Illinois hosts a diverse startup ecosystem with strong players in finance and insurance technology. Insurtech company Kin Insurance, for instance, has secured over $708 million in funding.
The state also has a growing presence in the crypto space, with companies like zerohash raising $282.1 million.
Below is our list of 67 Illinois startups worth keeping an eye on.
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Get the Sheet for $50zerohash builds the embedded infrastructure for platforms to integrate digital assets and crypto services natively. Their crypto-as-a-service solution gives businesses the tools to handle custody, trading, and on-chain settlement.
| Year Founded | 2015 |
| Founders | Brian Liston, Edward Woodford |
| Funding Amount | $282.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | 500 Global, Bain Capital, Apollo, Morgan Stanley, Bain Capital Ventures |
ComEd operates as the largest electric utility in Illinois, delivering power to roughly 3.8 million customers across the northern part of the state. Their work involves managing and maintaining the complex electrical grid that supports the region's homes and businesses.
| Year Founded | 1907 |
| Founders | Samuel Insull |
| Funding Amount | $23.3M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Grant |
| Top Investors | US Department of Energy, U.S. Department of Commerce |
Circana advises global brands and retailers on the complexities of consumer behavior through its data and analytics platform. The firm tracks purchasing habits and market trends to give companies a complete view of their customers.
| Year Founded | 1966 |
| Founders | — |
| Funding Amount | $1.2B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Vestar Capital Partners |
Kin Insurance has built a direct-to-consumer insurance platform that provides home coverage for catastrophe-prone regions. They use extensive property data to fairly price policies and offer a simplified, customized experience for homeowners.
| Year Founded | 2016 |
| Founders | Lucas Ward, Sean Harper, Sebastian Villarreal, Stephen Wooten |
| Funding Amount | $708.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | QED Investors, Gaingels, 500 Global, Wellington Management, Long Journey Ventures |
Keeper Security builds a cybersecurity platform to prevent password-related data breaches and other cyberthreats. Their core products include a password manager and digital vault that help organizations secure credentials and confidential information.
| Year Founded | 2011 |
| Founders | Craig Lurey, Darren Guccione |
| Funding Amount | $60.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Insight Partners, Summit Partners, Darren Guccione |
Vibe built a self-serve advertising platform that opens up streaming TV commercials to small and medium-sized businesses. Their technology allows companies to launch targeted campaigns on major services in minutes, without the need for large budgets or long-term contracts.
| Year Founded | 2021 |
| Founders | Arthur Querou, Franck Tetzlaff |
| Funding Amount | $78.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | QuantumLight, The Very Group, Singular, Elaia, Hedosophia |
Amount builds digital technology to help financial institutions modernize their services. Their platform enables banks to quickly launch new digital products like online loan applications and account openings.
| Year Founded | 2019 |
| Founders | Al Goldstein, Al Goldstein |
| Funding Amount | $313M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | QED Investors, Goldman Sachs, Goldman Sachs Growth Equity, 50 South Capital, Curql |
West Monroe partners with organizations as a digital consulting firm to guide them through complex business transformations. The firm offers a blend of services that includes management consulting, technology implementation, and cybersecurity advisory.
| Year Founded | 2002 |
| Founders | David Hilborn, Jeff Cox, Kevin McCarty |
| Funding Amount | — |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | MSD Partners |
Syndigo operates a content management platform designed to help brands and retailers efficiently transfer product information. Their system ensures product data is consistent and accurate across the entire commerce network, from suppliers to shoppers.
| Year Founded | 1973 |
| Founders | — |
| Funding Amount | $550M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | BlackRock, Guggenheim Partners, Summit Partners, 26North |
Vantage Specialty Chemicals develops and supplies natural-based specialty ingredients for the personal care market. Their portfolio of chemicals is used to create products ranging from cosmetics and hair care to skin treatments.
| Year Founded | 2008 |
| Founders | — |
| Funding Amount | $900M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Apollo, Silver Point Capital, L.P. |
57 Additional Illinois Startups Worth Following
Our top ten picks offer just a small window into the state's lively startup scene. Founders are tackling everything from AI to fintech, and collectively they have raised billions of dollars to bring their ideas to life.
Some are just beginning their journey, while others are already scaling up. Here’s a look at the other companies helping to shape the Illinois startup ecosystem.