January 25, 2016
2015 was a pretty good year for Chicago startups. According by the annual Chicago Startup Report released by Built in Chicago, Chicago startups raised 9 percent more funding than they did in 2014 and made 15 percent more money in exits than the previous year.
The infographic below contains a wealth of data on funding and exits of Chicago startups (because, let’s admit, the money is where it’s at). It also illustrates funding trends from the last few years which shows that things have been getting better and better since at least 2012.
“Each year since 2009, Chicago seems to have another ‘best year ever,’” J.B. Pritzker, managing partner and founder of venture capital investment firm the Pritzker Group told Built in Chicago. “The Chicago tech scene matured in 2015 with very impressive capital raises and exits, and I expect that will continue in 2016 and beyond.”
In terms of funding, the most popular industry in 2015 was marketing, advertising, and social media. 20 companies received funding, with edo (raised $20 million) and Centro (raised $30 million) being the two companies that raised the most. FinTech came in 2nd place with 12 companies raising a combined total of over $800 million.
In addition to the record breaking amount of funding that these companies saw, there were also a number of hugely successful exits made in 2015. Some of the most notable were Orbitz (acquired for $1.3B), Trustwave (acquired for $770M), and Shoppertrak (acquired for $175M).
Chicago has always been one of the hotter cities to startup in, and for good reasons. It remains high on the list of tech hubs and with the recent successes illustrated here, it isn’t going anywhere but up.
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