Investments
160Portfolio Exits
30Funds
5Service Providers
2About Chicago Ventures
Chicago Ventures, formerly i2A Fund, invests in well-managed seed-stage technology companies in Chicago and the Greater Midwest that have demonstrated a value proposition in a given market for their product or services. The fund looks to make initial investments ranging from $250,000 to $1 million in each company.
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CB Insights Intelligence Analysts have mentioned Chicago Ventures in 1 CB Insights research brief, most recently on Nov 10, 2021.
Latest Chicago Ventures News
Sep 22, 2023
Layup , a New York-based provider of a bank offering prize-linked savings accounts for sports fans, raised $2.3M in Seed funding. The round was led by Continental Investment Partners, with participation from Chicago Ventures and the Entrepreneurs Roundtable Accelerator. The company intends to use the funds to expand product capabilities, recruit talent, and market its game-based savings application to sports fans and other end users. Led by CEO Owen Monagan, and CTO Oisin Tiernan, Layup has created PLSAs by offering competitive, chance-based sports games. Fans are rewarded for saving through increased opportunities to participate in equal odds sports-based games. Its product provides sports betting without the downside, promoting savings instead of losses. A prize-linked saving account or PLSA (also called a lottery-linked deposit account) is a savings account where some of the interest payment on bank deposits or marketing dollars are distributed as prizes based on chance. A beta version of Layup is currently available on the Apple App Store and the Google Play Store. FinSMEs
Chicago Ventures Investments
160 Investments
Chicago Ventures has made 160 investments. Their latest investment was in SAVVI AI as part of their Seed VC - II on September 9, 2023.
Chicago Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/18/2023 | Seed VC - II | SAVVI AI | $5.47M | Yes | 1 | |
9/13/2023 | Seed VC | Layup | $2.3M | Yes | 2 | |
7/31/2023 | Seed VC - II | Part3 | $2.12M | Yes | 1 | |
7/14/2023 | Series A | |||||
6/30/2023 | Pre-Seed |
Date | 9/18/2023 | 9/13/2023 | 7/31/2023 | 7/14/2023 | 6/30/2023 |
|---|---|---|---|---|---|
Round | Seed VC - II | Seed VC | Seed VC - II | Series A | Pre-Seed |
Company | SAVVI AI | Layup | Part3 | ||
Amount | $5.47M | $2.3M | $2.12M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 1 |
Chicago Ventures Portfolio Exits
30 Portfolio Exits
Chicago Ventures has 30 portfolio exits. Their latest portfolio exit was Ureeka on September 30, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
9/30/2022 | Acquired | 5 | |||
8/29/2022 | Acquired | 7 | |||
5/10/2022 | Acquired | 4 | |||
Date | 9/30/2022 | 8/29/2022 | 5/10/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 7 | 4 |
Chicago Ventures Fund History
5 Fund Histories
Chicago Ventures has 5 funds, including Chicago Ventures Fund III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
3/3/2021 | Chicago Ventures Fund III | $63M | 4 | ||
10/31/2016 | Chicago Ventures Fund II | ||||
10/31/2016 | Chicago Ventures Founders Fund | ||||
6/14/2013 | Chicago Ventures Fund | ||||
2/25/2008 | Illinois Innovation Accelerator Fund |
Closing Date | 3/3/2021 | 10/31/2016 | 10/31/2016 | 6/14/2013 | 2/25/2008 |
|---|---|---|---|---|---|
Fund | Chicago Ventures Fund III | Chicago Ventures Fund II | Chicago Ventures Founders Fund | Chicago Ventures Fund | Illinois Innovation Accelerator Fund |
Fund Type | |||||
Status | |||||
Amount | $63M | ||||
Sources | 4 |
Chicago Ventures Service Providers
2 Service Providers
Chicago Ventures has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel | ||
Service Provider | ||
|---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type | General Counsel |
Partnership data by VentureSource
Chicago Ventures Team
4 Team Members
Chicago Ventures has 4 team members, including current Founder, General Partner, Stuart Larkins.
Name | Work History | Title | Status |
|---|---|---|---|
Stuart Larkins | DoubleClick, and Penske Logistics | Founder, General Partner | Current |
Name | Stuart Larkins | |||
|---|---|---|---|---|
Work History | DoubleClick, and Penske Logistics | |||
Title | Founder, General Partner | |||
Status | Current |
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