# Illinois Ventures: portfolio, investments and team > Illinois Ventures is a government based in United States. 24 investments on record, 1 in the last 12 months, latest Feb 2026. Source: https://millionrounds.com/fund/illinois-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Illinois Ventures Last cheque observed Feb 2026; 24 cheques on record. Email Deploying now New fund $24M, Oct 2024 Government Pre-seed Seed Series A Deep_tech Biotech Agtech Follow Illinois Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fillinois-ventures) Deploying now **100%** of best year **1** **cheques in 12 months**, 24 on record Since the last cheque **270** days **00** hrs **00** min **00** sec Median round **$10M** Rounds led **0 of 24** Sole investor **1 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%** Pitch Illinois Ventures ## Illinois Ventures highlights - 01 1 cheques in the last 12 months - 02 Mostly Series A and Seed: 59% of its rounds - 03 Sole investor in 1 rounds, median $100K - 04 3 exits from the portfolio ## What they do > Seed and Series A investments in a variety of Deep Tech Sectors From their own website - **Type:** Government (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO - **Sectors:** Deep_tech Biotech Agtech - **Based in:** Chicago, United States - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **24 appearances** - **2026** 1 round - **Feb** **[Samara Aerospace](https://millionrounds.com/company/samara-aerospace)** Seed · US · Monte Carlo Capital **$10M** With 3 others - **2015** 2 rounds - **Feb** **[Persio](https://millionrounds.com/company/persio)** Series A · US **$2.5M** With 4 others - **Jan** **[Chromatin](https://millionrounds.com/company/chromatin)** Series F · US **$12M** With 1 other - **2014** 3 rounds - **Dec** **[Revenew](https://millionrounds.com/company/revenew)** Venture · US **$2.6M** With 3 others - **Sept** **[Rithmio](https://millionrounds.com/company/rithmio)** Seed · US **$650K** With 5 others - **Jan** **[Chromatin](https://millionrounds.com/company/chromatin)** Series E · US **$36M** With 3 others - **2013** 4 rounds - **Nov** **[Phi Optics](https://millionrounds.com/company/phi-optics)** Seed · US · finsmes.com **$250K** With 2 others - **Oct** **[Revenew](https://millionrounds.com/company/revenew)** Series B · US · finsmes.com **$5.0M** With 2 others - **Oct** **[Persio](https://millionrounds.com/company/persio)** Series A · US · finsmes.com **$3.0M** With 5 others - **Mar** **[ShareThis](https://millionrounds.com/company/sharethis)** Series C · US · allthingsd.com **$23M** With 7 others - **2012** 1 round - **May** **[Adrenaline Mobility](https://millionrounds.com/company/adrenaline-mobility)** Seed · US **$100K** Sole investor - **2011** 5 rounds - **Oct** **[Chromatin](https://millionrounds.com/company/chromatin)** Series D · US · finsmes.com **$10M** With 3 others - **Aug** **[Personify Inc](https://millionrounds.com/company/personify-inc)** Series A · US · fis.dowjones.com **$2.0M** With 2 others - **Jul** **[Caterva](https://millionrounds.com/company/caterva)** Seed · US · news.yahoo.com **$1.2M** With 2 others - **Jun** **[Semprius](https://millionrounds.com/company/semprius)** Series C · US · finsmes.com **$20M** With 5 others - **Mar** **[Local Offer Network](https://millionrounds.com/company/local-offer-network)** Series A · US · localoffernetwork.com **$1.5M** With 1 other - **2009** 1 round - **Jun** **[Semprius](https://millionrounds.com/company/semprius)** Series B · US · greentechmedia.com **$6.4M** With 5 others - **2008** 2 rounds - **Nov** **[TetraVitae Bioscience](https://millionrounds.com/company/tetravitae-bioscience)** Series A · US **$6.3M** With 2 others - **Jan** **[RiverGlass, Inc.](https://millionrounds.com/company/riverglass-inc)** Venture · US · venturebeat.com **$2.4M** With 2 others - **2007** 4 rounds - **Jul** **[Semprius](https://millionrounds.com/company/semprius)** Series A · US · semprius.com **$4.1M** With 3 others - **Feb** **[RiverGlass, Inc.](https://millionrounds.com/company/riverglass-inc)** Series B · US · riverglassinc.com **$4.0M** With 3 others - **Jan** **[Radio One Llama](https://millionrounds.com/company/radio-one-llama)** Series A · US · en.wikipedia.org **$1.0M** With 1 other - **Jan** **[ShareThis](https://millionrounds.com/company/sharethis)** Series A · US · techcrunch.com **$6.0M** With 4 others - **2005** 1 round - **Apr** **[MOBITRAC](https://millionrounds.com/company/mobitrac)** Venture · US · thefreelibrary.com **$8.3M** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **5 named** DP **Deborah Paul** Director i Filing they signed DH **Dennis Hesch** Director i Filing they signed MT **Michael Tokarz** Director i Filing they signed NS **Nancy Sullivan** Managing Principal i Filing they signed TL **Todd Lillibridge** Director i Filing they signed We also hold **19** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **32** of 54 we have independently watched raise [Actuate Therapeutics](https://millionrounds.com/company/actuate-therapeutics)[Amber Agriculture](https://millionrounds.com/company/amber-agriculture)[Aptimmune](https://millionrounds.com/company/aptimmune)[Cadenza Bio](https://millionrounds.com/company/cadenza-bio)[Cast21](https://millionrounds.com/company/cast21)[Climecast](https://millionrounds.com/company/climecast)[Coologics](https://millionrounds.com/company/coologics)[CranioSense](https://millionrounds.com/company/craniosense)[EarthSense](https://millionrounds.com/company/earthsense)[Eden Park Illumination](https://millionrounds.com/company/eden-park-illumination)[Excelsior