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Venture Capital Firms in Chicago

53 venture capital firms are on this list. Of those that report private fund gross assets from a main office in the Chicago metro, Arch Venture Partners is the largest: $10.5 billion through Arch Venture Management LLC (filed ).

Energize Capital follows with $1.7 billion. The 53 firms counted report $23.9 billion together; the ten largest hold 76% of it, and half report less than $122 million.

Updated . Rechecked quarterly; next check . Figures read , as filed to .

Where the $23.9BN sitsThe 53 firms counted, by size. The bar is each size band's share of the combined dollars.
  1. $10BN to $25BN44%1 firm
  2. $1BN to $5BN13%2 firms
  3. $500MM to $1BN15%5 firms
  4. Under $500MM28%45 firms

Latest Form ADV of each, filed Jan 2026 to Sep 2026. Read ; sources at the end of the page.

Venture capital firms listedList of November 2026; 53 are venture capital firms
53
Combined fund assets53 counted; as filed to Sep 2026
$23.9BN
Largest: Arch Venture PartnersAs filed
$10.5BN
Median firmHalf of the 53 report less
$122MM
Held by the ten largestOf the $23.9BN combined
76%

Arch Venture Partners, Energize Capital and Cleveland Avenue Advisers lead the Chicago venture capital firms by fund assets

The ten largest by private fund gross assets on their latest Form ADV. Together they report $18.2BN, 76% of the $23.9BN the 53 counted report.

  1. 1

    Arch Venture Partners

    Venture capital firm, Chicago

    $10.5BNPrivate fund gross assets, Mar 2026

    Private funds
    13
    Listed stocks, Q2 2026
    $1.1BN
  2. 2

    Energize Capital

    Venture capital firm, Chicago

    $1.7BNPrivate fund gross assets, Mar 2026

    Regulatory assets
    $1.7BN
    Private funds
    26
  3. 3

    Cleveland Avenue Advisers

    Venture capital firm, Chicago

    $1.4BNPrivate fund gross assets, Mar 2026

    Private funds
    7
  4. 4

    Sandbox Industries

    Venture capital firm, Chicago

    $856MMPrivate fund gross assets, Mar 2026

    Private funds
    5
  5. 5

    Lightbank

    Venture capital firm, Chicago

    $839MMPrivate fund gross assets, Mar 2026

    Private funds
    8
  6. 6

    7wire Management

    Venture capital firm, Chicago

    $761MMPrivate fund gross assets, Mar 2026

    Private funds
    22
  7. 7

    Moderne Capital

    Private equity and venture capital firm, Chicago

    $609MMPrivate fund gross assets, Apr 2026

    Private funds
    18
  8. 8

    GSV Ventures Management

    Venture capital firm, Chicago

    $582MMPrivate fund gross assets, Apr 2026

    Private funds
    15
  9. 9

    Jump Capital

    Venture capital firm, Chicago

    $456MMPrivate fund gross assets, Jul 2026

    Private funds
    7
  10. 10

    CMT Asset Management

    Venture capital firm, Chicago

    $425MMPrivate fund gross assets, Mar 2026

    Regulatory assets
    $533MM
    Private funds
    14

Gross assets of the private funds each adviser reported in its latest Form ADV. Each pin opens the filing behind the figure; the ranking rule and sources are at the end of the page. Read .

One firm holds 44% of the fund assets

How the 53 firms counted spread by size: most are small, the dollars sit at the top.

