Venture capital funds in Illinois
112 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 36 single-deal vehicles (SPVs and co-investments). Largest cities: Chicago (74), Darien (19), Evanston (3), Winnetka (3), Oakbrook Terrace (2).
112venture capital funds
73emerging managers
62first sale since 2025
$4.9Mmedian raised
Venture capital funds by city
Lists: Largest venture capital funds in Illinois · New venture capital funds in Illinois · Emerging venture capital managers in Illinois
All 112 venture capital funds in Illinois
Fund
First sale
Raised
Investors
Minimum
Offering
G Squared VII, LP
Chicago, IL
First saleJun 2025
Raised$1.3B
Investors1,961
MinimumNone set
Offering506(b)
BlueCross BlueShield Venture Partners V, LLC
Chicago, IL
First saleAug 2022
Raised$370M
Investors37
MinimumNone set
Offering506(b)
Jcdp-8 LLC
Chicago, IL
First saleJul 2026
Raised$350M
Investors18
MinimumNone set
Offering506(b)
Energize Ventures Fund III LP
Chicago, IL
First saleDec 2023
Raised$312M
Investors82
MinimumNone set
Offering506(b)
Magnetar AI Ventures Fund LP
Evanston, IL
First saleAug 2024
Raised$235M
Investors55
Minimum$5.0M
Offering506(b)
Adams Street Growth Equity Fund VIII LP
Chicago, IL
First saleJun 2023
Raised$167M
Investors15
MinimumNone set
Offering506(b)
Permanent Capital Ventures Fund I, LP
Chicago, IL
First saleFeb 2024
Raised$120M
Investors59
MinimumNone set
Offering506(b)
7wire Ventures Fund III, L.P.
Chicago, IL
First saleOct 2025
Raised$111M
Investors52
MinimumNone set
Offering506(b)
Corazon Capital IV LP
Chicago, IL
First saleApr 2025
Raised$100M
Investors71
MinimumNone set
Offering506(b)
Origin Ventures VI, L.P.
Chicago, IL
First saleMar 2023
Raised$96.7M
Investors159
MinimumNone set
Offering506(b)
Sandbox Clinical Ventures Fund, LP
Chicago, IL
First saleOct 2023
Raised$79.5M
Investors17
MinimumNone set
Offering506(b)
Moderne Ventures Growth Fund I, L.P.
Chicago, IL
First saleJan 2025
Raised$74.9M
Investors12
MinimumNone set
Offering506(b)
CMT Digital Ventures Fund IV LLC
Chicago, IL506(c)
First saleOct 2024
Raised$55.0M
Investors65
MinimumNone set
Offering506(c)
R7.3, LP
Chicago, IL
First saleNov 2022
Raised$54.1M
Investors58
MinimumNone set
Offering506(b)
Energy Capital Ventures Fund II, L.P.
Chicago, IL
First saleApr 2024
Raised$51.0M
Investors6
MinimumNone set
Offering506(b)
SNAK Venture Partners I LP
Chicago, ILEmerging
First saleAug 2024
Raised$46.1M
Investors39
MinimumNone set
Offering506(b)
Listen Ventures IV, LP
Chicago, ILEmerging
First saleNov 2024
Raised$44.7M
Investors41
MinimumNone set
Offering506(b)
81 Collection Fund II, L.P.
Chicago, ILEmerging
First saleMay 2025
Raised$42.2M
Investors118
MinimumNone set
Offering506(b)
11 Tribes Ventures Fund II, LP
Oakbrook Terrace, ILEmerging506(c)
First saleFeb 2023
Raised$34.4M
Investors108
Minimum$250K
Offering506(c)
M25 Fund IV, L.P.
Chicago, ILEmerging
First saleDec 2022
Raised$28.2M
Investors40
MinimumNone set
Offering506(b)
FPG Ad Astra X, LP
Chicago, ILEmerging
First saleAug 2025
Raised$25.5M
Investors70
Minimum$102K
Offering506(b)
Chingona Ventures III LP
Chicago, ILEmerging
First saleJul 2025
Raised$23.5M
Investors12
MinimumNone set
Offering506(b)
Atlas Access Fund IV, L.P.
