Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
Chicago’s
investment industry industry,
in focus.
The companies, capital and talent shaping investment industry in Chicago. Find the leaders. Understand the segments. See where the activity is.

An industry ecosystem,
measured in context.
MEET THE COMPANIESExplore Chicago’s investment industry leaders
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
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Explore Chicago’s investment industry leaders
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Company discovery
Recorded evidence onlyExplore the live startup set in Radar
No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.
Explore classified startups in Radar ↗Investment Industry industry KPIs in Chicago
A few useful ratios bring the size of this ecosystem into perspective.
44 of 451 tracked companies have open roles.
20 of 451 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 18 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 84.0% of disclosed capital, while 95.6% of tracked companies have no recorded funding round.
Explore the segments →CAPITAL & COMPANY FORMATIONHow Chicago investment industry has grown
Recorded company formation and disclosed funding across the complete annual series shown.
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How Chicago investment industry has grown
Recorded company formation and disclosed funding across the complete annual series shown.
Disclosed funding by year
Sum of recorded funding rounds · USD
View the numbers
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $30.15M | 16 | 2 |
| 2017 | $33.61M | 16 | 2 |
| 2018 | $0 | 21 | 0 |
| 2019 | $125K | 18 | 1 |
| 2020 | $30M | 27 | 1 |
| 2021 | $225K | 13 | 1 |
| 2022 | $8.81M | 15 | 1 |
| 2023 | $255.75M | 14 | 3 |
| 2024 | $35.38M | 10 | 4 |
| 2025 | $7.28M | 1 | 2 |
Funding concentration
Share of all disclosed company funding.
- Middle River Power58.8%
- NextCapital19.3%
- Concord Financial Advisors5.9%
- Other companies16.0%
Funding by stage
25 recorded rounds since 2016
Investors appearing most often
Recorded participation in investment industry company rounds since 2016.
- 01Manulife 2 rounds
- 02Oak HC/FT 2 rounds
- 03Route 66 Ventures 2 rounds
- 04Goldman Sachs 1 rounds
- 05AllianceBernstein 1 rounds
- 06White Mountains 1 rounds
- 07Fitch Ventures 1 rounds
- 08Russell Investment Group 1 rounds
- 09FinTech Collective 1 rounds
- 010Kelvingrove Partners 1 rounds
Recent recorded rounds
Latest recorded rounds · USDBacked by .
Largest and notable recorded rounds
Each card is one recorded roundBacked by Oak HC/FT and IA Capital Group.
Backed by Oak HC/FT and Manulife and others.
Backed by AllianceBernstein and Route 66 Ventures and others.
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Participating investors were not recorded in this snapshot.
Backed by FinTech Collective and Kelvingrove Partners and others.
Backed by Fitch Ventures.
Participating investors were not recorded in this snapshot.
THE BUSINESS BEHIND THE ACTIVITYRevenue, profitability & financial strength
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Revenue, profitability & financial strength
Annual accounts availability
Exact designated identities and reviewed filing records were checked, but this page has neither a qualifying preview account nor a target cohort meeting the ten-entity aggregate floor.
Web traffic, app reach and release cadence
How the Chicago companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.
Busiest websites
5 of the 451 companies on this page carry a measured traffic record (1.1%); these are the largest of those, by monthly visits. The median among them is 115,282 visits.
| Company | Monthly visits | Authority | Mobile |
|---|---|---|---|
| The Field Museumfieldmuseum.org | 1,049,209 | 52 | 73.7% |
| Lincoln Park Zoolpzoo.org | 246,506 | 52 | 73.9% |
| Muscular Dystrophy Associationmda.org | 115,282 | 55 | 32.3% |
| Lyric Opera of Chicagolyricopera.org | 64,813 | 45 | 38.4% |
| Lincoln Internationallincolninternational.com | 55,059 | 40 | 17.1% |
Visits and authority are third-party web estimates, not company-reported figures.
INSIDE THE INDUSTRYThe Chicago investment industry market map
Explore the segments behind the headline numbers.
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The Chicago investment industry market map
Explore the segments behind the headline numbers.
Where companies are building
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
Segment data unavailable
The largest measured segment in this report snapshot.
0 companies hiring · $0 disclosed funding
Explore in RadarHow companies make money
Common revenue models; a company can use more than one.
THE COMPANIES IN MOTIONWho is listing, hiring leaders, launching and winning work
Recorded corporate activity linked to companies in this landscape.
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Who is listing, hiring leaders, launching and winning work
Recorded corporate activity linked to companies in this landscape.
Recent corporate headlines 10 dated reports
Motorola Solutions has agreed to acquire the land mobile radio networks services business from Bell Canada, a subsidiary of BCE Inc., in a deal valued at CAD $675 million.
