Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE CHICAGO EDITION 2026

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.

Snapshot: Funding in USD
Illustrated cover for Investment Industry Landscape of Chicago
US
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Investment Industry illustration
MEET THE COMPANIES

Explore Chicago’s investment industry leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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24 featured companies

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 ↗

Company discovery

Recorded evidence only

Explore 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 ↗
THE KEY SIGNALS

Investment Industry industry KPIs in Chicago

A few useful ratios bring the size of this ecosystem into perspective.

2 September 2026
Hiring participation9.8%

44 of 451 tracked companies have open roles.

Funding participation4.4%

20 of 451 tracked companies have a recorded round.

Top 3 funding share84.0%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$6.56M

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 FORMATION

How Chicago investment industry has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Chicago investment industry
$0$72.89M$145.78M$218.67M$291.56M2016: $30.15M20162017: $33.61M20172018: $020182019: $125K20192020: $30M20202021: $225K20212022: $8.81M20222023: $255.75M20232024: $35.38M20242025: $7.28M2025
View the numbers
Annual investment industry funding and company formation in Chicago
YearFunding (USD)FoundedRaising
2016$30.15M162
2017$33.61M162
2018$0210
2019$125K181
2020$30M271
2021$225K131
2022$8.81M151
2023$255.75M143
2024$35.38M104
2025$7.28M12
WHERE CAPITAL SITS

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

NUMBER OF ROUNDS
Seed & Angel6 24.0%
Series A–B10 40.0%
Series C+ / PE2 8.0%
Grants, debt & other7 28.0%

Recent recorded rounds

Latest recorded rounds · USD
1 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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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.

DIGITAL FOOTPRINT

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.

Visits and authority are third-party web estimates, not company-reported figures.

INSIDE THE INDUSTRY

The Chicago investment industry market map

Explore the segments behind the headline numbers.

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Where companies are building

Rank segments by scale, hiring or disclosed funding.

Segment data unavailable0

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Segment data unavailable

The largest measured segment in this report snapshot.

0companies
0%have hiring activity

0 companies hiring · $0 disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionsmotorolasolutions.com ↗

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.

Funding roundsmagmilecapital.com ↗

Mag Mile Capital, Inc. ... announced that it had successfully arranged $163.5 million in debt financing transactions over the past three months.

Mergers & acquisitionsstackerholdings.com ↗

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.

Mergers & acquisitionsthinkfcm.com ↗

Accordion has announced the acquisition of FCM

Mergers & acquisitionsipipartners.com ↗

months after rival Blue Owl bought digital infrastructure investor IPI Partners

Mergers & acquisitionslindenllc.com ↗

The private equity firm Linden Capital Partners has acquired hospice provider Agape Care Group from Ridgemont Equity Partners for an undisclosed amount.

Mergers & acquisitionslincolninternational.com ↗

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.

Mergers & acquisitionskinziecp.com ↗

Kinzie Capital Partners has acquired Fraser Steel, a Minnesota-based manufacturer of steel tubular products.

Mergers & acquisitionsburlingtoncp.us ↗

Private equity firm Burlington Capital Partners (BCP) has acquired ingredient supplier Sokol & Co., Countryside, Ill., for an undisclosed sum.

Mergers & acquisitionsmesirow.com ↗

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
105
Mergers & acquisitions
30
Earnings
19
Company announcements
14
Fundraising
8
Contracts
7
Asset acquisitions
7
New products
5
Lawsuit
4
Capital infusions
2
5 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

52 tracked people moves

Sidley ↗
Scott Bennett

Appointment Partner, Head of Technology Capital Markets

Mesirow ↗
Mr. Manabu Ogi

Appointment Managing Director and Head of Japan, Capital Formation and Currency Solutions

Mesirow ↗
Mr. Katsuya Fukushima

Appointment Managing Director and Head of Sales, Japan

L. Thomas Gregory

Appointment Senior Advisor

Daniel Sanfilippo

Appointment Vice President

Chris Swiecicki

Appointment Managing Director

Peter Leav

Appointment Board of Directors

Crowe ↗
Bhavin Bharakda

Appointment partner

Product launches

Products, platforms and features in the recorded window

Mesirow ↗
mesirow.com

Website

Regulatory events

1 recorded events

Crowe ↗

fined for violating audit committee communication rulesPublic Company Accounting Oversight Board (PCAOB)

Litigation

5 tracked suits

Company
U.S. Department of the Treasury’s Office of Foreign Assets C v IPI Partners

Russian sanctions violationCivil · Settled

Company
Brian Watson v IPI Partners

financial involvement in data center dealsCivil · Filed

Earnings pulse

Reported company results in the recorded window.

3companies
28period observations
7.0%median reported growth

Median across 14 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Motorola Solutions Venture Capital→bell canadaAnnounced2026-03-28Not stated in snapshot
Motorola Solutions Venture Capital→exacomAnnounced2026-03-17Not stated in snapshot
Lincoln International→marshberryCompleted2026-01-30Not stated in snapshot
Stacker Holdings→advanced irrigationAnnounced2026-01-29Not stated in snapshot
accordion→FCM ↗Announced2026-01-26Not stated in snapshot
Motorola Solutions Venture Capital→silvus technologiesAnnounced2025-12-31$4.4B

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

1,441 postings in the preceding 12 months. The full 2,628-posting snapshot covers 40 employers.

