Illinois Innovation Venture Fund

Illinois Innovation Venture Fund

Springfield, Illinoisillinois.gov

Overview

Illinois Innovation Venture Fund is a 2024 vintage venture capital fund that makes direct equity investments in Illinois-based startups, with a focus on sectors including agriculture, agtech, information technology, life sciences, and manufacturing. The fund is administered by the Illinois Department of Commerce and Economic Opportunity and prioritizes support for small businesses and founders from socially and economically disadvantaged backgrounds.

Year Founded

2024

Portfolio Companies

2

Investments

CompanyDateStageLead
ClostraBio, Inc.Mar 2025VC RoundCo-investor
EeroQ Quantum HardwareApr 2024SeedCo-investor

Sector & Stage Mix

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SeedSeries ASeries BGrowth

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Investment Activity

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2021
2022
2023
2024
2025
2026

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Firmographic Details

HeadquartersSpringfield, Illinois
Year Founded2024

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