--- url: 'https://qubit.capital/blog/venture-capital-firms-in-chicago' title: 'Venture Capital Firms in Chicago, by Stage (36 Firms, 2026)' author: name: Sagar Agrawal url: 'https://qubit.capital/blog/author/sagar' date: '2026-07-16T09:50:00+05:30' modified: '2026-07-24T17:36:27+05:30' type: post categories: - Investor Mapping and Discovery image: 'https://qubit.capital/wp-content/uploads/2026/07/venture-capital-firms-in-chicago-1.webp' published: true --- # Venture Capital Firms in Chicago, by Stage (36 Firms, 2026) TL;DR - Chicago has 36 venture capital firms that invest at a documented stage, out of 58 that report a Chicago office to the SEC. - 9 are raising a new fund right now, based on SEC Form D filings. - The median typical cheque is $3M, and 67 percent lead rounds. - The most funded sectors here are Healthtech, Fintech, Enterprise SaaS. 36 venture capital firms in Chicago invest at a documented stage. This page groups them by that stage. Each card shows the cheque size, whether the firm leads, its recent activity, and what it has backed. Chicago venture capital leans toward Healthtech and Fintech. Ranking these firms by size would mislead a founder. The biggest fund here will not lead your seed round. 36Firms$3MMedian cheque67%Lead a round9Raising now33Have exitsPre-seedSeedSeries A–BGrowth & laterLeads only★ Raising now36 firms shown ## Pre-seed 16 firms ### 7wire Management, L.P. LeadsActive★ Raising nowTypical cheque$4MFund size$300M · 2025-10Leads / followsLeads · 15 ledActivityActive · 8/yrCharacterAsset light softwareFocusSpecialistSectorsApplied HealthDigital HealthHealthtechFintechInsurTechNotable investments**Zerigo Health** · **NOCD** · **FOLX Health**Exits (7)**Livongo** · **Livongo Health** · **Higi**Co-invests withHuman Capital · Leaps by Bayer · Cigna Ventures ### [A1 Health Ventures](https://a1healthventures.com) LeadsDormantTypical cheque$1.2MFund size$100M · 2023-03Leads / followsLeads · 4 ledActivityDormant · 0/yrCharacterAsset light softwareFocusSpecialistSectorsDigital HealthHealthtechNotable investments**Livara Health** · **Pip Care** · **Playback Health**Co-invests withMartin Ventures · new strategic investor · Northwell Ventures ### [Arch Venture Partners](http://archventure.com) LeadsVery activeTypical cheque$50KLeads / followsLeads · 75 ledActivityVery active · 49/yrCharacterHardware deeptechFocusSpecialistSectorsApplied HealthAdvanced MaterialsSemiconductorsBiotechDiagnosticsNotable investments**GRAIL, Inc.** · **National Resilience** · **Mirador Therapeutics**Exits (96)**Array BioPharma, Inc.** · **GRAIL, Inc.** · **Karuna Therapeutics**Co-invests withGV · Alexandria Venture Investments · Casdin Capital ### [Barrel Ventures Management, LLC](https://www.barrelvc.com) FollowsSelective★ Raising nowTypical cheque$2.5MFund size$20M · 2025-01Leads / followsFollowsActivitySelective · 6/yrCharacterAsset light softwareFocusSpecialistSectorsCircular EconomyFoodTechManufacturingSupplyChainEnterprise SaaSNotable investments**Helaina** · **OLIPOP** · **Gem**Exits (1)**ChannelApe**Co-invests withCircleUp Growth Partners · McLean & Associates · PowerPlant Partners ### [Corazon Group LLC](http://corazon.com) Rarely leadsSelective★ Raising nowUSTypical cheque$1.8MFund size$100.9M · 2025-04Leads / followsRarely leads · 6 ledActivitySelective · 6/yrCharacterAsset light softwareFocusSpecialistSectorsAIConsumer TechDeeptecheCommerceMarketplaceNotable investments**iAsk** · **nVenue** · **AllFly**Exits (18)**Pinterest** · **Bluecore** · **Mantle Inc.**Co-invests withRRE Ventures · Lightbank · Chicago Ventures ### [Decasonic](https://www.decasonic.com) LeadsActiveTypical cheque$1.8MFund size$2.2M · 2022-03Leads / followsLeads · 10 ledActivityActive · 17/yrCharacterAsset light softwareFocusSpecialistSectorsAgenticBlockchainConsumer TechCapital MarketsCryptoNotable investments**Forum3** · **Giant - Loved by Kids** · **TestMachine**Exits (2)**Anomaly** · **Giant Manufacturing Co., Ltd.