These investors are typically interested in backing early-stage companies, betting they can work with entrepreneurs to develop the next big idea -- and jointly profit from the startup’s success.
Below, you will find 17 of the area’s early-stage technology investment firms and examples of their local portfolio companies. The venture capital firms differ widely in their longevity and investing strategies, not to mention the size of their war chests. But for the most part, they are united by their interest in backing homegrown entrepreneurial talent.
Short cuts to specific funds:
Apex Venture Partners | Arch Venture Partners | Baird Venture Partners | Ceres Venture Fund | Excelerate Labs | Firestarter Fund | Hyde Park Venture Partners | I2A Fund | Illinois Ventures | KB Ventures | Leo Capital | Lightbank | MK Capitol | OCA Ventures | Origin Ventures | New World Ventures | Sandbox Industries
BAIRD VENTURE PARTNERS
Founders: BVP is the venture fund of Baird Private Equity
Current (3rd) fund: $170 million (closed 2008)
Invested so far: About $85 million
Typical investment: Up to $10 millionI
Strategy: Business services and healthcare/life sciences companies. Prefers the lead investor position in first or second institutional rounds.
Founder: David Jonas
Description: PharMEDium provides standard and customized drug combinations for intravenous therapies to more than 1,800 hospitals in the U.S. For example, it makes a customized mixture for use in a pump that delivers small amounts of medication to spinal fluid for pain management.
Outlook: PharMEDium is developing innovative technology platforms focusing on improving the quality of patient care delivery. Later this year, PharMEDium will launch a new product for the operating room that provides audio-visual feedback to support the anesthesia provider in verifying drug and concentration selection, as well as support the pharmacy in tracking medication utilization.
Founders: Marc Kiven, Mike Sands and Eric Lunt
Description: BrightTag makes software that gives website owners control over code that is planted by outside marketers to collect users' data and track their preferences.
Founder: Genevieve Thiers
Description: Consumers can use Sittercity's website to find providers of child care, pet care, elder care, housekeeping services and tutoring.
HYDE PARK VENTURE PARTNERS