Wisconsin is in the process of creating a $100 million venture capital fund of funds program as a vehicle to attract investment in early-stage companies in Wisconsin.
Photo: P33
A new study just found that Chicago area startups provide investors the best return-on-investment (ROI) for their deals.
On Thursday, P33, World Business Chicago and ChicagoNEXT released “2020 Chicago VC Ecosystem,” a report that analyzed PitchBook data from 2006 to the end of the third quarter in 2020 to reveal that for the fourth year in a row Chicago-area companies offer investors the highest ROI. The Chicago area which researchers defined as all of Illinois, Indiana and Wisconsin awarded investors an average return 4.88 times higher than their initial investment.
P33 CEO Brad Henderson said the Chicago area’s high ROI is indicative of the quality of companies coming from the region.