logistics, Media, Proptech & Real Estate, Robotics, Automation, Productivity, Government Technology, InsurTech, Creator Economy, Manufacturing, Legal, Agriculture, Fintech
  • Stages: Seed
  • Minimum check size: $1,500,000
  • Maximum check size: $2,000,000
  • Number of investments: 156
  • Number of exits: 47
  • Funds raised: $1,500,000,000
  • 3 remarkable investments: Olive, NOCD, OneRail

You can find their website here.

You can send them an email at info@chicagoventures.com.

10) Connetic Ventures

Connetic Ventures

Connetic is a data-driven venture capital using AI to evaluate and make funding decisions for American startups.

Details of the VC firm:

  • Country: USA
  • City: Pittsburgh, Chicago, Convington
  • Started in: 2014
  • Founders: Brad Zapp
  • Industries: Consumer, Fintech, Big Data & Analytics, Government Technology, SaaS
  • Stages: Pre-Seed, Seed
  • Minimum check size: $250,000
  • Maximum check size: $500,000
  • Number of investments: 136
  • Number of exits: 17
  • Funds raised: $25,000,000
  • 3 remarkable investments: 1Fort, Chezuba, TonDone

You can find their website here.

You can send them an email at info@connetic.ventures.

11) M25

M25

Based in Chicago, M25 funds early-stage tech investments in Midwest.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2015
  • Founders: Mike Asem
  • Industries: Big Data & Analytics, IoT, Consumer, E-Commerce, Education, Legal, Enterprise, Entertainment, Media, Sports, Fintech, Food & Beverage, Healthcare, Hardware, Marketing, Proptech & Real Estate, Transportation, Supply Chain & Logistics
  • Stages: Pre-Seed, Seed
  • Minimum check size: $500,000
  • Maximum check size: $3,000,000
  • Number of investments: 131
  • Number of exits: 19
  • Funds raised: $32,000,000
  • 3 remarkable investments: OpenFinance Network, Petronics, Pactsafe

You can find their website here.

12) IrishAngels

IrishAngels

IrishAngels is a pre-seed and seed-stage investment firm with headquarters in Chicago, US.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2012
  • Founders: Gale Wilkinson, Jordan Curnes
  • Industries: Healthcare, Media, Food & Beverage, SaaS
  • Stages: Early Stage, Seed, Pre-Seed
  • Minimum check size: $150,000
  • Maximum check size: $400,000
  • Number of investments: 100
  • Number of exits: 10
  • Funds raised: $50,000,000
  • 3 remarkable investments: Abilitech Medical, Agendx Biosciences, Alembic

You can find their website here.

You can send them an email at info@irishangels.com.

13) Math Venture Partners

Math Venture Partners

MATH Venture Partners is an early-stage fund for US and Canadian tech companies.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2014
  • Founders: Mark Achler
  • Industries: SaaS, Big Data & Analytics, Marketplace, E-Commerce
  • Stages: Early Stage, Seed
  • Minimum check size: $100,000
  • Maximum check size: $2,000,000
  • Number of investments: 86
  • Number of exits: 17
  • Funds raised: $74,000,000
  • 3 remarkable investments: Datacy, TeamGenius, Notch

You can find their website here.

14) Pallasite Ventures

Pallasite Ventures

Pallasite Ventures is a Canadian venture capital firm financing early-stage consumer-focused companies.

Details of the VC firm:

  • Country: USA, Canada
  • City: Chicago, Vancouver, Boston, Denver, San Francisco
  • Started in: 2012
  • Founders: David Light
  • Industries: Biotech, Consumer, Fintech, Hardware, Marketplace, Healthcare, SaaS
  • Stages: Early Stage
  • Minimum check size: $100,000
  • Maximum check size: $1,500,000
  • Number of investments: 60
  • Number of exits: 3
  • Funds raised: $50,000,000
  • 3 remarkable investments: Ionomr, Phoenix Molecular Designs, Oncoustics AI

You can find their website here.

You can send them an email at info@pallasiteventures.com.

15) Starting Line

Starting Line

Founded in 2018, Starting Line is a venture fund focusing on consumer-focused startups.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2018
  • Founders: Ezra Galston
  • Industries: Creator Economy, DTC, Consumer, E-Commerce, Marketplace, Crypto & Blockchain, Fintech
  • Stages: Seed
  • Number of investments: 60
  • Number of exits: 3
  • Funds raised: $30,000,000
  • 3 remarkable investments: B+J Studios, Dibz, Ubiguitous

You can find their website here.

16) New Stack Ventures

New Stack Ventures

Launched in 2015, New Stack leads angel, pre-seed and seed rounds for pre-revenue startups in B2B SaaS, fintech, supply chain, proptech, healthcare, and e-commerce.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2015
  • Founders: Nick Moran
  • Industries: Enterprise, SaaS, Supply Chain & Logistics, Fintech, Proptech & Real Estate, Healthcare, E-Commerce
  • Stages: Pre-Seed, Seed
  • Minimum check size: $500,000
  • Maximum check size: $1,500,000
  • Number of investments: 51
  • Number of exits: 4
  • Funds raised: $42,600,000
  • 3 remarkable investments: Oyster Technology, Fixer, Urban Sky

You can find their website here.

You can send them an email at team@newstack.vc.

