# Cybersecurity investors based in Chicago (2026 list) > 22 cybersecurity investors based in Chicago, 91% active in the last 12 months. Led by Alumni Ventures, Valor Equity Partners, Lightbank. Source: https://millionrounds.com/lists/cybersecurity-investors-based-in-chicago (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Cybersecurity investors based in Chicago Updated 7 November 2026 Firms with an address in Chicago that we have watched back a cybersecurity company in the last two years. [See all 22 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcybersecurity-investors-based-in-chicago)The top 22 **22** investors on the list *+1* this week **499** cheques in 12 months *-10%* against the market **$7M** median round they joined *-12%* against the market median **91%** wrote a cheque in 12 months **68%** have led a round ## The Top 22 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 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 [Lightbank](https://millionrounds.com/fund/lightbank) *Deploying now* VC firm · United States **206** **$5.5M** median round **Oct 2026** last seen - 4 [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) *Deploying now* VC firm · United States **188** **$70M** median round **Oct 2026** last seen - 5 [CMT Digital](https://millionrounds.com/fund/cmt-digital) *Deploying now* VC firm · United States **156** **$7M** median round **Oct 2026** last seen - 6 [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 - 7 [Jump Capital](https://millionrounds.com/fund/jump-capital) *Deploying now* VC firm · United States **128** **$11M** median round **Oct 2026** last seen - 8 [M25](https://millionrounds.com/fund/m25) *Deploying now* VC firm · United States **115** **$2.2M** median round **Sept 2026** last seen - 9 [Origin Ventures](https://millionrounds.com/fund/origin-ventures) *Deploying now* VC firm · United States **93** **$7.5M** median round **Oct 2026** last seen - 10 [Motorola Solutions Venture Capital](https://millionrounds.com/fund/motorola-solutions-venture-capital) *Deploying now* Corporate VC · United States **60** **$58M** median round **Jul 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 [Motivate Venture Capital](https://millionrounds.com/fund/motivate-venture-capital) *Deploying now* VC firm · United States **50** **$3.7M** median round **Nov 2026** last seen - 13 [Sfermion](https://millionrounds.com/fund/sfermion) *Deploying now* VC firm · United States **44** **$5M** median round **Jan 2026** last seen - 14 [TechNexus Venture Collaborative](https://millionrounds.com/fund/technexus-venture-collaborative) *Deploying now* Accelerator · United States **40** **$3.4M** median round **Jan 2026** last seen - 15 [VitalizeVC](https://millionrounds.com/fund/vitalize-venture-capital) *Deploying now* VC firm · United States **40** **$4.8M** median round **Jul 2026** last seen - 16 [G Squared](https://millionrounds.com/fund/g-squared) *Deploying now* VC firm · United States **10** **$318M** median round **Sept 2026** last seen - 17 [PSP Growth](https://millionrounds.com/fund/psp-growth) *Deploying now* Private equity · United States **9** **$60M** median round **Nov 2026** last seen - 18 [Thoma Bravo](https://millionrounds.com/fund/thoma-bravo) *Deploying now* Private equity · United States **6** **$70M** median round **Feb 2026** last seen - 19 [u.ventures](https://millionrounds.com/fund/u-ventures-2) *Deploying now* VC firm · United States **3** **$2.9M** median round **Aug 2026** last seen - 20 [Marquee Ventures](https://millionrounds.com/fund/marquee-ventures) *Deploying now* VC firm · United States **2** **$230M** median round **Mar 2026** last seen - 21 [Belvedere Strategic Capital](https://millionrounds.com/fund/belvedere-strategic-capital) quiet VC firm · United States **1** **$4.5M** median round **Jul 2025** last seen - 22 [OneSpan](https://millionrounds.com/fund/onespan) quiet Investment firm · United States **1** **-** median round **Oct 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [PSP Growth](https://millionrounds.com/fund/psp-growth) - **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 **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Motivate Venture Capital](https://millionrounds.com/fund/motivate-venture-capital) - **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) ## Stages This Year 480 rounds - Venture **22%** - Series A **18%** - Seed **16%** - Series B **11%** - Series C **7%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **196** - Fintech **30** - Big Data & Analytics **30** - Cybersecurity **25** - Energy **25** - Healthcare **24** ## Cheques by Quarter Led Joined 163 Q1 25 149 Q2 25 135 Q3 25 159 Q4 25 169 Q1 26 116 Q2 26 135 Q3 26 23 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 cybersecurity investors based in Chicago ### Who are the most active cybersecurity investors based in Chicago? By cheques observed, the most active are Alumni Ventures, Valor Equity Partners, Lightbank, Adams Street Partners and CMT Digital. ### How many cybersecurity investors based in Chicago are there? 22 are on record. 91% made an investment in the last 12 months and 68% have led a round. ### Which stages do cybersecurity investors based in Chicago back? Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (23%). ### How big are the rounds cybersecurity investors based in Chicago join? The typical (median) round among the leading investors here is $7M. ### Which sectors do cybersecurity investors based in Chicago back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which cybersecurity investors based in Chicago lead the most rounds? Valor Equity Partners (21 led), Jump Capital (7 led) and CMT Digital (5 led). ### What have cybersecurity investors based in Chicago invested in recently? Recent rounds include Ocient (Series C, Nov 2026, with PSP Growth), firmly (Series A, Nov 2026, with Alumni Ventures) and RadianX (Seed, Nov 2026, with Alumni Ventures). ### How is this list of cybersecurity 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)