Every firm on one scaleEach dot is one firm's private fund gross assets in its latest filing. Filled: advisers whose private funds are mostly venture capital; open: advisers with other funds too. Dollar scale is logarithmic.
Fund assets of each of the 53 firms counted, log scaleEach dot is one adviser and links to its row. Arch Venture Partners $10.5BN; Energize Capital $1.7BN; Cleveland Avenue Advisers $1.4BN; median $122MM.$10MM$100MM$1BN$10BN$100BNArch Venture Partners: $10.5BNEnergize Capital: $1.7BNCleveland Avenue Advisers: $1.4BNSandbox Industries: $856MMLightbank: $839MM7wire Management: $761MMModerne Capital: $609MMGSV Ventures Management: $582MMJump Capital: $456MMCMT Asset Management: $425MMChicago Ventures Fund Management: $423MMHyde Park Venture Partners: $396MMTrue North Management Partners: $375MMOrigin Ventures Group: $347MMCorazon Group: $331MMOCA Ventures: $318MMOMX Ventures: $253MMMotivate Capital Management: $248MMVolta Energy Technologies: $244MMMK Capital: $211MMListen: $207MMOrbital Ventures Management: $203MMFirst Analysis Capital Management: $186MMPermanent Capital Ventures Management: $152MMR7 Partners: $129MMM25: $128MMStarting Line: $122MMDistributed Ventures: $111MMMath Venture Partners Management: $105MMTechnexus: $96MMA1 Management Co: $84MMCultivian Sandbox: $78MMNew Stack: $76MMMethod Capital: $76MMBVVC: $71MMBridge Investments: $68MMChingona Ventures Management: $61MMSisu Management: $56MMSprig Equity Management: $55MM11 Tribes Ventures: $55MMCollective Study: $54MMUA1 Management Company: $51MMHyde Park Angels: $50MMSnak Venture Partners Management: $48MMBluestein Ventures Management: $45MMBarrel Ventures Management: $41MMVestedworld: $40MMDecasonic: $35MMInvivium Capital: $34MMPace Healthcare Capital Management: $34MMGiant Step Management: $26MMGrid Capital Management: $25MMRiverwalk Capital Partners: $16MMArch Venture Partners $10.5BNEnergize Capital $1.7BNCleveland Avenue Advisers $1.4BNMedian $122MMFund assets of each of the 53 firms counted, log scaleEach dot is one adviser and links to its row. Arch Venture Partners $10.5BN; Energize Capital $1.7BN; Cleveland Avenue Advisers $1.4BN; median $122MM.$10MM$1BN$100BNArch Venture Partners $10.5BNMedian $122MM

One dot per firm counted. Read .

The 53 firms, by size
Under $500MM4528%$6.6BN
$500MM to $1BN515%$3.6BN
$1BN to $5BN213%$3.1BN
$5BN to $10BN00%$0
$10BN to $25BN144%$10.5BN
$25BN and over00%$0

Fund assets each reported in its latest filing; shares are of the $23.9BN combined, one row per firm. Read .

44%

of the fund assets reported sits with one firm, Arch Venture Partners. The five largest hold 64%; 50 of 53 report under $1 billion.

44%Largest20%Next 436%Other 48
Who the 53 are
  1. Venture capital firms53

Kind of each, from its own website and filings, checked November 2026.

Where the 53 areThe 6 places with the most firms
  1. Chicago38
  2. Evanston2
  3. Winnetka2
  4. Burr Ridge1
  5. Darien1
  6. Glen Ellyn1

Main office on each firm's Form ADV.

Leaders beyond the ranking

Figures the main ranking does not compare: most active in private offerings, most private funds.

Most active in private offeringsPrivate offering notices filed to by funds and vehicles named for the firm.
RankNameFigure
1New Stack63 issuers
211 Tribes Ventures22 issuers
3Vestedworld11 issuer

Counts notices, new and amended, filed by issuers whose name begins with the name; offering amounts are not shown.

Most private fundsPrivate funds each firm advises, on its latest Form ADV (Schedule D).
RankNameFigure
1Hyde Park Angels41Mar 2026
2Energize Capital26Mar 2026
37wire Management22Mar 2026
4Origin Ventures Group19Mar 2026
5Moderne Capital18Apr 2026
6GSV Ventures Management15Apr 2026
7CMT Asset Management14Mar 2026
8Starting Line14Mar 2026

The list is public. The warm path is not. Schedule a conversation

All 53 venture capital firms

A to Z, with each firm's private fund gross assets, private funds, listed stocks and fund offerings, each with a pin to its filing; firms with no figure show the interests they state on their own sites.

