# Construction investors based in Chicago (2026 list)

> 25 construction investors based in Chicago, 96% active in the last 12 months. Led by Alumni Ventures, Valor Equity Partners, CMT Digital.

Source: https://millionrounds.com/lists/construction-investors-based-in-chicago (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Construction investors based in Chicago

Updated 7 November 2026

Firms with an address in Chicago that we have watched back a construction company in the last two years.

[See all 25 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-based-in-chicago)The top 25

**25** investors on the list No change this week

**525** cheques in 12 months *-4%* against the market

**$16M** median round they joined *+100%* against the market median

**96%** wrote a cheque in 12 months

**68%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen
- 2 [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) *Deploying now* VC firm · United States **261** **$50M** median round **Nov 2026** last seen
- 3 [CMT Digital](https://millionrounds.com/fund/cmt-digital) *Deploying now* VC firm · United States **156** **$7M** median round **Oct 2026** last seen
- 4 [Hyde Park Venture Partners](https://millionrounds.com/fund/hyde-park-venture-partners) *Deploying now* VC firm · United States **132** **$5.5M** median round **May 2026** last seen
- 5 [Jump Capital](https://millionrounds.com/fund/jump-capital) *Deploying now* VC firm · United States **128** **$11M** median round **Oct 2026** last seen
- 6 [Chicago Ventures](https://millionrounds.com/fund/chicago-ventures) *Deploying now* VC firm · United States **116** **$5.8M** median round **Oct 2026** last seen
- 7 [M25](https://millionrounds.com/fund/m25) *Deploying now* VC firm · United States **115** **$2.2M** median round **Sept 2026** last seen
- 8 [S2G Investments](https://millionrounds.com/fund/s2g-investments) *Deploying now* Growth equity · United States **102** **$16M** median round **Oct 2026** last seen
- 9 [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) *Deploying now* VC firm · United States **64** **$13M** median round **Oct 2026** last seen
- 10 [Blue Owl](https://millionrounds.com/fund/blue-owl) *Deploying now* Asset manager · United States **59** **$189M** median round **Oct 2026** last seen
- 11 [New Stack Ventures](https://millionrounds.com/fund/new-stack-ventures) *Deploying now* VC firm · United States **53** **$3.3M** median round **Jun 2026** last seen
- 12 [Sfermion](https://millionrounds.com/fund/sfermion) *Deploying now* VC firm · United States **44** **$5M** median round **Jan 2026** last seen
- 13 [Victory Park Capital Advisors](https://millionrounds.com/fund/victory-park-capital) *Deploying now* Private equity · United States **38** **$100M** median round **Nov 2026** last seen
- 14 [CME Ventures](https://millionrounds.com/fund/cme-group) *Deploying now* Corporate VC · United States **20** **$34M** median round **Jun 2026** last seen
- 15 [Peak 6](https://millionrounds.com/fund/peak-6) *Deploying now* Corporate VC · United States **12** **$20M** median round **Aug 2026** last seen
- 16 [William Blair](https://millionrounds.com/fund/william-blair) *Deploying now* Hedge fund · United States **12** **$355M** median round **Jun 2026** last seen
- 17 [G Squared](https://millionrounds.com/fund/g-squared) *Deploying now* VC firm · United States **10** **$318M** median round **Sept 2026** last seen
- 18 [DRW](https://millionrounds.com/fund/drw) *Deploying now* VC firm · United States **9** **$22M** median round **Oct 2026** last seen
- 19 [Neuberger Berman](https://millionrounds.com/fund/neuberger-berman) *Deploying now* Private equity · United Arab Emirates **6** **$283M** median round **Sept 2026** last seen
- 20 [TWG Global](https://millionrounds.com/fund/twg-global) *Deploying now* Growth equity · United States **4** **$425M** median round **Apr 2026** last seen
- 21 [Intercontinental Exchange](https://millionrounds.com/fund/intercontinental-exchange) *Deploying now* Corporate VC · United States **4** **$311M** median round **Sept 2026** last seen
- 22 [Harper Court Ventures](https://millionrounds.com/fund/harper-court-ventures) *Deploying now* VC firm · United States **3** **$3M** median round **Oct 2026** last seen
- 23 [Kirkland & Ellis](https://millionrounds.com/fund/kirkland-and-ellis) *Deploying now* Corporate VC · United States **2** **$38M** median round **Oct 2026** last seen
- 24 [Belvedere Strategic Capital](https://millionrounds.com/fund/belvedere-strategic-capital) quiet VC firm · United States **1** **$4.5M** median round **Jul 2025** last seen
- 25 [Skydeck Capital](https://millionrounds.com/fund/skydeck-capital) *Deploying now* Family office · United States **1** **$10M** median round **Apr 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[Billd](https://millionrounds.com/company/billd)** Debt · $100M *Led by* [Victory Park Capital Advisors](https://millionrounds.com/fund/victory-park-capital)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners)
- **2** Nov **[Larridin](https://millionrounds.com/company/larridin)** Series A · $30M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **29** Oct **[NexGen Cloud](https://millionrounds.com/company/nexgen-cloud)** Debt · $106M *With* [Victory Park Capital Advisors](https://millionrounds.com/fund/victory-park-capital)

