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Venture Capital
illinoisventures.com

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Investments

78

Portfolio Exits

13

Funds

6

About IllinoisVENTURES

IllinoisVENTURES is a premier seed and early-stage technology investment firm focused on research-derived companies in information technologies, physical sciences, life sciences and clean technology. We start and build globally-competitive businesses based on work conducted at Midwest Universities and federal laboratories. We bring together leading researchers and entrepreneurs to mold concepts, vision, intellectual property, sweat and passion into breakthrough, high-growth companies. Conceived and launched by the University of Illinois, we have been consistently named by Entrepreneur magazine to its national list of the top 100 venture capital firms.

IllinoisVENTURES Headquarter Location

20 N Wacker Drive Suite 1201

Chicago, Illinois, 60606,

United States

312-251-0700

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Latest IllinoisVENTURES News

IllinoisVentures collects $15m for third fund

Jan 12, 2018

IllinoisVentures collects $15m for third fund University of Illinois at Chicago’s early-stage investment arm IllinoisVentures has secured $15m for its latest vehicle. Author: Thierry Heles, editor IllinoisVentures, the early-stage investment vehicle established by University of Illinois at Chicago (UIC), yesterday filed a regulatory document indicating that it has raised almost $15.2m for its third fund. The Illinois Emerging Technologies Fund (IETF) III was launched in 2016 and secured $7.5m out of a $15m target at the time. IllinoisVentures has not released an official statement about the new fund yet. IllinoisVentures was established in 2002 to drive spinout generation at University of Illinois. It was launched by the institution’s board of trustees and now also supports the wider entrepreneurial ecosystem throughout Illinois. IETF have traditionally been financed through external limited parties. IllinoisVentures uses the funds to either lead or participate in larger rounds for early-stage companies that need substantial capital to grow. IllinoisVentures also operates the UIC Chancellor’s Innovation Fund, which offers proof-of-concept grants for validating technology, creating prototypes and undertaking market research. Additionally, IllinoisVentures also provides up to $200,000 in seed funding to spinouts emerging out of University of Illinois. Copyright Mawsonia Limited 2010. Please don´t cut articles from www.globaluniversityventuring.com or the PDF and redistribute by email or post to the web without written permission.

IllinoisVENTURES Investments

78 Investments

IllinoisVENTURES has made 78 investments. Their latest investment was in Mesh++ as part of their Seed VC on October 10, 2021.

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IllinoisVENTURES Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/22/2021

Seed VC

Mesh++

$4.9M

No

3

11/3/2020

Debt

Sifter

$1.62M

Yes

1

9/29/2020

Seed VC

Network Perception

$2.73M

Yes

5

5/8/2020

Seed VC

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$99M

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10

10/15/2019

Series A - III

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$99M

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10

Date

10/22/2021

11/3/2020

9/29/2020

5/8/2020

10/15/2019

Round

Seed VC

Debt

Seed VC

Seed VC

Series A - III

Company

Mesh++

Sifter

Network Perception

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Amount

$4.9M

$1.62M

$2.73M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

1

5

10

10

IllinoisVENTURES Portfolio Exits

13 Portfolio Exits

IllinoisVENTURES has 13 portfolio exits. Their latest portfolio exit was Sense Photonics on October 05, 2021.

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

10/5/2021

Acquired

$99M

8

10/9/2020

Acquired

1

1/12/2017

Acquired

2

7/20/2016

Acq - Fin

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10

3/6/2015

Acquired

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10

Date

10/5/2021

10/9/2020

1/12/2017

7/20/2016

3/6/2015

Exit

Acquired

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

8

1

2

10

10

IllinoisVENTURES Fund History

6 Fund Histories

IllinoisVENTURES has 6 funds, including Illinois Emerging Technologies Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/11/2018

Illinois Emerging Technologies Fund III

Early-Stage Venture Capital

Closed

$15.2M

3

12/31/2013

UIC Chancellor's Innovation Fund

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$99M

10

4/12/2010

Illinois Emerging Technologies Fund II

$99M

10

8/1/2005

Illinois Emerging Technologies Fund

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$99M

10

Illinois Ventures III

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10

Closing Date

1/11/2018

12/31/2013

4/12/2010

8/1/2005

Fund

Illinois Emerging Technologies Fund III

UIC Chancellor's Innovation Fund

Illinois Emerging Technologies Fund II

Illinois Emerging Technologies Fund

Illinois Ventures III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$15.2M

$99M

$99M

$99M

Sources

3

10

10

10

10

IllinoisVENTURES Team

7 Team Members

IllinoisVENTURES has 7 team members, including current Chief Executive Officer, Nancy Sullivan.

Name

Work History

Title

Status

Nancy Sullivan

Chief Executive Officer

Current

Markus Lampinen

Chief Operating Officer

Current

Thomas E. Parkinson

Ohio University, Adena Ventures, and Evanston

Senior Director

Current

John Banta

Digitalwork, UBS, and Bear Stearns

Chief Executive Officer

Former

John Regan

Energy Foundry, Keystone Ventures, Apex Venture Partners, and General Dynamics

Managing Director

Former

Name

Nancy Sullivan

Markus Lampinen

Thomas E. Parkinson

John Banta

John Regan

Work History

Ohio University, Adena Ventures, and Evanston

Digitalwork, UBS, and Bear Stearns

Energy Foundry, Keystone Ventures, Apex Venture Partners, and General Dynamics

Title

Chief Executive Officer

Chief Operating Officer

Senior Director

Chief Executive Officer

Managing Director

Status

Current

Current

Current

Former

Former

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