Chicago, ILEmerging
First saleSep 2026
Raised$23.4M
Investors4
Minimum$250K
Offering506(b)
UA1 Fund, L.P.
Winnetka, ILEmerging
First saleMay 2025
Raised$20.8M
Investors29
Minimum$100K
Offering506(b)
VestedWorld Rising Star Fund, L.P.
Chicago, ILEmerging
First saleJan 2022
Raised$20.6M
Investors51
MinimumNone set
Offering506(b)
Tonic Ventures Fund II, LP
Chicago, ILEmerging
First saleFeb 2026
Raised$20.0M
Investors8
Minimum$1K
Offering506(b)
Atlas Access Fund, L.P.
Chicago, ILEmerging
First saleOct 2025
Raised$20.0M
Investors7
Minimum$100K
Offering506(b)
BVVC Fund I, LP
Burr Ridge, ILEmerging
First saleNov 2023
Raised$16.5M
Investors31
MinimumNone set
Offering506(b)
New Stack III Q, L.P.
Chicago, ILEmerging
First saleAug 2024
Raised$14.2M
Investors37
MinimumNone set
Offering506(b)
11 Tribes Ventures Access Fund II, LP
Oakbrook Terrace, ILEmerging506(c)
First saleFeb 2023
Raised$12.0M
Investors118
Minimum$10K
Offering506(c)
Atlas Access Fund II, L.P.
Chicago, ILEmerging
First saleNov 2025
Raised$11.5M
Investors2
Minimum$1.5M
Offering506(b)
FPG Ad Claritas VI, LP
Chicago, ILEmerging
First saleDec 2025
Raised$10.6M
Investors33
Minimum$101K
Offering506(b)
Huizenga Venture Investments V, LLC
Oak Brook, ILEmerging
First saleDec 2025
Raised$10.6M
Investors11
Minimum$500K
Offering506(b)
OCA Roadrunner II, LLC
Chicago, ILEmerging
First saleJun 2026
Raised$10.5M
Investors36
MinimumNone set
Offering506(b)
FPG Ad Claritas IV, LP
Chicago, ILEmerging
First saleJul 2025
Raised$10.1M
Investors37
Minimum$51K
Offering506(b)
Atlas Access Fund III, L.P.
Chicago, ILEmerging
First saleMar 2026
Raised$10.0M
Investors6
Minimum$15K
Offering506(b)
Manifold Boost Holdings LP
Chicago, ILEmerging
First saleJul 2026
Raised$9.9M
Investors15
Minimum$175K
Offering506(b)
Portal Innovations Momentum Fund, L.P.
Chicago, ILEmerging
First saleMay 2022
Raised$9.4M
Investors18
MinimumNone set
Offering506(b)
FPG Ad Ultra II, LP
Chicago, ILEmerging
First saleMay 2025
Raised$9.3M
Investors35
Minimum$152K
Offering506(b)
FPG Ad Astra XI, LP
Chicago, ILEmerging
First saleJan 2026
Raised$9.3M
Investors33
Minimum$51K
Offering506(b)
FPG Ad Ultra IV, LP
Chicago, ILEmerging
First saleAug 2026
Raised$8.5M
Investors29
Minimum$102K
Offering506(b)
Experience Fund, L.P.
Chicago, ILEmerging
First saleSep 2026
Raised$7.6M
Investors13
MinimumNone set
Offering506(b)
PCV Fund I Partners - Recur, LP
Chicago, ILEmerging
First saleApr 2026
Raised$7.5M
Investors11
MinimumNone set
Offering506(b)
Origin Ventures VI-A, L.P.
Chicago, ILEmerging
First saleMar 2023
Raised$7.2M
Investors31
MinimumNone set
Offering506(b)
New Stack Opportunity I, L.P.
Chicago, ILEmerging
First saleAug 2024
Raised$4.9M
Investors22
MinimumNone set
Offering506(b)
81 Collection Fund II (Onshore Parallel), L.P.
Chicago, ILEmerging
First saleMay 2025
Raised$4.7M
Investors33
MinimumNone set
Offering506(b)
Atoms VC, LP
Chicago, ILEmerging
First saleFeb 2026
Raised$4.7M
Investors20
Minimum$50K
Offering506(b)
Venture Forward Capital Fund 1 LLC
Chicago, ILEmerging506(c)
First saleJul 2022
Raised$4.5M
Investors37
Minimum$25K
Offering506(c)
M25 Fund IV-A, L.P.
