---
title: "32 SaaS Investors in Illinois (Nov 2026): 28 in Chicago"
last_updated: "2026-11-06"
rows: "32"
free_rows: "16"
source: "SEC filings"
canonical: "https://theinvestordatabase.com/lists/saas-investors-in-illinois/"
---

# 32 SaaS investors in Illinois, including 28 in Chicago

We list 32 SaaS investors in Illinois as of November 2026: each has an SEC filing on file, and the list was last checked on 6 Nov 2026. The cities with the most head offices on this list are Chicago (23), Winnetka (2) and Morton Grove (1). 28 of the 32 are in the Chicago metro area, so this page is also our list of SaaS investors in Chicago.

- 32 investors
- 26 with a fund filing or dated deal in the last 12 months
- $95M median fund size on file (SEC Form D, 26 firms)
- 175 named decision-makers on file

## First 16 of 32 SaaS investors in Illinois

| Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile |
|---|---|---|---|---|---|---|---|---|
| M25 | VC firm | Chicago, IL | Pre-seed, Seed | SaaS, AI, Healthtech, Generalist | New deal, Sep 2026 | $50M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/m25/ |
| Alliance Venture Capital | VC firm | Morton Grove, IL | Pre-seed, Seed | SaaS, AI, Healthtech | New deal, Oct 2026 | $40M (SEC Form D, 2024) | 2026-11-05 | https://theinvestordatabase.com/investors/alliance-venture-capital/ |
| Nine Four Ventures | VC firm | Chicago, IL | Pre-seed, Seed, Series A | SaaS, Proptech, AI, Fintech | Portfolio news, Oct 2026 | $100M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/nine-four-ventures/ |
| New Stack | VC firm | Chicago, IL | Pre-seed, Seed | SaaS, AI, Fintech, Healthtech | New fund, Sep 2026 | $125M (SEC Form D, 2024) | 2026-11-04 | https://theinvestordatabase.com/investors/new-stack/ |
| Jump Capital | VC firm | Chicago, IL | Seed, Series A | SaaS, AI, Cybersecurity, Fintech | New deal, Oct 2026 | $456M (SEC Form ADV) | 2026-11-05 | https://theinvestordatabase.com/investors/jump-capital/ |
| Origin Ventures | VC firm | Chicago, IL | Seed, Series A | SaaS, AI, Future of Work, Marketplace | New deal, May 2026 | $130M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/origin-ventures/ |
| Multimodal Ventures | VC firm | Naperville, IL | Seed | SaaS, AI, Robotics, Fintech | New fund, Oct 2026 | $50M (SEC Form D, 2026) | 2026-11-04 | https://theinvestordatabase.com/investors/multimodal-ventures/ |
| Bewater | VC firm | Winnetka, IL |  | SaaS, AI, Cybersecurity, Gaming | New fund, Oct 2026 | $150M (SEC Form D, 2026) | 2026-11-04 | https://theinvestordatabase.com/investors/bewater/ |
| Sandbox Clinical Ventures | VC firm | Chicago, IL | Seed, Series A, Series B, Growth | SaaS, Insurtech, Healthtech, AI | New fund, Sep 2026 | $100M (SEC Form D, 2021) | 2026-11-04 | https://theinvestordatabase.com/investors/sandbox-clinical-ventures/ |
| Capitalize VC | VC firm | Chicago, IL | Pre-seed, Seed | SaaS, Marketing Tech, AI, Media | Portfolio news, Jun 2026 | $10M (SEC Form D, 2021) | 2026-11-05 | https://theinvestordatabase.com/investors/capitalize-vc/ |
| Atlas Ventures | VC firm | Chicago, IL | Seed, Series A, Series B | SaaS, Logistics, AI, Cybersecurity | New fund, Sep 2026 | $23M (SEC Form D, 2026) | 2026-11-04 | https://theinvestordatabase.com/investors/atlas-ventures/ |
| Energize Ventures | VC firm | Chicago, IL | Series A, Series B, Growth, Any stage | SaaS, Energy, AI, Industrial Tech | New deal, Sep 2026 | $328M (SEC Form D, 2020) | 2026-11-05 | https://theinvestordatabase.com/investors/energize-ventures/ |
| G Squared | VC firm | Chicago, IL | Growth, Late stage | SaaS, AI, Cybersecurity, Developer Tools | New fund, Jun 2026 | $1.2B (SEC Form D, 2025) | 2026-11-04 | https://theinvestordatabase.com/investors/g-squared/ |
| Hyde Park Venture Partners | VC firm | Chicago, IL | Pre-seed, Seed, Series A | SaaS, AI, Fintech, Healthtech | New deal, Apr 2026 | $100M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/hyde-park-venture-partners/ |
| Distributed Ventures | VC firm | Chicago, IL | Seed, Series A | SaaS, Fintech, Insurtech, Healthtech | New deal, Jul 2026 | $90M (SEC Form D, 2021) | 2026-11-05 | https://theinvestordatabase.com/investors/distributed-ventures/ |
| LightX Capital | VC firm | Chicago, IL | Pre-seed | SaaS, AI, Robotics, Healthtech | New fund, Nov 2026 |  | 2026-11-04 | https://theinvestordatabase.com/investors/lightx-capital/ |

