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Chicago Ventures

North America, Illinois, United States, Chicago

Description

Chicago Ventures is a prominent early-stage venture capital firm headquartered in Chicago, Illinois, with a strong focus on leading Seed and Series A investment rounds. The firm primarily targets promising startups across various high-growth sectors, including B2B SaaS, fintech, healthcare IT, and marketplaces. While deeply rooted in the Midwest entrepreneurial ecosystem, Chicago Ventures also extends its investment reach to companies across the United States, demonstrating a broad national perspective in its portfolio construction.

The firm is known for its hands-on approach, providing not only capital but also strategic guidance, operational support, and access to a robust network of industry experts and potential customers. This value-add strategy aims to accelerate the growth and development of its portfolio companies from their earliest stages. Chicago Ventures has consistently demonstrated its commitment to the startup community through its fundraising efforts, successfully closing its fourth fund, Fund IV, at $60 million in 2020, and more recently, its fifth fund, Fund V, at $75 million in 2023.

Chicago Ventures typically writes initial checks ranging from $500,000 to $2,000,000, positioning itself as a significant early partner for founders. Their strategy emphasizes identifying and backing innovative companies with strong teams and scalable business models, often taking a lead investor role to help shape the initial funding rounds. This allows them to play a pivotal role in a startup's early trajectory, providing the necessary capital and support to achieve critical milestones and attract subsequent funding.

Investor Profile

Chicago Ventures has backed more than 161 startups, with 2 new investments in the last 12 months alone. The firm has led 47 rounds, about 29% of its total and boasts 31 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, E-Commerce, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (36%)
  • Series A (35%)
  • Series B (11%)
  • Series Unknown (9%)
  • Series C (3%)
  • Debt Financing (2%)
  • Convertible Note (1%)
  • Pre Seed (1%)
  • Angel (1%)
  • Series F (1%)

Country Focus

  • United States (99%)
  • Canada (1%)

Industry Focus

  • Software
  • E-commerce
  • Information Technology
  • Saas
  • Health Care
  • Internet
  • Enterprise Software
  • Marketplace
  • Retail
  • Finance
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Chicago Ventures frequently co-invest with?

Bullpen Capital
North America, California, United States, San Francisco
Co-Investments: 8
Lakewest Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 14
Service Provider Capital
North America, Colorado, United States, Golden
Co-Investments: 9
Origin Ventures
North America, Illinois, United States, Chicago
Co-Investments: 9
HPA (Hyde Park Angels)
North America, Illinois, United States, Chicago
Co-Investments: 10
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 12
FireStarter Fund
North America, Illinois, United States, Chicago
Co-Investments: 10
OCA Ventures
North America, Illinois, United States, Chicago
Co-Investments: 11
Corazon Capital
North America, Illinois, United States, Chicago
Co-Investments: 18
Pritzker Group Venture Capital
North America, Illinois, United States, Chicago
Co-Investments: 27

Which angels does Chicago Ventures often collaborate with?

BS
North America, Illinois, United States, Chicago
Shared Deals: 5
LC
North America, Illinois, United States, Chicago
Shared Deals: 3
JF
North America, New York, United States, New York
Shared Deals: 2
TK
North America, Indiana, United States, Indianapolis
Shared Deals: 2
SG
North America, Florida, United States, Miami
Shared Deals: 4
GA
North America, Colorado, United States, Boulder
Shared Deals: 2
LR
North America, California, United States, San Quentin
Shared Deals: 2
MM
North America, Illinois, United States, Chicago
Shared Deals: 2
MC
North America, Texas, United States, Dallas
Shared Deals: 2
BH
North America, Texas, United States, Austin
Shared Deals: 3

What are some of recent deals done by Chicago Ventures?

Entegrata

Indianapolis, Indiana, United States

Entegrata is a legal tech company that allows firms to centralize all of their data safely and securely.

Data IntegrationLaw EnforcementLegal TechSoftware
SeedMar 19, 2025
Amount Raised: $4,500,000
OneRail

Orlando, Florida, United States

OneRail is a software-as-a-service platform that offers final mile delivery services for enterprise shippers.

Delivery ServiceFreight ServiceLast Mile TransportationLogisticsSaaS
Series CNov 21, 2024
Amount Raised: $42,000,000
FranShares

Chicago, Illinois, United States

FranShares is a passive franchise investing platform for the people.

CrowdfundingCrowdsourcingFinanceFinancial ExchangesFinancial ServicesFinTechFranchiseFunding Platform
SeedMay 23, 2024
Amount Raised: $4,099,999
Aeropay

Chicago, Illinois, United States

Aeropay is a payments company that allows people to move money from bank to bank using ACH technology.

B2BFinancial ServicesFinTechMobile PaymentsPayments
Series BMay 16, 2024
Amount Raised: $20,000,000
GoodShip

Nashville, Tennessee, United States

GoodShip offers a cloud-based platform for collaboration that automates labor-intensive procurement processes.

AnalyticsOnline PortalsSoftware
Series AMay 16, 2024
Amount Raised: $8,000,000
GreenLite Technologies

New York, New York, United States

GreenLite is a vertical SaaS platform that deconstructs the black box of permitting connecting developers and city agencies

ArchitectureCommercial Real EstateConstructionReal EstateSoftware
SeedOct 31, 2023
Amount Raised: $8,000,000
Part3

Toronto, Ontario, Canada

Software to help architects and engineers reduce inefficiencies throughout construction administration

Software
SeedJul 31, 2023
Amount Raised: $2,121,981
Leverage

New York, New York, United States

Leverage delivers end-to-end supply chain management powered by artificial intelligence.

Artificial Intelligence (AI)Data VisualizationInformation ServicesInformation TechnologyProductivity ToolsSupply Chain Management
Series AJul 14, 2023
Amount Raised: $3,000,000
CoPilot

Chicago, Illinois, United States

CoPilot is the pioneer in AI-Assisted car shopping.

AutomotiveConsumerInternet
Series AJun 20, 2023
Amount Raised: $23,000,000
GoodShip

Nashville, Tennessee, United States

GoodShip offers a cloud-based platform for collaboration that automates labor-intensive procurement processes.

AnalyticsOnline PortalsSoftware
SeedApr 14, 2023
Amount Raised: $5,000,000