THE FIRE AWARDS - 50 companies heating up Chicago tech
December 08, 2022, 12:21pm CST
After a record amount of venture capital was doled out to Chicago startups in 2021, the tech industry downturn has resulted in a 38% drop in fundraising through the first nine months of the year in Chicago.
But even at a moment when venture funding is down, several industry-disrupting companies have been able to fill their piggy banks during challenging times and find ways to grow their businesses, and despite a slowdown and string of recent layoffs seen across the tech sector in recent months, some think this could bring opportunity for Chicago’s startup community.
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