17) Sandalphone Capital

Sandalphone Capital

Sandalphon Capital provides pre-seed to series A funding to US companies, especially in Chicago and the Midwest.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2016
  • Founders: Jonathan Ellis
  • Industries: SaaS, Marketplace, Consumer, Agriculture, E-Commerce, Education, Fintech, Government Technology, Healthcare, InsurTech, Manufacturing, Industrial, Proptech & Real Estate, DTC, Sports, Media, Entertainment, Supply Chain & Logistics, Enterprise
  • Stages: Pre-Seed, Seed, Series A
  • Minimum check size: $100,000
  • Maximum check size: $2,000,000
  • Number of investments: 46
  • Number of exits: 6
  • 3 remarkable investments: CRE Simple, Truss, LogicGate

You can find their website here.

You can send them an email at info@sandalphoncapital.com.

18) Partners Resolute

Partners Resolute

Resolute Venture Partners is an American VC firm investing in tech companies.

Details of the VC firm:

  • Country: USA
  • City: New York, Colorado Springs, Chicago
  • Started in: 2015
  • Founders: Judd Morgenstern
  • Industries: SaaS, DTC, Media, Marketplace
  • Stages: Early Stage
  • Number of investments: 44
  • 3 remarkable investments: Haus, Canopy, Arber

You can find their website here.

19) Cultivian Sandbox Ventures

Cultivian Sandbox Ventures

Cultivian Sandbox Ventures seeks investments in full-value chain food and agriculture companies.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2008
  • Founders: Amanda Donohue-Hansen, Steve Engelberg, Taryn Goodman Gallery, Ron Meeusen, Dan Phillips
  • Industries: Climate & Sustainability, Biotech, AI & ML, Robotics, Automation, Manufacturing, Agriculture, SaaS
  • Stages: Early Stage
  • Minimum check size: $1,000,000
  • Maximum check size: $10,000,000
  • Number of investments: 40
  • Number of exits: 8
  • Funds raised: $248,000,000
  • 3 remarkable investments: Copper Cow Coffee, Leaf Agriculture, Cooks Venture

You can find their website here.

You can send them an email at contactus@cultiviansbx.com.

20) VitalizeVC

VitalizeVC

Founded in 2018, VITALIZE is a seed-stage venture capital firm investing in B2B SaaS building the future of work.

Details of the VC firm:

  • Country: USA
  • City: Chicago, San Francisco, Los Angeles
  • Started in: 2017
  • Founders: Gale Wilkinson, Caroline Casson
  • Industries: Enterprise, SaaS
  • Stages: Early Stage, Pre-Seed, Seed
  • Minimum check size: $50,000
  • Maximum check size: $750,000
  • Number of investments: 35
  • Number of exits: 2
  • Funds raised: $16,300,000
  • 3 remarkable investments: Lectrium Inc, Balloon, CloudEagle

You can find their website here.

You can send them an email at caroline@vitalize.vc.

21) Chingona Ventures

Chingona Ventures

Chingona Ventures is a women-focused venture capital firm investing in fintech, female technology, food technology, health/wellness, and the future of learning.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2019
  • Founders: Samara Hernandez
  • Industries: Fintech, Health & Wellness, Education
  • Stages: Pre-Seed
  • Minimum check size: $250,000
  • Maximum check size: $1,000,000
  • Number of investments: 32
  • Number of exits: 0
  • Funds raised: $58,000,000
  • 3 remarkable investments: Boom, Blanket, Career Karma

You can find their website here.

22) BRM Group

BRM Group

BRM Group invests in Israeli entrepreneurs building startups in the Internet, mobile applications, digital media, online services, enterprise software, and medical device sectors.

Details of the VC firm:

  • Country: USA, Israel
  • City: Chicago, Tel Aviv-Yafo
  • Started in: 1987
  • Founders: Eli Barkat
  • Industries: Enterprise, Consumer, Healthcare, Fintech
  • Stages: Early Stage, Seed, Series A
  • Minimum check size: $2,000,000
  • Maximum check size: $7,000,000
  • Number of investments: 31
  • 3 remarkable investments: eToro, Moovit, Orcam

You can find their website here.

You can send them an email at info@perkowski-llc.com.

23) Barrel Ventures

Barrel Ventures

Barrel Ventures is a Chicago-based venture capital providing seed funding to entrepreneurs in the food & beverage, food-tech, consumer, retail-tech, DTC infrastructure and supply chain sectors.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2019
  • Founders: Nate Cooper
  • Industries: Food & Beverage, Consumer, Supply Chain & Logistics, DTC
  • Stages: Seed
  • Number of investments: 20
  • Number of exits: 1
  • 3 remarkable investments: Gem, Love Corn, Podfoods

You can find their website here.

You can send them an email at investments@barrelvc.com.

24) 11 Tribes Ventures

11 Tribes Ventures

11 Tribes Ventures invests in purpose-driven founders building next-generation technology and culture. It also challenges the status quo that burnout is inevitable in startups.

Details of the VC firm:

  • Country: USA
  • City: Chicago
  • Started in: 2020
  • Founders: Mark Phillips
  • Industries: SaaS, Cloud, Productivity, AI & ML, Cybersecurity, Sports
  • Stages: Seed
  • Number of investments: 17
  • 3 remarkable investments: Sylon, Surv, Cerkl

You can find their website here.

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