## Stages This Year

506 rounds

- Venture **20%**
- Series A **17%**
- Seed **15%**
- Series B **12%**
- Debt **8%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **196**
- Fintech **35**
- Energy **32**
- Biotech **30**
- Big Data & Analytics **28**
- Construction **27**

## Cheques by Quarter

Led Joined

160 Q1 25

132 Q2 25

141 Q3 25

166 Q4 25

175 Q1 26

128 Q2 26

135 Q3 26

28 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors based in San Francisco 353](https://millionrounds.com/lists/ai-investors-based-in-san-francisco)
- [AI investors based in New York 345](https://millionrounds.com/lists/ai-investors-based-in-new-york)
- [Seed investors based in San Francisco 273](https://millionrounds.com/lists/seed-investors-based-in-san-francisco)
- [Series A investors based in San Francisco 266](https://millionrounds.com/lists/series-a-investors-based-in-san-francisco)
- [Series A investors based in New York 255](https://millionrounds.com/lists/series-a-investors-based-in-new-york)
- [Seed investors based in New York 227](https://millionrounds.com/lists/seed-investors-based-in-new-york)
- [AI investors based in London 223](https://millionrounds.com/lists/ai-investors-based-in-london)
- [Series B investors based in New York 198](https://millionrounds.com/lists/series-b-investors-based-in-new-york)
- [Fintech investors based in New York 197](https://millionrounds.com/lists/fintech-investors-based-in-new-york)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about construction investors based in Chicago

### Who are the most active construction investors based in Chicago?

By cheques observed, the most active are Alumni Ventures, Valor Equity Partners, CMT Digital, Hyde Park Venture Partners and Jump Capital.

### How many construction investors based in Chicago are there?

25 are on record. 96% made an investment in the last 12 months and 68% have led a round.

### Which stages do construction investors based in Chicago back?

Of the rounds with a named stage in the last 12 months, mostly Series A (24%) and Seed (21%).

### How big are the rounds construction investors based in Chicago join?

The typical (median) round among the leading investors here is $16M.

### Which sectors do construction investors based in Chicago back most?

In the last 12 months, mostly AI, Fintech and Energy.

### Which construction investors based in Chicago lead the most rounds?

Valor Equity Partners (21 led), Jump Capital (7 led) and CMT Digital (5 led).

### What have construction investors based in Chicago invested in recently?

Recent rounds include firmly (Series A, Nov 2026, with Alumni Ventures), RadianX (Seed, Nov 2026, with Alumni Ventures) and Billd (Debt, Nov 2026, with Victory Park Capital Advisors).

### How is this list of construction investors based in Chicago ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)