Chicago tech and startup companies raised at least $164 million in venture capital throughout the month of January, according to data compiled by Chicago Inno.
January’s fundings were led by ActiveCampaign’s “mega round” of $100 million. It was followed by Clearcover, which raised $50 million.
January’s fundings point to a strong start for venture capital activity in Chicago. Local companies ended 2019 on a slower note, raising only $36 million in December. However, across the entire year, Chicago venture funding hit a decade high, with VC funding surpassing $2 billion in 2019.