Showing all 53 firms

Kind
Where
Size
Order
Venture Capital Firms in Chicago 53 firms, A to Z
FirmFund assetsBarPrivate fundsListed stocksFund offerings
11 Tribes Ventures
Venture capital firm, Glen Ellyn.
Detail and sources for 11 Tribes Ventures

Form ADV of 11 Tribes Ventures LLC (CRD 328978), exempt reporting adviser, filed , main office Glen Ellyn, IL: 3 private funds, $55MM gross.

Tied to this row by the CRD the list cites from the filing.

2 private offering notices since October 2024 by 2 funds and vehicles named for the firm, latest by 11 Tribes Ventures Fund II, LP, as the notice names it.

All 3 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$55MMMar 202632
7wire Management
Venture capital firm, Chicago.
Detail and sources for 7wire Management

Form ADV of 7wire Management, L.P. (CRD 287776), exempt reporting adviser, filed , main office Chicago, IL: 22 private funds, $761MM gross.

Tied to this row by the CRD the list cites from the filing.

All 22 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$761MMMar 202622
A1 Management Co
Venture capital firm, Chicago.
Detail and sources for A1 Management Co

Form ADV of A1 Management Co. LLC (CRD 326677), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $84MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$84MMApr 20261
Arch Venture Partners
Venture capital firm, Chicago.
Detail and sources for Arch Venture Partners

Form ADV of Arch Venture Management LLC (CRD 158196), exempt reporting adviser, filed , main office Chicago, IL: 13 private funds, $10.5BN gross.

Tied to this row by the CRD the list cites from the filing.

Listed stocks, Form 13F-HR of ARCH Venture Management, LLC, quarter ended , filed : 12 holdings, $1.1BN.

All 13 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, SEC Form 13F.

$10.5BNMar 202613$1.1BNQ2 2026
Barrel Ventures Management
Venture capital firm, Evanston.
Detail and sources for Barrel Ventures Management

Form ADV of Barrel Ventures Management, LLC (CRD 330756), exempt reporting adviser, filed , main office Evanston, IL: 6 private funds, $41MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$41MMMar 20266
Bluestein Ventures Management
Venture capital firm, Chicago.
Detail and sources for Bluestein Ventures Management

Form ADV of Bluestein Ventures Management LLC (CRD 322246), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $45MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$45MMFeb 20261
Bridge Investments
Venture capital firm, Highland Park.
Detail and sources for Bridge Investments

Form ADV of Bridge Investments LLC (CRD 338057), exempt reporting adviser, filed : 9 private funds, $68MM gross.

Tied to this row by the CRD the list cites from the filing.

All 9 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$68MMJan 20269
BVVC
Venture capital firm, Burr Ridge.
Detail and sources for BVVC

Form ADV of BVVC Management, LLC (CRD 336256), exempt reporting adviser, filed , main office Burr Ridge, IL: 2 private funds, $71MM gross.

Tied to this row by the CRD the list cites from the filing.

Possible match by name only, not counted: BVVC Capital, LLC (CRD 342806), exempt reporting adviser, filed , Burr Ridge, IL.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. A second adviser of the same business, BVVC Capital, LLC, files its own Form ADV: $43MM in private fund gross assets (June 2026), not added.

Files: SEC Form ADV.

$71MMAug 20262
Chicago Ventures Fund Management
Venture capital firm, Chicago.
Detail and sources for Chicago Ventures Fund Management

Form ADV of Chicago Ventures Fund Management, LLC (CRD 321050), exempt reporting adviser, filed , main office Chicago, IL: 6 private funds, $423MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$423MMMar 20266
Chingona Ventures Management
Venture capital firm, Chicago.
Detail and sources for Chingona Ventures Management

Form ADV of Chingona Ventures Management LLC (CRD 316482), exempt reporting adviser, filed : 2 private funds, $61MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$61MMMar 20262
Cleveland Avenue Advisers
Venture capital firm, Chicago.
Detail and sources for Cleveland Avenue Advisers

Form ADV of Cleveland Avenue Advisers, LLC (CRD 318250), exempt reporting adviser, filed , main office Chicago, IL: 7 private funds, $1.4BN gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$1.4BNMar 20267
CMT Asset Management
Venture capital firm, Chicago.
Detail and sources for CMT Asset Management

Form ADV of CMT Asset Management LLC (CRD 290487), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $533MM; 14 private funds, $425MM gross; 27 employees.

