VC firm
Illinois Ventures
Also known as Illini Angels
- Investor type
- VC
- Investing status
- Activeas of 2026-09-17Source (opens in a new tab)
- Founded
- 2000
- Latest fund size
- $19.3MSEC amount sold, as of 2009-04-27Source (opens in a new tab)
- Funds
- 3
- Check size
- We target investments between $100,000 and $300,000.Source (opens in a new tab)
- Legal name
- Illinois Ventures, LLC
- illinoisventures.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 28 September 2026
About
Founded in 2000, Illinois Ventures is one of the largest and longest-running university-based venture firms in the country.
Investment approach
- Thesis
- We invest in early-stage companies, and we’re on a mission to make the world a better and more connected place. Whether you are building a Deep Tech solution in a lab, part of a dorm room team of coders, or a seasoned entrepreneur, we support and encourage your exciting, new companies and products. You will be welcomed by a veteran team ready to help you go from pioneering venture to a successful exit.Source (opens in a new tab)
- Eligibility
- Backing Companies and People with University of Illinois DNA
- Investing status notes
- Illinois Ventures – the University of Illinois System’s venture capital arm – announced the launch of its fourth fund dedicated to supporting deep tech ventures with Illinois in their DNA.
Funds
- Illinois Deep Technology Strategic Venture Fund, L.P.
- $24MVintage 2024, SEC amount sold
- Illinois Emerging Technologies Fund III, LP
- $15.2MVintage 2016, SPV, Closed, Open-ended, SEC amount sold
- Illinois Emerging Technologies Fund II, LP
- $19.3MVintage 2009, Main fund, Open-ended, SEC amount sold
Locations
- Office
- Champaign
- Office
- Chicago
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