Chicago's VC Ecosystem Generated Record Funding and Exit Activity During Pandemic
Chicago's emerging tech and VC ecosystem set new records for both startup funding and exit activity in 2020.Companies across the region raised a record $2.6 billion in fresh funding, while exits generated $2 billion in value.
This installment of Bridge Bank's Markets to Watch series unpacks the top trends that have defined a decade of considerable maturity for Chicago's VC ecosystem. Additionally, the report contains analysis of the momentum behind its sustained strength in 2021.
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Bridge Bank’s Technology Banking Group, a national banking group within Western Alliance Bank, Member FDIC, delivers flexible financial solutions custom-built for technology companies at every stage of growth, wherever innovation is leading the way. Clients nationwide benefit from the group’s deep industry knowledge, commitment to customer relationships and exceptionally responsive service: The Smarter Banking Choice for Growing Technology Companies®. Bridge Bank is part of Western Alliance Bancorporation, which has more than $70 billion in assets. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director.