Mag Mile Capital, Inc. ... announced that it had successfully arranged $163.5 million in debt financing transactions over the past three months.
Halifax West served as exclusive financial advisor, led the debt market process, and made a minority co-investment alongside Stacker Holdings as part of the transaction.
Accordion has announced the acquisition of FCM
months after rival Blue Owl bought digital infrastructure investor IPI Partners
The private equity firm Linden Capital Partners has acquired hospice provider Agape Care Group from Ridgemont Equity Partners for an undisclosed amount.
Lincoln International, a leading global investment banking advisory firm specializing in private capital markets, is pleased to announce the closing of its acquisition of MarshBerry, a global leader in investment banking and consulting serving the insurance brokerage and wealth & retirement sectors.
Kinzie Capital Partners has acquired Fraser Steel, a Minnesota-based manufacturer of steel tubular products.
Private equity firm Burlington Capital Partners (BCP) has acquired ingredient supplier Sokol & Co., Countryside, Ill., for an undisclosed sum.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financial services firm.
Full recorded event mix
Top 10 categories among 204 recorded events in the 24-month window.
Leadership moves
52 tracked people moves
Appointment Partner, Head of Technology Capital Markets
Appointment Managing Director and Head of Japan, Capital Formation and Currency Solutions
Appointment Managing Director and Head of Sales, Japan
Appointment Senior Advisor
Appointment Vice President
Appointment Managing Director
Appointment Board of Directors
Appointment partner
Product launches
Products, platforms and features in the recorded window
Website
Contract wins
3 recorded customer wins
Customer: psa singaporeInfrastructure
Customer: H.I.G. Capital; PolarDC Group LimitedInfrastructure
Customer: pulsar helium
Regulatory events
1 recorded events
fined for violating audit committee communication rulesPublic Company Accounting Oversight Board (PCAOB)
Litigation
5 tracked suits
Russian sanctions violationCivil · Settled
financial involvement in data center dealsCivil · Filed
Earnings pulse
Reported company results in the recorded window.
Median across 14 reported growth observations; companies may contribute multiple periods.
Mergers and acquisitions
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| Motorola Solutions Venture Capital→bell canada | Announced | 2026-03-28 | Not stated in snapshot |
| Motorola Solutions Venture Capital→exacom | Announced | 2026-03-17 | Not stated in snapshot |
| Lincoln International→marshberry | Completed | 2026-01-30 | Not stated in snapshot |
| Stacker Holdings→advanced irrigation | Announced | 2026-01-29 | Not stated in snapshot |
| accordion→FCM ↗ | Announced | 2026-01-26 | Not stated in snapshot |
| Motorola Solutions Venture Capital→silvus technologies | Announced | 2025-12-31 | $4.4B |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
PEOPLE & OPPORTUNITYThe talent market
1,441 postings in the preceding 12 months. The full 2,628-posting snapshot covers 40 employers.
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The talent market
1,441 postings in the preceding 12 months. The full 2,628-posting snapshot covers 40 employers.
Most advertised job titles
8 tracked postings mention remote work.
The seniority mix
1,800 postings specify a level.
Skills employers mention
Top skills across 2,628 tracked postings in the available jobs snapshot.
Median across 345 postings with pay data, expressed in USD.
Salary by seniority
Advertised posting medians do not describe all employees or roles.
Companies hiring
Large employers
| Company | Employees |
|---|---|
| Heico Companies ↗ | 5,405 |
| Muscular Dystrophy Association ↗ | 1,101 |
| The Field Museum ↗ | 913 |
| 1871 ↗ | 719 |
| Shedd Aquarium ↗ | 570 |
| Sidley ↗ | 560 |
| Lincoln International ↗ | 385 |
| Feeding America ↗ | 332 |
THE PEOPLE BUILDING THE FIELDFounders and leaders
492 founders and chief executives across 302 companies.
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Founders and leaders
492 founders and chief executives across 302 companies.