Chicago, ILEmerging
First saleDec 2022
Raised$4.4M
Investors20
MinimumNone set
Offering506(b)
SC Vivalia, LLC
Chicago, ILEmerging
First saleJul 2026
Raised$3.9M
Investors46
Minimum$25K
Offering506(b)
Legacy Ventures Kingdom Capital Fund, LP
Chicago, IL
First saleOct 2018
Raised$3.8M
Investors39
MinimumNone set
Offering506(b)
New Stack III, L.P.
Chicago, ILEmerging
First saleAug 2024
Raised$2.9M
Investors15
MinimumNone set
Offering506(b)
FT Openova LLC
Wheaton, ILEmerging
First saleJan 2026
Raised$2.8M
Investors12
Minimum$2K
Offering506(b)
7wire Ventures Fund III-A, L.P.
Chicago, ILEmerging
First saleOct 2025
Raised$2.6M
Investors4
MinimumNone set
Offering506(b)
Serra Capital Opportunities Fund, L.P.
Champaign, ILEmerging
First saleSep 2026
Raised$2.4M
Investors20
Minimum$100K
Offering506(b)
Multimodal Ventures II, LP
Naperville, ILEmerging
First saleOct 2026
Raised$2.2M
Investors6
Minimum$300K
Offering506(b)
PCV Fund I Partners - Outmarket, LP
Chicago, ILEmerging
First saleSep 2026
Raised$2.1M
Investors1
MinimumNone set
Offering506(b)
BCF-Tensormesh LLC
Chicago, ILEmerging
First saleFeb 2026
Raised$1.5M
Investors6
MinimumNone set
Offering506(b)
LongJump Ventures Fund II LP
Chicago, ILEmerging
First saleJan 2025
Raised$1.4M
Investors21
Minimum$10K
Offering506(b)
HPA 2024 I Investment, LLC
Darien, ILEmerging
First saleAug 2025
Raised$1.3M
Investors68
MinimumNone set
Offering506(b)
Chicago Poland Ventures LP
Elk Grove Village, ILEmerging
First saleFeb 2022
Raised$1.3M
Investors14
MinimumNone set
Offering506(b)
Dendrion Epitel 1, LLC
Chicago, ILEmerging
First saleMay 2026
Raised$1.3M
Investors32
MinimumNone set
Offering506(b)
Frontline One Capital LLC
Lagrange, ILEmerging
First saleJun 2025
Raised$1.2M
Investors10
Minimum$200K
Offering506(b)
HPA Karoo Health Investment, LLC
Darien, ILEmerging
First saleMay 2026
Raised$1.1M
Investors73
MinimumNone set
Offering506(b)
HPA 2025 H Investment, LLC
Darien, ILEmerging
First saleMay 2026
Raised$1.1M
Investors58
MinimumNone set
Offering506(b)
Hpa 2024 Es Investment, LLC
Darien, ILEmerging
First saleJul 2026
Raised$1.0M
Investors61
MinimumNone set
Offering506(b)
PVM Chef, LLC
Chicago, ILEmerging
First saleOct 2024
Raised$950K
Investors5
MinimumNone set
Offering506(b)
Angel Operator Partners Fund I, LP
Hawthorn Woods, ILEmerging
First saleDec 2025
Raised$850K
Investors6
Minimum$50K
Offering506(b)
HPA 2023 BM Investment, LLC
Darien, ILEmerging
First saleJul 2026
Raised$808K
Investors35
MinimumNone set
Offering506(b)
HPA 2025 CD Investment, LLC
Darien, ILEmerging
First saleOct 2025
Raised$802K
Investors62
MinimumNone set
Offering506(b)
Hpa 2025 M Investment, LLC
Darien, ILEmerging
First saleJun 2025
Raised$788K
Investors50
MinimumNone set
Offering506(b)
HPA 2023 BT Investment, LLC
Darien, ILEmerging
First saleAug 2025
Raised$781K
Investors52
MinimumNone set
Offering506(b)
Hpa 2025 Sai Investment, LLC
Darien, ILEmerging
First saleAug 2025
Raised$749K
Investors53
MinimumNone set
Offering506(b)
HPA 2025 WC Investment, LLC
Darien, ILEmerging
First saleDec 2025
Raised$728K
Investors59
MinimumNone set
Offering506(b)
HPA Shelfmark Investment, LLC
Darien, ILEmerging
First saleJun 2026
Raised$722K
Investors57
MinimumNone set
Offering506(b)
Hpa 2025 St Investment, LLC
Darien, ILEmerging
First saleAug 2025
Raised$696K
Investors49
MinimumNone set
Offering506(b)
New Industry Fund I, L.P.
