Chicago's VC Ecosystem Generated Record Funding and Exit Activity During Pandemic
June 22, 2021
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.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored business banking solutions throughout the Bay Area and has specialized expertise, focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. As part of $65 billion Western Alliance Bancorporation — ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director — Bridge Bank has the reach, resources and deep industry knowledge that make a difference for customers.