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Chicago VC deals top $1 billion for first time since 2000

Friday, January 12, 2018   (0 Comments)
Posted by: Sandy Thomas
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Venture-capital investments in Chicago topped $1 billion for the first time since the peak of the tech boom in 2000, according to Dow Jones VentureSource.

Chicago-area companies took in $1.53 billion last year, up from $953 million in 2016. The record was set in 2000, when $1.81 billion was raised.

Last year's biggest deal came from Outcome Health, which raised $487 million in the second quarter. Outcome now is being sued by investors, including Goldman Sachs and Pritzker Group, which want their money back. Even excluding Outcome, investments topped the $1 billion mark, according to Dow Jones VentureSource data.

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