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Illinois Unicorns

11 Most Established Unicorn Startups in Illinois

10 companies from Illinois have become unicorns. We have compiled all of them in this blog article.

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Startup Foundations

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Countless startups in Illinois are being launched every day, and many fail because they did not learn from the success of other companies who've managed to rise above and join the unicorn club.

We just published this list of 11 well-known Illinois companies that impressed investors enough to achieve a $1 billion valuation.

Top 11 Unicorn Startups in Illinois

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ActiveCampaign

ActiveCampaign

ActiveCampaign is the go-to email marketing solution for businesses all over the world, helping them send better emails, nurture leads ,and automate their sales pipeline .

Details of the startup:

  • Valuation:

    $3.00

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2003

  • Founders:

    Jason F. VandeBoom

  • Industries:

    Apps, Email Marketing, Marketing Automation, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $360,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    4

here

Avant

Avant

Avant is the next generation digital lending platform that leverages data science to provide safe and transparent financial products.

Details of the startup:

  • Valuation:

    $2.00

    B (

    December 2012

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2012

  • Founders:

    Al Goldstein, John Sun, Paul Zhang

  • Industries:

    Consumer Lending, Finance, Financial Services, FinTech, Lending, Marketplace

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,582,900,814

  • Number of funding rounds:

    11

  • Number of investors:

    17

here

Cameo

Cameo

Cameo is making personal video shoutouts affordable and accessible to everyone. From saying thank you to sharing your birthday wishes, they’re giving fans a platform where they can connect with their favorite people.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2017

  • Founders:

    Devon Townsend, Martin Blencowe, Steven Galanis

  • Industries:

    Information Technology, Marketplace, Media and Entertainment, Social Media

  • Number of employees:

    250-500

  • Funding Amount:

    $165,209,970

  • Number of funding rounds:

    8

  • Number of investors:

    26

here

Clearcover

Clearcover

Clearcover is a digital car insurance provider using innovative technologies and data-driven insights to give clients the best possible prices.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2016

  • Founders:

    Derek Brigham, Kyle Nakatsuji

  • Industries:

    Auto Insurance, Financial Services, InsurTech

  • Number of employees:

    100-250

  • Funding Amount:

    $304,500,000

  • Number of funding rounds:

    4

  • Number of investors:

    11

here

Enfusion

Enfusion

Enfusion is a cloud-based enterprise application that helps financial service providers and other regulated organizations manage, monitor, and control their global portfolio.

Details of the startup:

  • Valuation:

    $1.50

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    1998

  • Founders:

    Stephen Malherbe, Tarek Hammoud

  • Industries:

    Consulting, Finance, Financial Services, Information Technology, Service Industry, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $156,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    2

here

Relativity

Relativity

Relativity simplifies the entire process of using litigation and regulatory data. From identifying key issues to obtaining ultimate, legal insight, Relativity streamlines the e-discovery process and develops a solid understanding of why.

Details of the startup:

  • Valuation:

    $3.60

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2001

  • Founders:

    Andrew Sieja

  • Industries:

    Ediscovery, Enterprise Software, Legal, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $125,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    2

here

SMS Assist

SMS Assist

SMS Assist is a web-based real estate platform that provides branchless solutions for multi-site property management companies and single property owners.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2016

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    1995

  • Founders:

    Michael Rothman, Stephen Watkins

  • Industries:

    Facility Management, Property Management, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $255,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Tempus

Tempus

Our unique, AI-based technologies have the potential to transform healthcare and significantly advance precision medicine.

Details of the startup:

  • Valuation:

    $8.10

    B (

    March 2018

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2015

  • Founders:

    Eric Lefkofsky

  • Industries:

    Artificial Intelligence, Biotechnology, Health Care, Machine Learning, Medical

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,070,000,000

  • Number of funding rounds:

    11

  • Number of investors:

    10

here

Uptake Technologies

Uptake Technologies

Uptake Technologies is an innovative enterprise software company that has developed a unique, patented technology designed to increase efficiency and effectiveness by connecting people and business systems to deliver real-time data.

Details of the startup:

  • Valuation:

    $2.30

    B (

    October 2015

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2014

  • Founders:

    Bradley Keywell

  • Industries:

    Analytics, Artificial Intelligence, Industrial, Machine Learning, SaaS, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $218,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    7

here

VillageMD

VillageMD

VillageMD provides innovative services for primary care physicians designed to meet the unique needs of the 21 st century

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2020

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2013

  • Founders:

    Clive Fields, Paul Martino, Tim Barry

  • Industries:

    Health Care, Hospital, Medical

  • Number of employees:

    250-500

  • Funding Amount:

    $491,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    7

here

VistaJet

VistaJet

VistaJet, the world’s largest private aviation company, providing industry-leading service to its wide range of high profile clients.

Details of the startup:

  • Valuation:

    $2.50

    B (

    August 2017

    )

  • Country:

    United States

  • City:

    Malta

  • Started in:

    2004

  • Founders:

    Lori Hanlon, Thomas Flohr

  • Industries:

    Aerospace, Business Travel, Travel

  • Number of employees:

    500-1,000

  • Funding Amount:

    $750,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    2

here
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