December 11, 2020
Chicago continues to lead in venture capital (VC) return on investment, according to the 2020 Chicago VC Ecosystem Report, prepared by P33 and ChicagoNEXT and based on Pitchbook data. The city has maintained its top ranking since 2016.
Among the factors cited in the report include:
• $7.8 billion invested in Chicago since 2017
• A record number of 302 deals closed in 2019
• 2,000 active tech startups supported by a deep roster of seed-stage companies and incubators. These include 1871, recognized by UBI Global as the #1 private incubator among university-affiliated business incubators in the world.
“This announcement only confirms what everyone in Chicago already knew,” said Mayor Lori Lightfoot. “When it comes to supporting entrepreneurship, driving innovation, and—above all—delivering results, there is no better city in the nation than Chicago, thanks to our vibrant ecosystem, diverse economy, and wealth of homegrown talent.”
Pictured: 1871 in Chicago.
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