Andrea Joselit
Concord Financial Advisors ↗Andrea Joselit Consulting, ex-Banc of America Capital Investors, Energy & Minerals Group. University of Michigan BA 1989
Maxwell Hoshino
Saratoga Realty Investors ↗Founder Alta Asset Management, VP Glenwood Capital Management & Carr Futures, Nikko Securities International. Harvard University MPA 1990…
Nicholas Riddle
Guggenheim Securities ↗JPMorgan Chase, ex-Precision BioSciences, York Capital Management. University of Cambridge MA, PHD 2008
Brian Conroy
Bixby Research ↗Ex-Credit Suisse, CIT Capital Securities. University of Notre Dame 2005
Mark Thierer
Assetblue Investment Group ↗Co-Founder & CEO Waltz Health · Co-Founder Thierer Family Foundation, Assetblue Investment Group · ex-CEO UnitedHealth Group, Catamaran…
Jeffrey Aronin
MATTER ↗Founder Paragon Health Capital, CEO Paragon Biosciences, The Aspen Institute, Discover Financial Services
Richard Wise
Oak Residential ↗Ex-Waterton Associates, Archstone Smith. University of Illinois BS 1992, The University of Chicago Booth School of Business MBA 1998
Bill Fienup
mHUB ↗Ex - Founder & CEO Catalyze Chicago, MB Labs, Co-Founder BikeSpike, Insight Product Development. Massachusetts Institute of Technology 2005
Conrado Oliveira
Sun Haven Partners ↗ex-Accenture, Brasil Junior, Paulista Jr. Projetos & Consultoria · University of Sao Paulo BS 2015…
Adam Walls
5812 Group ↗Cutler Group, Coopers and Lybrand, Abroad group. University of Tennessee BSc
James Raff
RPK Capital ↗ex- BTM Capital MD BTM Capital, Republic Financial, ABN AMRO, Amsterdam Rotterdam Bank. University of Richmond BA 1981, University of Chicago MBA 1999
Karl Brewer
Foresight ↗Founder Cervecero Investments, ex-William Blair. Washington and Lee University BA, Northwestern University’s Kellogg Graduate School of Management MBA
Education networks
108 profiles with education records.
Prior employers
14 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
NEWS INTELLIGENCEHow this industry appears in the news
45,783 articles in the measured 12-month window.
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How this industry appears in the news
45,783 articles in the measured 12-month window.
News volume trends
Investment Industry coverage tagged Chicago · articles per complete quarter
View quarterly article counts
| Quarter | Articles |
|---|---|
| 2021Q2 | 9,398 |
| 2021Q3 | 12,024 |
| 2021Q4 | 8,459 |
| 2022Q1 | 11,227 |
| 2022Q2 | 9,786 |
| 2022Q3 | 9,629 |
| 2022Q4 | 9,040 |
| 2023Q1 | 9,916 |
| 2023Q2 | 11,511 |
| 2023Q3 | 10,683 |
| 2023Q4 | 11,502 |
| 2024Q1 | 14,783 |
| 2024Q2 | 12,375 |
| 2024Q3 | 15,734 |
| 2024Q4 | 12,403 |
| 2025Q1 | 20,018 |
| 2025Q2 | 13,955 |
| 2025Q3 | 15,292 |
| 2025Q4 | 13,503 |
| 2026Q1 | 11,429 |
| 2026Q2 | 5,559 |
Article volume measures coverage, not market sales.
Tone of coverage over time
Most-covered companies
Company share of voice
186 recorded company events across 16 companies; percentages use that event total.
Leading coverage topics
Investment Industry coverage tagged Chicago · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Topics gaining and losing attention
United States comparison coverage
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| investment deal | 11,071 | 3,690 | 200% |
| stablecoin fx impact | 9,211 | 6,423 | 43% |
| private equity | 6,438 | 1,681 | 283% |
| etf trading | 5,654 | 3,580 | 58% |
| share price | 5,418 | 2,994 | 81% |
| etfs | 4,856 | 3,086 | 57% |
| sector etfs | 4,671 | 2,980 | 57% |
| investment | 4,412 | 1,035 | 326% |
| stock surge | 4,385 | 2,355 | 86% |
| etf structures | 4,345 | 2,674 | 62% |
| tariff negotiations | 13,596 | 23,784 | -43% |
| flood stage forecasting | 607 | 10,570 | -94% |
| hydrologic risk modeling | 79 | 10,120 | -99% |
| free trade deals | 5,648 | 9,436 | -40% |
| economic slowdown | 5,394 | 8,577 | -37% |
Event and signal lenses
United States comparison coverage
Regulatory Risk
2,670,381 classified articlesterritories, disputed islands, stock performance
42.7% critical · 26.8% positiveFunding Momentum
582,279 classified articlesinvestment deal, inflation reports fx, currency intervention policies
40.0% critical · 49.1% positiveGrowth
848,455 classified articlesearnings report, cannabis industry regulations, legal cannabis sales
36.2% critical · 44.7% positiveInvestment Industry coverage tagged Chicago. Topic labels describe recorded classifications and can include broad context.
Investment Industry in Chicago: key questions
Clear definitions for making better comparisons.
What does this landscape measure?
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
Can segment counts be added together?
No. A company can belong to several segments, so segment counts and funding can overlap.
What does a missing figure mean?
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 2 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