You are seeing 16 of 32. The full list adds 16 more investors and 175 named decision-makers.

Get all 32 investors and 175 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/saas-investors-in-illinois
This page: https://theinvestordatabase.com/lists/saas-investors-in-illinois/

## 28 SaaS investors in Chicago
24 of the 28 have a fund filing or a dated deal in the last 12 months; the median fund size on file is $100M (SEC Form D, 24 firms); the most recent fund filings are from LightX Capital (Nov 2026), Multimodal Ventures (Oct 2026) and 7wire Ventures (Oct 2026); of the 26 with a stage on file, seed (19), pre-seed (11) and Series A (10); the count covers the metro area, by city: Chicago (23), Winnetka (2) and Naperville (1); the paid file holds 151 named decision-makers for them.
The first 5 in list order: M25, Nine Four Ventures, New Stack, Jump Capital and Origin Ventures.

## Method and limits
- Source: All 32 rows carry an SEC filing (Form D or Form ADV). All 32 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule: Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Sector: the firm states SaaS and B2B software as a focus on its own site, or we observed it in the firm's portfolio. Place: head office in Illinois.
- Order: Activity score out of 100: recency of the latest fund filing or dated deal (35: full marks within 3 months, then stepping down at 6, 12 and 24 months), share of the observed portfolio in this sector (25; half of that when the sector is stated only), stated focus on the US (15: full marks when the firm names the US as where it invests, half when it says global), size of the fund on file on a log scale (15) and completeness of the public record (10). Regional focus is our research, not an SEC figure. It is a measure of activity and fit, not of quality or returns.
- Fill rates: Of 32 rows: stage 29, sector 32, fund size 29, website 32. In the paid file: named decision-makers on 32 rows, firm email on 11, LinkedIn page on 23, check size on 3.

## Questions
### How many SaaS investors in Illinois are there?
We list 32 as of November 2026. 26 of the 32 have a fund filing or a dated deal in the last 12 months. The cities with the most are Chicago (23), Winnetka (2) and Morton Grove (1).

### Which SaaS investors in Illinois raised a new fund in the last 12 months?
14 of the 32 have a fund filing dated in the last 12 months. The most recent on this list are LightX Capital (Nov 2026), Multimodal Ventures (Oct 2026) and 7wire Ventures (Oct 2026).

### What is the typical fund size of SaaS investors in Illinois?
The median fund size on file for this list is $95M, across the 26 firms with a size on an SEC Form D. The fund on file is each firm's main fund, which is not always its newest. The other 6 do not disclose a size there.

### How do I contact SaaS investors in Illinois?
The paid file holds 175 named decision-makers across 32 of these 32 and a firm email for 11. We publish the address a firm lists itself, never a personal email. Each free row links to a profile with the firm's website.

### Where does the data on SaaS investors in Illinois come from?
All 32 rows have an SEC filing on file (Form D or Form ADV). Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 6 Nov 2026 at the latest. The whole file is re-verified twice a year.