Midwestern states have attracted funding from 284 VC investors since the beginning of 2011, according to the PitchBook Platform. Illinois has landed the biggest chunk of financings out of all the states in the region, holding claim to nearly 32% of the total deals, which involved 110 of the investors. Naturally, the majority of Illinois's venture-backed companies are headquartered in Chicago. Among them is Windy City-based Groupon, which racked up the biggest deal in the entire Midwest with its monstrous $950 million Series D funding last January. Following in the footsteps of the now public daily deal king, Northbrook, IL-based software provider Mu Sigma and Skokie, IL-based nanotechnology co. NanoInk garnered the second and third biggest deals in the Midwest, respectively.
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