It looks like it’s going to be a big year for the Windy City. VC funding is off to a rip-roaring start for Chicago, with over $2 billion raised in just Q1 2021.
Right now, there is a record amount of capital flooding into the Chicago community. Chicago-based startups and growth-stage companies have a lot of options, including sales, SPACs, and traditional IPOs. For instance, Squarespace – which is about to go public – recently purchased Chicago restaurant-software maker Tock for $445 million.
But while Illinois VC is booming, there are still significant disparities. Cleantech in the state only accounted for $110 million of the $2.56 billion Illinois raised last year. ChicagoInno noted the financial lag on Twitter.
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