Sciences](https://millionrounds.com/company/excelsior-sciences)[Inventables](https://millionrounds.com/company/inventables)[Natrion](https://millionrounds.com/company/natrion)[Network Perception](https://millionrounds.com/company/network-perception)[Ocient](https://millionrounds.com/company/ocient)[Petrichor](https://millionrounds.com/company/petrichor)[Phi Optics](https://millionrounds.com/company/phi-optics)[Photon Queue](https://millionrounds.com/company/photon-queue)[Photonicare](https://millionrounds.com/company/photonicare)[Psyonic](https://millionrounds.com/company/psyonic)[Reconstruct](https://millionrounds.com/company/reconstruct)[Revolution Medicines](https://millionrounds.com/company/revolution-medicines)[Samara Aerospace](https://millionrounds.com/company/samara-aerospace)[Senex Biotechnology](https://millionrounds.com/company/senex-biotechnology)[ShareThis](https://millionrounds.com/company/sharethis)[Skyryse](https://millionrounds.com/company/skyryse)[Tiesta Tea](https://millionrounds.com/company/tiesta-tea)[Top Tier Lessons](https://millionrounds.com/company/top-tier-lessons)[Vanquish Oncology](https://millionrounds.com/company/vanquish-oncology)[VedaBio](https://millionrounds.com/company/vedabio)[Worktrace AI](https://millionrounds.com/company/worktrace-ai)[cystetic Medicines](https://millionrounds.com/company/cystetic-medicines) Apriority Ascent Integrated Tech Auvi Labs BYLD Innovations Beyond Barriers Therapeutics Brink Biologics Campus Ink DeepWalk FirstIgnite Integrated Dynamics KeywiseAI Madison Scientific Mesh++ Pathlit.AI Rectangle Resolv Crypto RetMap Revivio Therapeutics Sakura MedTech Serionix Siloam Vision Tandemn Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **3 in all** **[Local Offer Network](https://millionrounds.com/company/local-offer-network)** Bought by Catalina Marketing **Undisclosed** Oct 2013 **[TetraVitae Bioscience](https://millionrounds.com/company/tetravitae-bioscience)** Bought by [Eastman Chemical Company](https://millionrounds.com/fund/eastman-chemical-company) **Undisclosed** Nov 2011 **[MOBITRAC](https://millionrounds.com/company/mobitrac)** Bought by TrackX **Undisclosed** Sept 2006 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$24M** raised in Oct 2024 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Series A Median round joined **$10M** the round, not its cheque Alone, median **$100K** Led 0 of 24 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Feb 2026 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Series A said *8* - Seed said *5* - Venture *3* - Series B said *3* - Series C *2* - Series D *1* - Pre-seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [RPM Ventures](https://millionrounds.com/fund/rpm-ventures) 5 - [Serra Ventures](https://millionrounds.com/fund/serra-ventures) 5 - [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) 3 - [Applied Ventures](https://millionrounds.com/fund/applied-ventures) 3 - [Hyde Park Venture Partners](https://millionrounds.com/fund/hyde-park-venture-partners) 3 - [Intersouth Partners](https://millionrounds.com/fund/intersouth-partners) 3 **Pitching Illinois Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Illinois Ventures. A count of rooms they were both in, not a relationship either has claimed. [**RPM Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/rpm-ventures)[**Serra Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/serra-ventures)[**ARCH Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/arch-venture-partners)[**Applied Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/applied-ventures)[**Hyde Park Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/hyde-park-venture-partners)[**Intersouth Partners** VC firm **3** rounds together](https://millionrounds.com/fund/intersouth-partners)[**Allos Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/allos-ventures)[**Blue Chip Venture Company** VC firm **2** rounds together](https://millionrounds.com/fund/blue-chip-venture-company)[**Country Insurance & Financial Services** Investment firm **2** rounds together](https://millionrounds.com/fund/country-insurance-and-financial-services)[**Illinois Finance Authority** Investment firm **2** rounds together](https://millionrounds.com/fund/illinois-finance-authority)[**In-Q-Tel** Accelerator **2** rounds together](https://millionrounds.com/fund/iqt)[**OCA Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/oca-ventures) ## Recently backed The latest companies Illinois Ventures put money into. [**Samara Aerospace** $10M · Feb 2026](https://millionrounds.com/company/samara-aerospace) ## Quick answers about Illinois Ventures ### What does Illinois Ventures invest in? Illinois Ventures invests most often at Series A and Seed (59% of the rounds on record), in sectors such as Deep_tech, Biotech and Agtech. ### How active is Illinois Ventures? 24 investments on record, 1 of them in the last 12 months. The most recent was in Feb 2026. ### What has Illinois Ventures invested in recently? Its most recent investments on record: Samara Aerospace (Seed, Feb 2026). ### How big are Illinois Ventures's cheques? The median round it joins is $10M. ### Does Illinois Ventures lead rounds? Rarely, if at all: none of its 24 investments on record names it as the lead. ### Where does Illinois Ventures invest? Most of the companies it backs are in the United States (100%). ### Is Illinois Ventures investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Illinois Ventures invest alongside? Most often RPM Ventures (5 rounds together), Serra Ventures (5 rounds together) and ARCH Venture Partners (3 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=illinois-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=illinois-ventures)