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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