Chicago startups and tech companies raised more than $1.7 billion in 2016, down slightly from 2015's record-breaking $1.72 billion, following a nationwide cool down in funding activity.
In 2016, funding was spread across a broader range of companies than it was in 2015. Built In Chicago tracked funding rounds from 179 companies in 2016, up from 143 companies in 2015. A whopping 36 companies raised $10 million or more, and 99 companies raised $1 million or more, up from 94 companies in the previous year.
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