25 healthtech investors in Illinois, including 22 in Chicago
We list 25 healthtech 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 (19), Wilmette (2) and Morton Grove (1). 22 of the 25 are in the Chicago metro area, so this page is also our list of healthtech investors in Chicago.
Top 5 healthtech investors in Illinois, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: 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. The same rule orders the whole list; it is repeated in the method box.
New Stack
Type: VC firm · HQ: Chicago, IL · Stages: Pre-seed, Seed · Focus: Healthtech, AI, Fintech, Industrial Tech · Latest activity: New fund, Sep 2026 · Fund size on file: $125M (SEC Form D, 2024)
Latest fund filing dated Sep 2026; $125M fund on file (SEC Form D, 2024); states healthtech and digital health as a focus; names the US as where it invests; 3 named decision-makers on file.
M25
Type: VC firm · HQ: Chicago, IL · Stages: Pre-seed, Seed · Focus: Healthtech, AI, Generalist, Fintech · Latest activity: New deal, Sep 2026 · Fund size on file: $50M (SEC Form D, 2022)
Dated new deal in Sep 2026; $50M fund on file (SEC Form D, 2022); states healthtech and digital health as a focus; names the US as where it invests; 8 named decision-makers on file.
Alliance Venture Capital
Type: VC firm · HQ: Morton Grove, IL · Stages: Pre-seed, Seed · Focus: Healthtech, AI, SaaS · Latest activity: New deal, Oct 2026 · Fund size on file: $40M (SEC Form D, 2024)
Dated new deal in Oct 2026; $40M fund on file (SEC Form D, 2024); states healthtech and digital health as a focus; names the US as where it invests; 8 named decision-makers on file.
Distributed Ventures
Type: VC firm · HQ: Chicago, IL · Stages: Seed, Series A · Focus: Healthtech, Fintech, Insurtech, AI · Latest activity: New deal, Jul 2026 · Fund size on file: $90M (SEC Form D, 2021)
Dated new deal in Jul 2026; $90M fund on file (SEC Form D, 2021); states healthtech and digital health as a focus; names the US as where it invests; 5 named decision-makers on file.
Promus Ventures
Type: VC firm · HQ: Chicago, IL · Stages: Seed, Series A · Focus: Healthtech, Deep Tech, Space, Industrial Tech · Latest activity: Portfolio news, Sep 2026 · Private fund assets: $203M (SEC Form ADV)
Portfolio news dated Sep 2026; $203M on file (SEC Form ADV); states healthtech and digital health as a focus.
First 12 of 25 healthtech investors in Illinois
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| New Stack | VC firm | Chicago, IL | Pre-seed, Seed | Healthtech, AI, Fintech, Industrial Tech | New fund, Sep 2026 | $125M (SEC Form D, 2024) | 4 Nov 2026 | 3 names · Unlock |
| M25 | VC firm | Chicago, IL | Pre-seed, Seed | Healthtech, AI, Generalist, Fintech | New deal, Sep 2026 | $50M (SEC Form D, 2022) | 5 Nov 2026 | 8 names · Unlock |
| Alliance Venture Capital | VC firm | Morton Grove, IL | Pre-seed, Seed | Healthtech, AI, SaaS | New deal, Oct 2026 | $40M (SEC Form D, 2024) | 5 Nov 2026 | 8 names, firm email · Unlock |
| Distributed Ventures | VC firm | Chicago, IL | Seed, Series A | Healthtech, Fintech, Insurtech, AI | New deal, Jul 2026 | $90M (SEC Form D, 2021) | 5 Nov 2026 | 5 names, firm email · Unlock |
| Promus Ventures | VC firm | Chicago, IL | Seed, Series A | Healthtech, Deep Tech, Space, Industrial Tech | Portfolio news, Sep 2026 | $203M (SEC Form ADV) | 5 Nov 2026 | firm email · Unlock |
| LightX Capital | VC firm | Chicago, IL | Pre-seed | Healthtech, AI, Robotics, SaaS | New fund, Nov 2026 | 4 Nov 2026 | 5 names, firm email · Unlock | |
| ARCH Venture Partners | VC firm | Chicago, IL | Pre-seed, Seed | Healthtech, Biotech, Deep Tech | New fund, Aug 2026 | $3.0B (SEC Form D, 2024) | 4 Nov 2026 | 8 names · Unlock |
| 7wire Ventures | VC firm | Chicago, IL | Seed | Healthtech, AI, Medtech, SaaS | New fund, Oct 2026 | $300M (SEC Form D, 2022) | 4 Nov 2026 | 8 names · Unlock |
