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Venture Capital
chicagoventures.com

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Investments

145

Portfolio Exits

28

Funds

5

Service Providers

2

About 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.

Chicago Ventures Headquarter Location

222 West Merchandise Mart Plaza Suite 1212

Chicago, Illinois, 60654,

United States

847-448-4976

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Latest Chicago Ventures News

Former FedEx execs bringing visibility to ‘stock in motion’

Apr 6, 2022

FreightWaves S+V Technologies helping merchants sell product in transit to fulfillment centers 2 minutes read S+V Technologies President Aly Hancock and CEO Mike Rude. (Photo: Ashley Weaver) In today’s supply chain climate, merchants can be stuck with either stockouts or overstock, both of which leave retailers in a position to lose revenue. Now two former FedEx executives are looking to offer an inventory option they call “stock in motion.”  With this inventory alternative offered by S+V Technologies, merchants can give consumers an opportunity to purchase items that are in transit to fulfillment centers, eliminating the mystery of when items will be back in stock. “When shopping online, consumers spend all their time researching items they want to purchase or click on social media ads to find out the item is out of stock,” said S+V Technologies President Aly Hancock, a former e-commerce worldwide account manager at FedEx. Now with the company’s stock-in-motion plug-and-play solution, consumers will see the remaining transit days of the incoming stock so they can confidently purchase items knowing their accurate delivery date. “We offer a range of dates that can be delivered to your home, calculated by the remaining transit days, days to fulfill, plus any other types of transportation variants,” said CEO Mike Rude, former vice president of e-commerce at FedEx. Stock in motion application. (Photo: S+V Technologies) The new inventory concept and expert team have caught the attention of prominent supply chain investors. Ben Walker, a partner at Ridgeline Venture Group Management, said, “We love to invest in people like Mike and Aly. They’re passionate, gritty founders using deep domain expertise to unlock insights and build products capable of addressing massive markets.”  In February, S+V Technologies closed on a $500,000 seed round led by Ridgeline Partners with participation from Chicago Ventures and project44 founder and CEO Jett McCandless. “This application comes at a time when retailers are severely impacted by the global supply chain disruption,” McCandless told FreightWaves. “By offering stock for sale from inbound inventory with full visibility to consumers, retailers will gain multiple days of sale that would otherwise be lost.” “With out-of-stock items being the number one pain point for consumers, the stock in motion application will address this in a unique and innovative way,” said Stuart Larkins, co-founder and partner at Chicago Ventures. The stock-in-motion technology is currently in beta testing with a few customers and S+V is currently working on strategic partnerships with fulfillment providers and selling platforms like Shopify to bring in more data and improve the solution to go to market. “Our stock in motion concept isn’t incremental, it’s transformational. We are going to make it part of the fabric of e-commerce ,” said Hancock. Watch now: Technology update presented by DDC FPO

Chicago Ventures Investments

145 Investments

Chicago Ventures has made 145 investments. Their latest investment was in Project44 as part of their Series F on January 1, 2022.

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Chicago Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/11/2022

Series F

Project44

$420M

No

17

10/14/2021

Series A - II

Ureeka

$8.15M

No

3

10/11/2021

Seed VC - II

Prisidio

$3.5M

Yes

6

9/29/2021

Series B

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$99M

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10

9/21/2021

Series B

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$99M

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10

Date

1/11/2022

10/14/2021

10/11/2021

9/29/2021

9/21/2021

Round

Series F

Series A - II

Seed VC - II

Series B

Series B

Company

Project44

Ureeka

Prisidio

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Amount

$420M

$8.15M

$3.5M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

17

3

6

10

10

Chicago Ventures Portfolio Exits

28 Portfolio Exits

Chicago Ventures has 28 portfolio exits. Their latest portfolio exit was Troops on May 10, 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

5/10/2022

Acquired

4

3/2/2022

Acquired

1

8/18/2021

Acquired

5/19/2021

Acq - Pending

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10

3/31/2021

Acquired

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$99M

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10

Date

5/10/2022

3/2/2022

8/18/2021

5/19/2021

3/31/2021

Exit

Acquired

Acquired

Acquired

Acq - Pending

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

4

1

10

10

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 Founders Fund

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$99M

10

10/31/2016

Chicago Ventures Fund II

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$99M

10

6/14/2013

Chicago Ventures Fund

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$99M

10

2/25/2008

Illinois Innovation Accelerator Fund

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$99M

10

Closing Date

3/3/2021

10/31/2016

10/31/2016

6/14/2013

2/25/2008

Fund

Chicago Ventures Fund III

Chicago Ventures Founders Fund

Chicago Ventures Fund II

Chicago Ventures Fund

Illinois Innovation Accelerator Fund

Fund Type

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Status

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Amount

$63M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

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

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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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

Rob Chesney

Trunk Club, Greylock Partners, eBay, and TradeOut.com

General Partner

Current

Kevin Willer

1871, The Pritzker Group, Chicagoland Entrepreneurial Center, Engage Media & Technology, and 3Com

General Partner

Current

Pat Ryan

Founder

Former

Name

Stuart Larkins

Rob Chesney

Kevin Willer

Pat Ryan

Work History

DoubleClick, and Penske Logistics

Trunk Club, Greylock Partners, eBay, and TradeOut.com

1871, The Pritzker Group, Chicagoland Entrepreneurial Center, Engage Media & Technology, and 3Com

Title

Founder, General Partner

General Partner

General Partner

Founder

Status

Current

Current

Current

Former

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