Tied to this row by the CRD the list cites from the filing.

All 14 of its private funds are venture capital funds. Regulatory assets on the same filing: $533MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$425MMMar 202614
Collective Study
Venture capital firm, Chicago.
Detail and sources for Collective Study

Form ADV of Collective Study, LLC (CRD 324303), exempt reporting adviser, filed : 6 private funds, $54MM gross.

Tied to this row by the CRD the list cites from the filing.

All 6 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$54MMJun 20266
Corazon Group
Venture capital firm, Chicago.
Detail and sources for Corazon Group

Form ADV of Corazon Group LLC (CRD 285865), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $331MM; 6 private funds, $331MM gross; 14 employees.

Tied to this row by the CRD the list cites from the filing.

Of its 6 private funds, 4 are venture capital funds; the others: 2 of other kinds. Regulatory assets on the same filing: $331MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$331MMMar 20266
Cultivian Sandbox
Venture capital firm, Chicago.
Detail and sources for Cultivian Sandbox

Form ADV of Cultivian Sandbox Venture Management II LLC (CRD 292259), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $78MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption. A second adviser of the same business, Cultivian Sandbox Venture Management, LLC, files its own Form ADV: $13MM in private fund gross assets (March 2026), not added.

Files: SEC Form ADV.

$78MMMar 20261
Decasonic
Venture capital firm, Chicago.
Detail and sources for Decasonic

Form ADV of Iconic Growth Partners D/b/a Decasonic (CRD 317998), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $35MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund.

Files: SEC Form ADV.

$35MMMar 20261
Distributed Ventures
Venture capital firm, Chicago.
Detail and sources for Distributed Ventures

Form ADV of Distributed Ventures, LLC (CRD 317989), exempt reporting adviser, filed , main office Chicago, IL: 2 private funds, $111MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds.

Files: SEC Form ADV.

$111MMMar 20262
Energize Capital
Venture capital firm, Chicago.
Detail and sources for Energize Capital

Form ADV of Energize Capital LLC (CRD 289047), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $1.7BN; 26 private funds, $1.7BN gross; 26 employees.

Tied to this row by the CRD the list cites from the filing.

Of its 26 private funds, 21 are venture capital funds; the others: 5 private equity. Regulatory assets on the same filing: $1.7BN (Item 5.F), not ranked.

Files: SEC Form ADV.

$1.7BNMar 202626
First Analysis Capital Management
Venture capital firm, Chicago.
Detail and sources for First Analysis Capital Management

Form ADV of First Analysis Capital Management LLC (CRD 161373), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $186MM; 8 private funds, $186MM gross; 25 employees.

Tied to this row by the CRD the list cites from the filing.

Of its 8 private funds, 5 are venture capital funds; the others: 3 private equity. Regulatory assets on the same filing: $186MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$186MMMay 20268
Giant Step Management
Venture capital firm, Chicago.
Detail and sources for Giant Step Management

Form ADV of Giant Step Management, LLC (CRD 333904), exempt reporting adviser, filed : 2 private funds, $26MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$26MMJan 20262
Grid Capital Management
Venture capital firm, Winnetka.
Detail and sources for Grid Capital Management

Form ADV of Grid Capital Management, LLC (CRD 340531), exempt reporting adviser, filed , main office Winnetka, IL: 2 private funds, $25MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$25MMApr 20262
GSV Ventures Management
Venture capital firm, Chicago.
Detail and sources for GSV Ventures Management

Form ADV of GSV Ventures Management, LLC (CRD 285043), exempt reporting adviser, filed , main office Chicago, IL: 15 private funds, $582MM gross.