| Sandbox Clinical Ventures | VC firm | Chicago, IL | Seed, Series A, Series B, Growth | Healthtech, Insurtech, AI, Fintech | New fund, Sep 2026 | $100M (SEC Form D, 2021) | 4 Nov 2026 | 8 names, firm email · Unlock |
| Hyde Park Venture Partners | VC firm | Chicago, IL | Pre-seed, Seed, Series A | Healthtech, AI, Fintech, SaaS | New deal, Apr 2026 | $100M (SEC Form D, 2023) | 5 Nov 2026 | 3 names · Unlock |
| Atoms VC | VC firm | Chicago, IL | Seed | Healthtech, Energy, Proptech, Deep Tech | New fund, Feb 2026 | $25M (SEC Form D, 2026) | 4 Nov 2026 | 4 names · Unlock |
| Chingona Ventures | VC firm | Chicago, IL | Pre-seed | Healthtech, AI, Edtech, Fintech | New fund, Jun 2026 | $53M (SEC Form D, 2021) | 4 Nov 2026 | 3 names · Unlock |
You are seeing 12 of 25. The full list adds 13 more investors and 133 named decision-makers.
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22 healthtech investors in Chicago
15 of the 22 have a fund filing or a dated deal in the last 12 months; the median fund size on file is $64M (SEC Form D, 18 firms); the most recent fund filings are from LightX Capital (Nov 2026), 7wire Ventures (Oct 2026) and New Stack (Sep 2026); of the 18 with a stage on file, seed (15), pre-seed (7) and Series A (7); the count covers the metro area, by city: Chicago (19), Wilmette (2) and Highland Park (1); the paid file holds 112 named decision-makers for them.
The first 5 in list order: New Stack, M25, Distributed Ventures, Promus Ventures and LightX Capital. They are ranked with the rest of the list, by the same rule.
How these 25 break down
By city
| City | On this list | Share |
|---|---|---|
| Chicago | 19 | 76% |
| Wilmette | 2 | 8% |
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 8 | 32% |
| Seed | 17 | 68% |
| Series A | 8 | 32% |
| Series B | 2 | 8% |
| Growth | 2 | 8% |
Stage is our research. A firm can back more than one stage.
Method and limits
- Source
- All 25 rows carry an SEC filing (Form D or Form ADV). 24 of the 25 have a website we checked; the other 1 rests on the filing or register entry alone. 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 healthtech and digital health as a focus on its own site, or we observed it in the firm's portfolio. Place: head office in Illinois.
- Order
- Firms with a published profile come first. 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.
- Last refreshed
- November 2026. Rows on this list were checked between 4 Nov 2026 and 6 Nov 2026.
- Fill rates
- Of 25 rows: stage 20, sector 25, fund size 23, website 24. In the paid file: named decision-makers on 24 rows, firm email on 12, LinkedIn page on 17, check size on 3.
- Corrections
- Email hello@theinvestordatabase.com or use the update form. We act within 5 working days.
Questions
How many healthtech investors in Illinois are there?
We list 25 as of November 2026. 16 of the 25 have a fund filing or a dated deal in the last 12 months. The cities with the most are Chicago (19), Wilmette (2) and Morton Grove (1).
Which healthtech investors in Illinois raised a new fund in the last 12 months?
9 of the 25 have a fund filing dated in the last 12 months. The most recent on this list are LightX Capital (Nov 2026), 7wire Ventures (Oct 2026) and New Stack (Sep 2026).
What is the typical fund size of healthtech investors in Illinois?
The median fund size on file for this list is $51M, across the 20 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 5 do not disclose a size there.
How do I contact healthtech investors in Illinois?
The paid file holds 133 named decision-makers across 24 of these 25 and a firm email for 12. 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 healthtech investors in Illinois come from?
All 25 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.
Related lists
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