**Co-invests withShima Capital · Outlier Ventures · BlockChange Ventures ### Energy Capital Ventures, INC. LeadsSelectiveTypical cheque$3.5MLeads / followsLeads · 10 ledActivitySelective · 6/yrCharacterMixedFocusSpecialistSectorsCarbon CaptureRenewable EnergyOil & Gas TechEnterprise SaaSCleanTechNotable investments**Osmoses** · **Sapphire Technologies** · **Vertus Energy**Co-invests withMitsubishi Heavy Industries · Oxy Low Carbon Ventures · Climate Capital ### [Fairway Capital Management, LLC](https://fairwaycapm.com) FollowsActiveUSTypical cheque$667KFund size$200M · 2022-12Leads / followsFollowsActivityActive · 16/yrCharacterAsset light softwareFocusSpecialistSectorsHealthtechFinancial ServicesAsset ManagementEnterprise SaaSBusiness ServicesNotable investments**Thoma Bravo Fund XV-A, LP** · **Squido Studio** · **CRV Select Fund II, LP**Co-invests withFJ Labs · Canada Media Fund · Hartmann Capital ### [Hyde Park Venture Partners](http://www.hydeparkvp.com) Sometimes leadsSelectiveCanadaUS_SOUTHEASTUS_MIDWESTTypical cheque$1.9MFund size$100M · 2024-01Leads / followsSometimes leads · 10 ledActivitySelective · 5/yrCharacterAsset light softwareFocusSpecialistSectorsAIBusiness ServicesEnterprise SaaSMarketplaceDeveloper ToolsNotable investments**Zengines** · **Definity** · **InvestNext**Exits (37)**Terminus** · **Upfront Healthcare Services** · **Arrive**Co-invests withHyde Park Angels · M25 · Bain Capital Ventures ### Listen Ventures / Listen Sometimes leadsSelectiveTypical cheque$5MLeads / followsSometimes leads · 11 ledActivitySelective · 5/yrCharacterAsset light softwareFocusSpecialistSectorsCannabisConsumer ProductsOnline LearningFoodTechDigital HealthNotable investments**Black Buffalo** · **Sigo Seguros** · **Codeverse**Exits (8)**Interior Define** · **Own Up** · **Remote Year**Co-invests withTechstars · The Pritzker Organization · True ### [M25](https://m25vc.com) Sometimes leadsActiveTypical cheque$625KLeads / followsSometimes leads · 4 ledActivityActive · 9/yrCharacterAsset light softwareFocusSpecialistSectorseCommerceEnterprise SaaSFintechHealthtechInsuranceNotable investments**Chipp** · **Continuum AI** · **86 Repairs**Exits (36)**Salesloft** · **SteadyMD** · **ScriptDrop**Co-invests withService Provider Capital · Dundee Venture Capital · Hyde Park Angels ### Motivate Venture Capital Rarely leadsSelective★ Raising nowUSCanadaTypical cheque$1.6MFund size$100M · 2025-08Leads / followsRarely leads · 5 ledActivitySelective · 4/yrCharacterAsset light softwareFocusSpecialistSectorsAIEdtechEnterprise SaaSFintechFoodTechNotable investments**Sweater Ventures** · **Obviant** · **Nmbr**Exits (3)**Banyan** · **GXC** · **CoreChain Technologies**Co-invests withSaaS Venture Capital · Mucker Capital · New Form Capital ### [NEW Stack, LLC](https://www.newstack.com) Sometimes leadsActiveUS_MIDWESTTypical cheque$1MFund size$125M · 2024-08Leads / followsSometimes leads · 6 ledActivityActive · 9/yrCharacterAsset light softwareFocusSpecialistSectorsAIConstruction TechDeeptechEnergyEnterprise SaaSNotable investments**AskVinny** · **Oyster Technologies** · **Phood**Exits (8)**Jiobit** · **Curv** · **Authenticiti Inc.**Co-invests withM25 · IrishAngels · Techstars Ventures ### [Promus Ventures](http://www.promusventures.com) Rarely leadsActiveTypical cheque$3MFund size$60M · 2024-09Leads / followsRarely leads · 5 ledActivityActive · 10/yrCharacterMixedFocusSpecialistSectorsAgTechAICircular EconomyInfrastructureAdvanced ManufacturingNotable investments**Wakeo** · **SatSure** · **Uplift360**Exits (31)**Rocket Lab USA, Inc.