Tied to this row by the CRD the list cites from the filing.

All 15 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$582MMApr 202615
Hyde Park Angels
Venture capital firm, Darien.
Detail and sources for Hyde Park Angels

Form ADV of Hyde Park Angels, Inc. (CRD 319762), exempt reporting adviser, filed , main office Darien, IL: 41 private funds, $50MM gross.

Tied to this row by the CRD the list cites from the filing.

All 41 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$50MMMar 202641
Hyde Park Venture Partners
Venture capital firm, Chicago.
Detail and sources for Hyde Park Venture Partners

Form ADV of Hyde Park Venture Partners Management LLC (CRD 170730), exempt reporting adviser, filed , main office Chicago, IL: 9 private funds, $396MM gross.

Tied to this row by the CRD the list cites from the filing.

All 9 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$396MMMar 20269
Invivium Capital
Venture capital firm, Chicago.
Detail and sources for Invivium Capital

Form ADV of Invivium Capital Management, LLC (CRD 328170), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $34MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$34MMMar 20261
Jump Capital
Venture capital firm, Chicago.
Detail and sources for Jump Capital

Form ADV of Jump Capital, LLC (CRD 283024), exempt reporting adviser, filed , main office Chicago, IL: 7 private funds, $456MM gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$456MMJul 20267
Lightbank
Venture capital firm, Chicago.
Detail and sources for Lightbank

Form ADV of Lightbank Asset Management, LLC (CRD 319430), exempt reporting adviser, filed , main office Chicago, IL: 8 private funds, $839MM gross.

Tied to this row by the CRD the list cites from the filing.

All 8 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$839MMMar 20268
Listen
Venture capital firm, Chicago.
Detail and sources for Listen

Form ADV of Listen LLC (CRD 298352), exempt reporting adviser, filed , main office Chicago, IL: 5 private funds, $207MM gross.

Tied to this row by the CRD the list cites from the filing.

All 5 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$207MMMar 20265
M25
Venture capital firm, Chicago.
Detail and sources for M25

Form ADV of M25 Group, LLC (CRD 304760), exempt reporting adviser, filed , main office Chicago, IL: 11 private funds, $128MM gross.

Tied to this row by the CRD the list cites from the filing.

All 11 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$128MMMar 202611
Math Venture Partners Management
Venture capital firm, Evanston.
Detail and sources for Math Venture Partners Management

Form ADV of Math Venture Partners Management, LLC (CRD 194519), exempt reporting adviser, filed : 2 private funds, $105MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$105MMMar 20262
Method Capital
Venture capital firm, Chicago.
Detail and sources for Method Capital

Form ADV of Method Capital LLC (CRD 283672), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $76MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$76MMMar 20261
MK Capital
Venture capital firm, Northfield.
Detail and sources for MK Capital

Form ADV of MK Capital Company (CRD 312360), exempt reporting adviser, filed , main office Northfield, IL: 1 private fund, $211MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$211MMMar 20261
Moderne Capital
Private equity and venture capital firm, Chicago.
Detail and sources for Moderne Capital

Form ADV of Moderne Capital, LP (CRD 290453), exempt reporting adviser, filed , main office Chicago, IL: 18 private funds, $609MM gross.

Tied to this row by the CRD the list cites from the filing.

All 18 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$609MMApr 202618
Motivate Capital Management
Venture capital firm, Chicago.
Detail and sources for Motivate Capital Management

Form ADV of Motivate Capital Management, LLC (CRD 314339), exempt reporting adviser, filed , main office Chicago, IL: 12 private funds, $248MM gross.

Tied to this row by the CRD the list cites from the filing.

All 12 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$248MMMar 202612
New Stack
Venture capital firm, Chicago.
Detail and sources for New Stack

Form ADV of New Stack, LLC (CRD 317702), exempt reporting adviser, filed , main office Chicago, IL: 5 private funds, $76MM gross.

Tied to this row by the CRD the list cites from the filing.