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Most advertised job titles

Banking Compliance Manager78
Loan Review Senior Consultant75
Kodiak Data Science Engineer69
Bank Internal Audit Manager60
Senior Technology Innovator57
Economic Consulting Speaker Senior Consultant56
0 internship postings

8 tracked postings mention remote work.

The seniority mix

1,800 postings specify a level.

unspecified
828
senior
730
manager
656
intern
294
lead
79
entry
41

Skills employers mention

Top skills across 2,628 tracked postings in the available jobs snapshot.

Accounting
43
Crm
28
Excel
23
Sales Engagement Platform
22
Asc 740
15
Billing
15
Underwriting
12
Public Accounting
12
Portfolio Management
12
Asset Management
12
ADVERTISED PAY$91.4K/ year

Median across 345 postings with pay data, expressed in USD.

Salary by seniority

senior$76.2K/ year103 postings
manager$95.5K/ year129 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

492 founders and chief executives across 302 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Bill Fienup, Co-Founder, mHUB, Executive Director, MedTech Accelerator at mHUBCo-Founder, mHUB, Executive Director, MedTech Accelerator

Bill Fienup

mHUB ↗

Ex - Founder & CEO Catalyze Chicago, MB Labs, Co-Founder BikeSpike, Insight Product Development. Massachusetts Institute of Technology 2005

Education networks

108 profiles with education records.

University of Chicago
37
Booth School of Business
29
Kellogg School of Management
24
Harvard University
10
Harvard Business School
7
Wharton School
6
University of Pennsylvania
5
Cornell University
5

Prior employers

14 profiles with prior-work records.

Goldman Sachs
7
Morgan Stanley
4
Bain
2
eBay
1
Google
1
McKinsey
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

45,783 articles in the measured 12-month window.

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45,783articles in the measured year
5,559articles in 2026Q2
58.6%positive tone in the latest complete year

News volume trends

Investment Industry coverage tagged Chicago · articles per complete quarter

05,75511,51017,26623,0212021Q2: 9,3982021Q22021Q3: 12,0242021Q4: 8,4592022Q1: 11,2272022Q2: 9,7862022Q22022Q3: 9,6292022Q4: 9,0402023Q1: 9,9162023Q2: 11,5112023Q22023Q3: 10,6832023Q4: 11,5022024Q1: 14,7832024Q2: 12,3752024Q22024Q3: 15,7342024Q4: 12,4032025Q1: 20,0182025Q2: 13,9552025Q22025Q3: 15,2922025Q4: 13,5032026Q1: 11,4292026Q2: 5,5592026Q2
View quarterly article counts
QuarterArticles
2021Q29,398
2021Q312,024
2021Q48,459
2022Q111,227
2022Q29,786
2022Q39,629
2022Q49,040
2023Q19,916
2023Q211,511
2023Q310,683
2023Q411,502
2024Q114,783
2024Q212,375
2024Q315,734
2024Q412,403
2025Q120,018
2025Q213,955
2025Q315,292
2025Q413,503
2026Q111,429
2026Q25,559

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
20,867 positive · 314 neutral · 10,655 negative
2022
25,682 positive · 482 neutral · 13,463 negative
2023
28,320 positive · 565 neutral · 14,672 negative
2024
34,342 positive · 701 neutral · 20,172 negative
2025
36,729 positive · 674 neutral · 25,268 negative

Leading coverage topics

Investment Industry coverage tagged Chicago · ranked by full-period article count.

Administrative And Political Subdivisions4,359,385 articles in the full recorded period
929,769 recent · 795,450 prior
Geopolitical Disputes And Contested Areas320,868 articles in the full recorded period
106,784 recent · 82,214 prior
International And Transnational Geographic Entities320,715 articles in the full recorded period
106,734 recent · 82,148 prior
Cryptocurrency Impact On Forex Markets201,405 articles in the full recorded period
53,997 recent · 53,458 prior
International Political Relations199,830 articles in the full recorded period
51,778 recent · 50,489 prior
Security And Defense Policies142,097 articles in the full recorded period
41,122 recent · 34,592 prior
International Relations And Diplomacy91,807 articles in the full recorded period
21,527 recent · 23,611 prior
Trade Policies And Agreements85,951 articles in the full recorded period
27,263 recent · 38,806 prior
Geographic Naming Conventions And Etymology82,161 articles in the full recorded period
44,272 recent · 9,155 prior
Human Rights Advocacy Reports68,604 articles in the full recorded period
16,266 recent · 22,065 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

United States comparison coverage

KeywordRecentPriorChange
investment deal11,0713,690200%
stablecoin fx impact9,2116,42343%
private equity6,4381,681283%
etf trading5,6543,58058%
share price5,4182,99481%
etfs4,8563,08657%
sector etfs4,6712,98057%
investment4,4121,035326%
stock surge4,3852,35586%
etf structures4,3452,67462%
tariff negotiations13,59623,784-43%
flood stage forecasting60710,570-94%
hydrologic risk modeling7910,120-99%
free trade deals5,6489,436-40%
economic slowdown5,3948,577-37%

Event and signal lenses

United States comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

2,670,381 classified articles

territories, disputed islands, stock performance

42.7% critical · 26.8% positive
Rising

Funding Momentum

582,279 classified articles

investment deal, inflation reports fx, currency intervention policies

40.0% critical · 49.1% positive
Rising

Growth

848,455 classified articles

earnings report, cannabis industry regulations, legal cannabis sales

36.2% critical · 44.7% positive

Investment Industry coverage tagged Chicago. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

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 ↗
Coming soon