ED/VC  Illinois Finance Authority


     Office Locations:

160 N. LaSalle Street, Suite S-1000
Chicago, IL 60601
Phone: 312-651-1300
Fax: 312-651-1350

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  • Seed



  • Information Technology



    The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, and local government units statewide. The Authority operates the Technology Development Bridge, an Illinois venture capital fund that provides seed stage equity financing to small technology companies. It is an innovative public-private partnership, developed by the Illinois Coalition (now the Illinois Technology Development Alliance) and funded by the Illinois Finance Authority, aimed at helping technology firms access capital they need to grow and create jobs. Equity investments typically range from $150,000 to $300,000. Candidates must be small, privately-owned businesses with less than 50 employees, developing or commercializing a new technology or invention. Since its formation in 2004, IFA has funded 496 projects representing over $25 billion in capital projects to support growth initiatives throughout Illinois.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Brendan M. Cournane General Counsel
    Christopher B. Meister Executive Director
    James Senica Funding Manager
    Pamela Lenane Funding Manager
    Rich Frampton Funding Manager


    Portfolio companies include:

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