6 private offering notices since October 2024 by 3 funds and vehicles named for the firm, latest by New Stack III Q, L.P., as the notice names it.

All 5 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$76MMMar 202656
OCA Ventures
Venture capital firm, Chicago.
Detail and sources for OCA Ventures

Form ADV of OCA Ventures, LLC (CRD 161160), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $316MM; 7 private funds, $318MM gross; 15 employees.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are venture capital funds. Regulatory assets on the same filing: $316MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$318MMApr 20267
OMX Ventures
Venture capital firm, Lincolnshire.
Detail and sources for OMX Ventures

Form ADV of OMX Ventures, LLC (CRD 313397), exempt reporting adviser, filed , main office Lincolnshire, IL: 2 private funds, $253MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$253MMMar 20262
Orbital Ventures Management
Venture capital firm, Chicago.
Detail and sources for Orbital Ventures Management

Form ADV of Orbital Ventures Management, LLC (CRD 307080), exempt reporting adviser, filed , main office Chicago, IL: 4 private funds, $203MM gross.

Tied to this row by the CRD the list cites from the filing.

All 4 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$203MMMar 20264
Origin Ventures Group
Venture capital firm, Lake Forest.
Detail and sources for Origin Ventures Group

Form ADV of Origin Ventures Group, LLC (CRD 283371), exempt reporting adviser, filed : 19 private funds, $347MM gross.

Tied to this row by the CRD the list cites from the filing.

Of its 19 private funds, 18 are venture capital funds; the others: 1 of other kinds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$347MMMar 202619
Pace Healthcare Capital Management
Venture capital firm, Chicago.
Detail and sources for Pace Healthcare Capital Management

Form ADV of Pace Healthcare Capital Management, LLC (CRD 337380), exempt reporting adviser, filed , main office Chicago, IL: 7 private funds, $34MM gross.

Tied to this row by the CRD the list cites from the filing.

All 7 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$34MMMar 20267
Permanent Capital Ventures Management
Venture capital firm, Chicago.
Detail and sources for Permanent Capital Ventures Management

Form ADV of Permanent Capital Ventures Management, LLC (CRD 331374), exempt reporting adviser, filed , main office Chicago, IL: 1 private fund, $152MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$152MMMar 20261
R7 Partners
Venture capital firm, Chicago.
Detail and sources for R7 Partners

Form ADV of R7 Partners Management, LLC (CRD 299385), exempt reporting adviser, filed , main office Chicago, IL: 10 private funds, $129MM gross.

Tied to this row by the CRD the list cites from the filing.

All 10 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$129MMSep 202610
Riverwalk Capital Partners
Venture capital firm, Chicago.
Detail and sources for Riverwalk Capital Partners

Form ADV of Riverwalk Capital Partners, LLC (CRD 328320), SEC registered adviser, filed , main office Chicago, IL: regulatory assets $16MM; 1 private fund, $16MM gross; 6 employees.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. Regulatory assets on the same filing: $16MM (Item 5.F), not ranked.

Files: SEC Form ADV.

$16MMApr 20261
Sandbox Industries
Venture capital firm, Chicago.
Detail and sources for Sandbox Industries

Form ADV of 213 Management, LLC (CRD 300952), exempt reporting adviser, filed , main office Chicago, IL: 5 private funds, $856MM gross.

Tied to this row by the CRD the list cites from the filing.

A second adviser lists the same website on its Form ADV: Sandbox Holdings, LLC (CRD 167419), filed , main office Chicago, IL: private funds $457MM gross. Shown here only, never ranked or summed.

A second adviser lists the same website on its Form ADV: Sandbox Investment Management, LLC (CRD 163451), filed , main office Chicago, IL: private funds $125MM gross. Shown here only, never ranked or summed.

All 5 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption. A second adviser of the same business, Sandbox Investment Management, LLC, files its own Form ADV: $125MM in private fund gross assets (March 2026), not added. A second adviser of the same business, Sandbox Holdings, LLC, files its own Form ADV: $457MM in private fund gross assets (March 2026), not added.

