Summary
Venture capital funding of technology companies based in the state of Illinois for the five-year period of 2010 - 2014 has seen uneven results.
Although 2014 was the best year of the five-year period, with Illinois-based companies raising $1.4 billion, the period of 2012 - 2013 showed a market decrease in funding, to a five-year low of $595 million in 2013.
Illinois showed funding across a large number of industries, 24 during the five-year period.
However, other states such as Colorado posted even better results, with 29 industries represented in the data.
Nevertheless, Illinois shows a diverse and promising technology industry, with hopes of building on a record year of results in 2014.
Investments by Industry
The "Land of Lincoln" state accounted for 500 transactions between 24 industries. All major industries were represented, with Internet/IT/Software receiving by far the greatest number of investments at 266.
Investments by Year
Illinois venture capital funding has been uneven over the past five-year period, although three of the five years resulted in aggregate fundings exceeding $1 billion, in 2010, 2011 and 2014.
Investment by City
Although the state has seen a wide variety of cities represented in the data, predictably Chicago has accounted for nearly 70% of all financings. The cities of Champaign, Evanston and Skokie came in a distant second.
Investments by Round
Series A and Series B accounted for the majority of disclosed funding round designations. If the "Undisclosed" category were allocated to other rounds, it is likely that these numbers would increase proportionately.
Investments by Amount
The chart below shows the preponderance of funding rounds at or below $20 million. However, more than 50 rounds were above $20 million in the aggregate.