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    Illinois Ventures

    Champaign, United StatesFounded 2000

    Illinois Ventures is the venture capital arm of the University of Illinois System, founded in 2000. It invests in early-stage deep tech companies with ties to the University of Illinois across sectors including AI, biotech, agtech, quantum, and clean tech.

    Their most common stage is seed (44% of deals). Average disclosed round size is $16.0M (across 17 rounds with reported amounts).

    Find people at Illinois Ventures on Goldilocks AI

    Portfolio

    17

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    1

    Team

    Nancy Sullivan

    Nancy Sullivan

    CEO, Managing Director, and Managing Principal

    Thomas Parkinson

    Thomas Parkinson

    Venture Partner

    DS

    Dr. Suseelan R. Pookote

    Director, Office of Technology Management, University of Illinois Chicago

    Jacob Kinsey

    Jacob Kinsey

    Senior Director

    NH

    Nathan Hoffman

    Director, Office of Technology Management, University of Illinois Urbana-Champaign

    Paul Magelli

    Paul Magelli

    Director

    DJ

    Dr. Jay Walsh

    Vice President for Economic Development and Innovation, University of Illinois

    DP

    Dr. Paul Ellinger

    Vice President and Chief Financial Officer and Comptroller, University of Illinois Ex-officio

    Mark O’Connor

    Mark O’Connor

    Senior Associate

    Rishit Parikh

    Rishit Parikh

    Associate

    Christopher Valera

    Christopher Valera

    Operations Coordinator

    SP

    Sarah Phalen

    President and CEO, INB

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    18 investments
    CompanyRoundAmountDate
    Syntax logoSyntaxSeries A$14.4MJun 2026
    CCoologicsSeed$3MApr 2025
    Elion Therapeutics logoElion TherapeuticsSeries B$81MJun 2024
    SSfunga TherapeuticsSeries B$81MJun 2024
    Mesh++ logoMesh++Seed$4.9MJan 2021
    Revenew logoRevenewSeries B$5MOct 2013
    ZeaChem logoZeaChemSeries C$19MOct 2011
    Semprius logoSempriusSeries C$20MJan 2011
    ShareThis logoShareThisSeries A—Jan 2007
    Semprius logoSempriusSeries B$4.7MJan 2007
    Syntax Bio logoSyntax BioUnknown$14.4M—
    Natrion logoNatrionSeed$2M—
    Samara Aerospace logoSamara AerospaceSeed$10M—
    CCadenza BioSeed$2.4M—
    NNatrionSeed$2M—
    Tandemn logoTandemnUnknown$1.7M—
    Network Perception logoNetwork PerceptionSeed$2.7M—
    Photon Queue logoPhoton QueueSeed$4M—

    Top Co-Investors

    Last updated: 20 October 2026