Evanston, ILEmerging
First saleOct 2025
Raised$672K
Investors16
MinimumNone set
Offering506(b)
HPA 2025 CV Investment, LLC
Darien, ILEmerging
First saleMay 2026
Raised$588K
Investors44
MinimumNone set
Offering506(b)
HPA 2025 WH Investment, LLC
Darien, ILEmerging
First saleJul 2026
Raised$580K
Investors46
MinimumNone set
Offering506(b)
HPA 2025 PR Investment, LLC
Darien, ILEmerging
First saleMay 2026
Raised$484K
Investors20
MinimumNone set
Offering506(b)
HPA 2024 D Investment, LLC
Darien, ILEmerging506(c)
First saleFeb 2026
Raised$439K
Investors31
MinimumNone set
Offering506(c)
HPA 2025 I Investment, LLC
Darien, ILEmerging
First saleAug 2026
Raised$419K
Investors19
MinimumNone set
Offering506(b)
Dendrion Re-Emerge 1, LLC
Chicago, ILEmerging
First saleMay 2026
Raised$353K
Investors23
MinimumNone set
Offering506(b)
Dipalo Ventures Fund II, LP
Chicago, ILEmerging
First saleJul 2025
Raised$325K
Investors4
MinimumNone set
Offering506(b)
Peranaut First Light Fund I LP
Chicago, ILEmerging
First saleSep 2026
Raised$305K
Investors7
MinimumNone set
Offering506(b)
Hpa 2023 Ps Investment, LLC
Darien, ILEmerging
First saleAug 2025
Raised$292K
Investors30
MinimumNone set
Offering506(b)
HPA TractorZoom Investment, LLC
Darien, ILEmerging
First saleFeb 2025
Raised$260K
Investors21
MinimumNone set
Offering506(b)
Dendrion MadSci 1, LLC
Chicago, ILEmerging
First saleJun 2026
Raised$242K
Investors17
MinimumNone set
Offering506(b)
Dendrion Innoblative 1, LLC
Chicago, ILEmerging
First saleJun 2026
Raised$60K
Investors5
MinimumNone set
Offering506(b)
Bewater Growth Fund II, LP
Winnetka, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Superior Studios Fund I, LP
Chicago, IL
First sale—
Raised$0
Investors0
Minimum$1
Offering506(b)
ARCH Venture Fund XIV, L.P.
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Barrel Ventures III LP
Evanston, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Permanent Capital Ventures Fund II, LP
Chicago, IL506(c)
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(c)
BVVC Fund II, LP
Burr Ridge, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
FPG Ad Ultra III, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Palo Santo Investors II LP
Highland Park, IL506(c)
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(c)
Motivate Ventures QP Fund III, LP
Chicago, IL506(c)
First sale—
Raised$0
Investors0
Minimum$100K
Offering506(c)
Motivate Ventures AI Fund III, LP
Chicago, IL506(c)
First sale—
Raised$0
Investors0
Minimum$100K
Offering506(c)
InnovateHealth Switchboard LLC
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Higher Ground Labs Fund V LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Williams Bay Holding Co LLC
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
FPG Ad Claritas V, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
LB Access I, L.P.
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Long Chicago 2025 LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
FPG Ad Novo III, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Grid Capital Fund I-A, LP
Winnetka, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Motivate OF I, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Permanent Capital Ventures Fund I-A, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Starting Line New TV, LLC
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Colter II, LLC
Chicago, IL
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Velveteen Ventures Fund I, LP
Wilmette, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)