Files: SEC Form ADV.

$856MMMar 20265
Sisu Management
Venture capital firm, St. Barrington.
Detail and sources for Sisu Management

Form ADV of Sisu Management LLC (CRD 335577), exempt reporting adviser, filed , main office St. Barrington, IL: 2 private funds, $56MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$56MMMay 20262
Snak Venture Partners Management
Venture capital firm, Chicago.
Detail and sources for Snak Venture Partners Management

Form ADV of Snak Venture Partners Management, LLC (CRD 333773), exempt reporting adviser, filed : 1 private fund, $48MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$48MMMar 20261
Sprig Equity Management
Venture capital firm, Wilmette.
Detail and sources for Sprig Equity Management

Form ADV of Sprig Equity Management, LLC (CRD 331022), exempt reporting adviser, filed , main office Wilmette, IL: 4 private funds, $55MM gross.

Tied to this row by the CRD the list cites from the filing.

Of its 4 private funds, one is a venture capital fund; the others: 3 of other kinds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$55MMMar 20264
Starting Line
Venture capital firm, Chicago.
Detail and sources for Starting Line

Form ADV of The Starting Line Management, LLC (CRD 318174), exempt reporting adviser, filed , main office Chicago, IL: 14 private funds, $122MM gross.

Tied to this row by the CRD the list cites from the filing.

All 14 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$122MMMar 202614
Technexus
Venture capital firm, Chicago.
Detail and sources for Technexus

Form ADV of Technexus LLC (CRD 338101), exempt reporting adviser, filed , main office Chicago, IL: 9 private funds, $96MM gross.

Tied to this row by the CRD the list cites from the filing.

All 9 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$96MMMar 20269
True North Management Partners
Venture capital firm, Westmont.
Detail and sources for True North Management Partners

Form ADV of True North Management Partners, LLC (CRD 162715), exempt reporting adviser, filed , main office Westmont, IL: 2 private funds, $375MM gross.

Tied to this row by the CRD the list cites from the filing.

All 2 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$375MMMay 20262
UA1 Management Company
Venture capital firm, Winnetka.
Detail and sources for UA1 Management Company

Form ADV of UA1 Management Company, LLC (CRD 343523), exempt reporting adviser, filed : 1 private fund, $51MM gross.

Tied to this row by the CRD the list cites from the filing.

Its one private fund is a venture capital fund. It files as an exempt reporting adviser under the venture capital fund adviser exemption. Placed by the city of its main office on its SEC record, since its Form ADV withholds the address as a residence.

Files: SEC Form ADV.

$51MMJul 20261
Vestedworld
Venture capital firm, Chicago.
Detail and sources for Vestedworld

Form ADV of VW Management Co., LLC (CRD 174489), exempt reporting adviser, filed , main office Chicago, IL: 10 private funds, $40MM gross.

Tied to this row by the CRD the list cites from the filing.

1 private offering notice since October 2024 by 1 fund or vehicle named for the firm, latest by VestedWorld Rising Star Fund, L.P., as the notice names it.

All 10 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV, Form D notices of funds named for it.

$40MMMar 2026101
Volta Energy Technologies
Venture capital firm, Naperville.
Detail and sources for Volta Energy Technologies

Form ADV of Volta Energy Technologies, LLC (CRD 307947), exempt reporting adviser, filed , main office Naperville, IL: 13 private funds, $244MM gross.

Tied to this row by the CRD the list cites from the filing.

All 13 of its private funds are venture capital funds. It files as an exempt reporting adviser under the venture capital fund adviser exemption.

Files: SEC Form ADV.

$244MMMar 202613

Fund assets are the gross assets of the private funds in the adviser's latest Form ADV (solid bar; grey when the firm is not in the totals). Listed stocks are the US listed securities a firm reports each quarter; fund offerings count the private offering notices of funds named for the firm in two years. Each pin opens the filing behind the figure. The square beside a name opens every figure with its filing and notes.

One firm holds 44% of the money

Six findings from the filings of the 53 firms counted.

