Forbes: Why Midwest Capital Is Fueling Rockets, Electric Cars, And The Heartland

I’ve talked about how Midwest startups with coastal connections attract capital and why investors outside the Midwest want in. In fact, a recent analysis of PitchBook data shows that Chicago startups alone received $1.7 billion in venture capital funding last year through deals with at least one non-Illinois investor.


While this is certainly noteworthy, what is perhaps more significant is that the inverse is also true: the Midwest VC players are growing in numbers, expanding assets under management, and actively investing in companies from seed to late-stage growth. This is certainly benefiting startups in the Midwest, but it also helps promising new ventures from coast to coast.


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