** · **Spire Global, Inc.** · **Cobalt AI**Co-invests withBessemer Venture Partners · Techstars · DCVC ### [R7 Partners](https://www.r7partners.com) Rarely leadsActiveTypical cheque$5MLeads / followsRarely leads · 2 ledActivityActive · 8/yrCharacterHardware deeptechFocusSpecialistSectorsAIDeeptechCleanTechAgricultureEnergy StorageNotable investments**Future Fields** · **Light Field Lab** · **Iron Ox**Exits (5)**Bloom Energy** · **Foxtrot** · **Oculii**Co-invests withEniac Ventures · Yamaha Motor Ventures · Amplify Capital ### [Riverwalk Capital Partners, LLC](https://riverwalkcap.com) FollowsSelectiveTypical cheque$1.5MLeads / followsFollowsActivitySelective · 4/yrCharacterAsset light softwareSectorsImpactFintechEnterprise SaaSConsumer TechSocial MediaNotable investments**Ocient** · **Rain** · **Prisidio**Exits (1)**Pana**Co-invests withOCA Ventures · 7BC Venture Capital · Buoyant Ventures ## Seed 13 firms ### [Adams Street Partners, LLC](http://www.adamsstreetpartners.com) LeadsActive★ Raising nowEuropeTypical cheque$35MLeads / followsLeads · 12 ledActivityActive · 18/yrCharacterAsset light softwareFocusSpecialistSectorsAICleanTechCybersecurityDefenseEnterprise SaaSNotable investments**BillionToOne** · **Altruist** · **Highnote**Exits (73)**Hopin** · **SingleStore, Inc.** · **ServiceMax**Co-invests withNorwest Venture Partners · Oak HC/FT · Redpoint Ventures ### Bluestein Ventures Management LLC Sometimes leadsActiveTypical cheque$1.1MFund size$250M · 2022-05Leads / followsSometimes leads · 6 ledActivityActive · 13/yrCharacterAsset light softwareFocusSpecialistSectorsConsumer TecheCommerceEnterprise SaaSFoodTechRestaurant TechNotable investments**Eat Mezcla** · **BiomeSense** · **Ummino**Exits (8)**Foxtrot** · **Vive Organic** · **Factor75**Co-invests withRiverPark Ventures · Siddhi Capital · Hyde Park Venture Partners ### Cleveland Avenue Advisers, LLC Sometimes leadsSelectiveTypical cheque$3MFund size$500M · 2020-10Leads / followsSometimes leads · 18 ledActivitySelective · 2/yrCharacterAsset light softwareFocusSpecialistSectorsAgTechAIConsumer TechRoboticsEnterprise SaaSNotable investments**Beyond Meat** · **Verdant Robotics** · **PreciTaste**Exits (8)**Bear Robotics** · **Beyond Meat** · **Bright Cellars**Co-invests withDNS Capital · DCVC Bio · Obvious Ventures ### [Distributed Ventures](https://www.distributedvc.com) Sometimes leadsSelectiveUSTypical cheque$3MLeads / followsSometimes leads · 10 ledActivitySelective · 3/yrCharacterAsset light softwareFocusSpecialistSectorsFintechHealthtechInsurTechDigital HealthPaymentsNotable investments**Posterity Health** · **RxSaveCard** · **Focal | Secure Advisor AI**Exits (3)**Indio Technologies** · **Marble** · **Sage**Co-invests withBoxGroup · Ludlow Ventures · 7wireVentures ### [Invivium Capital](https://www.invivium.com) Rarely leadsSelectiveUSTypical cheque$36.8MLeads / followsRarely leads · 1 ledActivitySelective · 1/yrCharacterHardware deeptechFocusSpecialistSectorsBiotechMedTechLifeSciencesHealthtechNotable investments**Alto Neuroscience** · **Avalyn Pharma** · **Hinge Bio, Inc.**Exits (2)**Avalyn Pharma** · **Alto Neuroscience**Co-invests withLightswitch Capital · Patient Square Capital · Pfizer Ventures ### [Jump Capital](https://jumpcap.com) LeadsActiveUSTypical cheque$3.1MLeads / followsLeads · 41 ledActivityActive · 14/yrCharacterAsset light softwareFocusSpecialistSectorsBig DataBlockchainCreator EconomyCybersecurityeCommerceNotable investments**Navro** · **Certora** · **LogicGate**Exits (43)**BlockFi** · **Spire Global, Inc.