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Illinois

State · United States · Pop. 12.7M · #22 region by EV

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2,232 Pool of Funded Startups
New Startups
653 Annual Startups FoundedAll new ventures
202 Annual Startups FundedReceived investment
get funded 31%
1,705Startups
669 Pre-Seed Startups$100K–1M
542 Seed Startups$1–4M
Pre-Seed to Seed 31%
494 Series A Startups$4–15M
Seed to Series A 31%
415Breakouts
257 Series B Breakouts$15–40M
A to Series B 37%
158 Series C Breakouts$40–100M
B to Series C 50%
112Scaleups
75 Mega Scaleups$100–250M
reach Mega 3.4%
37 Mega+ Scaleups$250M+
reach Mega+ 1.7%
53Valuation Outcomes
48 Unicorns($1–10B valuation)
reach Unicorn 2.2%
5 Decacorns($10–100B valuation)
reach Decacorn 0.22%
Pre-Seed
669
Seed
542
Series A
494
Series B
257
Series C
158
Unicorn
48
Decacorn
5

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Largest rounds

Largest funding rounds in Illinois

A live treemap of the largest VC rounds. Each cell is one round into Illinois-headquartered companies, grouped by Dealroom sector.

Largest rounds in Illinois - 2026

Every $15M+ VC round into Illinois-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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VC investment

How much venture capital flows into Illinois

VC investment into Illinois-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Illinois's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Illinois.

University-linked startup formation
220
University spinouts
4,282
Total alumni-founded companies
2,483
Of which startups (<$15M raised)
1,281
Breakouts ($15M-100M)
518
Scaleups ($100M+)
Top universities producing founders tied to Illinois
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Location comparison

How Illinois stacks up

Compare Illinois with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

Combined enterprise value of each ecosystem.

More data

Explore Dealroom data →
Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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