  1. 44%

    of the $23.9 billion the 53 firms counted report is one firm's: Arch Venture Partners. Without it, the other 52 report $13.4 billion.

    Fund assets, latest Form ADV of each; sums of filed figures

  2. $122MM

    is the median: half of the 53 report less, and 50 report under $1 billion.

    Fund assets, latest Form ADV of each

  3. 388

    private funds are advised by the firms counted; Hyde Park Angels advises the most, 41.

    Private funds on each Form ADV (Schedule D); sums of filed figures

  4. $1.1BN

    of US listed stocks reported by 1 firm counted for a 2026 quarter; the largest, Arch Venture Partners, reported $1.1 billion.

    Quarterly listed stock reports (Form 13F), 2026

  5. 9

    private offering notices in two years were filed by funds and vehicles named for 3 firms; New Stack leads with 6.

    Private offering notices, to

  6. 38

    of the 53 have their main office in Chicago; the next place is Evanston, with 2.

    Main office on each Form ADV

Questions

How many venture capital firms are there in Chicago?

This list holds 53 venture capital firms in the Chicago metro; 53 of them report private fund gross assets on Form ADV, $23.9 billion together.

What are the largest venture capital firms in Chicago?

By the private fund gross assets they report: Arch Venture Partners $10.5 billion, Energize Capital $1.7 billion, Cleveland Avenue Advisers $1.4 billion, Sandbox Industries $856 million, Lightbank $839 million.

How much do venture capital firms in Chicago typically manage?

Of the 53 that report, the median reports $122 million in private fund gross assets; 50 report under $1 billion.

How do you start a relationship with venture capital firms in Chicago?

Each firm on this page links to its own website, and each figure carries a pin that opens the public filing it comes from. For fund managers and companies raising capital, Praxis Rock runs capital formation programs; see Raise Capital.

Sources and method

Who is listed
53 venture capital firms, 53 are venture capital firms, as researched for this list; no row leaves the list.
Ranking rule
The top 10, every total, share and median, the charts and the answers to the questions use one set: the 53 advisers that report private fund gross assets in their latest SEC Form ADV, with a main office in the Chicago metro, that the filing itself ties to the row (the CRD the list cites, or the row's own website in Item 1.I), one figure per adviser. A name match with no such tie is shown in the row's detail only, never ranked or counted.
Our arithmetic
The $23.9BN, the median, shares, charts and boards are sums and medians of filed numbers over that one set; 0 firms with a figure outside it stay listed with the figure and the reason.
Pins
Each figure's pin opens the filing it comes from: the adviser's Form ADV as filed, or the SEC filing index of its 13F report or of the latest private offering notice (Form D). The pin's label names the source and its date.
What we searched
On we searched every firm by its website against the websites advisers list on Form ADV, by the CRD the list cites, by name for Form ADV, and by every CIK found for 13F reports, and searched private offering notices for funds named for it. Of the 53, 53 report on a current Form ADV, 1 file 13F reports (1 for a 2026 quarter with a value), 3 have funds named for them in private offering notices, and 0 more show a possible match by name only in their detail, not counted.
Words
Kinds and interests are each firm's own, from its website. No person names are shown.
Sources and dates
FigureSourcePeriod, read
Assets, private funds, client types, main office, employeesSEC Form ADV adviser data, October 2026 report, and each adviser's Form ADV as filed, 53 advisersFilings to 2026-10-01; read 2026-10-31
Listed stocksSEC EDGAR Form 13F, 1 filersLatest quarter; read 2026-10-31
Private offering notices of funds named for a firmSEC EDGAR full text search, Form D and D/A2024-10-31 to 2026-10-31
Kind, interests and websiteEach firm's own website, as researched for this listChecked 2026-10-31
LogosEach firm's own website; a monogram where none checksRead 2026-10-31

Cite as: Praxis Rock Advisors, "Venture Capital Firms in Chicago," updated November 1, 2026, praxisrock.com/resources/investors/vc-firms-chicago

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