** · **Personal Capital**Co-invests withCoinbase Ventures · DRW Venture Capital · GSR ### [Lightbank](https://www.lightbank.com) Sometimes leadsActiveUSTypical cheque$2.8MFund size$240M · 2020-11Leads / followsSometimes leads · 10 ledActivityActive · 12/yrCharacterAsset light softwareFocusSpecialistSectorsAIConsumer ProductsDeeptechEnterprise SaaSFintechNotable investments**SparkPlug** · **Chariot Claims** · **Benzinga**Exits (32)**Uptake Technologies** · **Sprout Social** · **tastytrade**Co-invests withMercato Partners · Gaingels · TenOneTen Ventures ### Moderne Capital, LP Sometimes leadsActive★ Raising nowTypical cheque$6MFund size$5M · 2025-04Leads / followsSometimes leads · 8 ledActivityActive · 19/yrCharacterAsset light softwareFocusSpecialistSectorsBig DataCybersecurityRoboticsGTMFintechNotable investments**ICON** · **Trust & Will** · **The Rounds**Exits (18)**Better Mortgage** · **Doma** · **August Home Inc**Co-invests withCoinbase Ventures · SBI Investment · Brighton Park Capital ### OCA Ventures, LLC Sometimes leadsSelectiveUSCanadaTypical cheque$10.2MLeads / followsSometimes leads · 24 ledActivitySelective · 1/yrCharacterAsset light softwareFocusSpecialistSectorsBig DataConsumer TechCybersecurityEdtechEnterprise SaaSNotable investments**Ocient** · **PursueCare** · **dv01**Exits (44)**HawkEye 360** · **Health Catalyst** · **Cleversafe**Co-invests withM25 · HealthX Ventures · Greycroft ### [Pace Healthcare Capital Management, LLC](https://www.pace-healthcare.com) Sometimes leadsSelectiveTypical cheque$2.1MFund size$75M · 2024-03Leads / followsSometimes leads · 3 ledActivitySelective · 3/yrCharacterAsset light softwareFocusSpecialistSectorsApplied HealthDigital HealthHealthtechDiagnosticsFintechNotable investments**Backpack Healthcare** · **AMOpportunities** · **Alloy**Exits (1)**AMOpportunities**Co-invests withEPIC Ventures · Matrix · Hopelab ### TechNexus Venture Collaborative Rarely leadsSelectiveTypical cheque$2.4MLeads / followsRarely leads · 4 ledActivitySelective · 5/yrCharacterAsset light softwareFocusSpecialistSectorsAIElectric VehiclesDefenseEnergyEnterprise SaaSNotable investments**Harbinger Motors** · **Natrion** · **Shopgenie**Exits (20)**NanoGraf** · **Mystery Tackle Box** · **Ergatta**Co-invests withGreycroft · Liquid 2 Ventures · Illinois Ventures ### United Airlines Ventures Management LLC FollowsSelectiveTypical cheque$21.2MLeads / followsFollowsActivitySelective · 6/yrCharacterMixedFocusSpecialistSectorsCarbon CaptureRenewableMobilityAerospaceAviationNotable investments**Archer Aviation** · **Electric Hydrogen** · **Boom Supersonic**Exits (2)**Archer Aviation** · **Viridos, Inc.**Co-invests withBreakthrough Energy Ventures · Microsoft Climate Innovation Fund · Amazon Climate Pledge Fund ### Valor Equity Partners LeadsVery active★ Raising nowUSTypical cheque$20.8MFund size$2.2B · 2025-11Leads / followsLeads · 29 ledActivityVery active · 80/yrCharacterAsset light softwareFocusSpecialistSectorsAICleanTechDeeptechFintechHealthtechNotable investments**Anduril Industries** · **Crusoe** · **CHAOS Industries**Exits (40)**Bird** · **Bird Global** · **Harmony Biosciences Holdings, Inc.**Co-invests withAtreides Management · Founders Fund · Fidelity Management & Research Company ## Series A–B 6 firms ### [Energize Capital LLC](https://www.energizecap.com) LeadsActive★ Raising nowTypical cheque$67.5MLeads / followsLeads · 19 ledActivityActive · 8/yrCharacterAsset light softwareFocusSpecialistSectorsAICircular EconomyElectric VehiclesEnergy StorageInfrastructureNotable investments**Aurora Solar** · **PVcase** · **Monta**Exits (5)**Urbint** · **Fast Radius** · **Awake Security**Co-invests withBain Capital Ventures · Lux Capital · Emerson Collective ### First Analysis Capital Management LLC LeadsSelectiveTypical cheque$6.5MFund size$100M · 2023-08Leads / followsLeads · 7 ledActivitySelective · 2/yrCharacterAsset light softwareFocusSpecialistSectorsCleanTechCybersecurityeCommerceEdtechCloud InfrastructureNotable investments**RejuvenAir** · **Fortress Information Security** · **Apixio**Exits (15)**Chrome River Technologies** · **Trustwave** · **Apixio**Co-invests withArgentum Group · Cofounders Capital · North Coast Ventures ### Impact Engine Rarely leadsSelectiveUSTypical cheque$9MFund size$150M · 2022-02Leads / followsRarely leads · 1 ledActivitySelective · 6/yrCharacterAsset light softwareFocusSpecialistSectorsCleanTechImpactHealthtechDigital HealthEdtechNotable investments**Moving Analytics** · **Afresh** · **Martis Capital Management, LLC**Exits (11)**Plum** · **Jetty** · **OnlineMedEd**Co-invests withOCA Ventures · Seae Ventures · Kapor Capital ### [Method Capital LLC](http://www.method.capital) LeadsDormantTypical cheque$875KFund size$87K · 2022-11Leads / followsLeads · 6 ledActivityDormant · 0/yrCharacterAsset light softwareFocusSpecialistSectorsCybersecuritySecurityFintechPaymentsNotable investments**High Ground Service Pros** · **CityBase, Inc.** · **OfficeLuv**Exits (7)**Shiftgig** · **ForeverCar** · **CityBase, Inc.**Co-invests withKGC Capital · CMFG Ventures · Columbus Nova Technology Partners ### [MK Capital](https://www.mkcapital.com) LeadsSelectiveTypical cheque$2.5MLeads / followsLeads · 21 ledActivitySelective · 1/yrCharacterAsset light softwareFocusSpecialistSectorsAdTechEnergyEnterprise SaaSCloud InfrastructureHealthtechNotable investments**Optilogic** · **Kollective** · **Homecare Homebase**Exits (18)**BladeLogic** · **Homecare Homebase** · **Apex Learning**Co-invests with8VC · Pritzker Group Venture Capital · Bain Capital Ventures ### Vestedworld Rarely leadsSelectiveNGKEGHTypical cheque$750KFund size$35M · 2022-01Leads / followsRarely leads · 3 ledActivitySelective · 1/yrCharacterAsset light softwareFocusSpecialistSectorsAgricultureConsumer ProductsFintechHealthtechLendingNotable investments**BetaStore** · **SympliFi** · **Mobius Motors**Exits (4)**Afrikrea** · **ANKA** · **Mobius Motors**Co-invests withAcumen Resilient Agriculture Fund · Octerra Capital · Kepple Africa Ventures ## Growth & later 1 firms ### [Lasalle Capital Management, LLC](https://www.lasallecapital.com) LeadsDormant★ Raising nowTypical cheque$20MLeads / followsLeads · 14 ledActivityDormant · 0/yrCharacterAsset heavy industrialFocusSpecialistSectorsAgricultureFood & BeverageManufacturingSupplyChainBusiness ServicesNotable investments**Cascade Coffee, Inc.** · **Great Lakes Potato Chip Co.** · **B-O-F Corporation**Exits (6)**Fresh Origins** · **Savi Technology** · **Joseph's Gourmet Pasta**Co-invests withEverside Capital Partners · Lightspring Capital I, LP · Talon Asset Management Firm list from SEC Form ADV filings (public domain). Stage, sector, cheque, lead behaviour, activity, notable investments and co-investors come from Qubit's investor research. Fund status (raising, fund size) is from SEC Form D filings (public). No individuals' personal data is shown. A dash means a fact is not documented, not that it is zero. Table of Contents - [How this list was built](#how-this-list-was-built) ## How this list was built The firm list comes from SEC Form ADV filings, dated 1 July 2026. It covers both registered investment advisers and exempt reporting advisers. Both matter here. Most VC firms file as exempt reporting advisers and never appear in the registered roster. A firm makes the list when it reports advising at least one VC fund. The SEC does not collect stage or sector, so those come from Qubit’s investor research. Firms whose stage we cannot document stay out of the stage sections. That is why 22 of the 58 firms do not appear above. Firms that register a private residence as their office are excluded. The SEC suppresses those addresses. Figures are self-reported and updated once a year, so they lag.