45 Best Startups Founded in Illinois in 2020

November 10, 2020

These startups are taking a variety of approaches to innovating inside of Illinois and around the world. They are all exceptional startups well worth a follow.

We selected these startups for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Welp Magazine  hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.


1. CASHDROP

The idea behind this startup: CASHDROP is a mobile commerce platform that helps businesses create and manage an online storefront from a smartphone.

Headquarters: Chicago, Illinois, United States

Industries: E-Commerce, Mobile Payments, Software

Founders: Ruben Flores-Martinez

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2. Floracracy

The idea behind this startup: Floracracy is a floral arrangements company.

Headquarters: Rockford, Illinois, United States

Industries:

Founders: Sarah-Eva Marchese

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3. Magma Capital Funds

The idea behind this startup: Quantitative Hedge Fund

Headquarters: Evanston, Illinois, United States

Industries: Finance, FinTech, Hedge Funds

Founders: Gershie Vann

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4. Evozyne

The idea behind this startup: Evozyne is a biotechnology company that specializes in protein design and molecular scale.

Headquarters: Chicago, Illinois, United States

Industries: Biotechnology, Life Science, Medical

Founders: Rama Ranganathan

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5. Aegis Secure

The idea behind this startup: Ultra-Secure mobile and connected device product company

Headquarters: Chicago, Illinois, United States

Industries: Cyber Security, Internet of Things, Mobile

Founders: Carl Nerup, Jason Sebranek

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6. Fuel Me

The idea behind this startup: Energy Distribution & Technology

Headquarters: Elmhurst, Illinois, United States

Industries: Cloud Management, Energy, Fuel, Oil and Gas, Trading Platform

Founders: Boy Schook, Carlo Passacantando, Thomas Hunter, William Marr

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7. CommonX

The idea behind this startup: Your social solution for COVID-19

Headquarters: Chicago, Illinois, United States

Industries: Internet, Mobile, Reservations, Retail, Software

Founders: Justin Reimonenq

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8. Sharehouse Storage

The idea behind this startup: Storage for the modern world

Headquarters: Chicago, Illinois, United States

Industries: Self-Storage

Founders: Unknown

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9. LanzaJet

The idea behind this startup: LanzaJet producer of aviation fuel that captures waste gas emissions and uses bacteria to turn it into useable ethanol fuel.

Headquarters: Illinois City, Illinois, United States

Industries: Biofuel, Fuel

Founders: Unknown

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10. HData

The idea behind this startup: HData helps deliver and scale RegTech solutions that serve government regulators, regulated enterprises, markets, and investors.

Headquarters: Joliet, Illinois, United States

Industries: Business Intelligence, Information Services, Management Consulting

Founders: Hudson Hollister

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11. Anthill AI

The idea behind this startup: Anthill enables companies to retain, engage, and develop employees when work happens away from the office.

Headquarters: Chicago, Illinois, United States

Industries: Human Resources, Software, Virtual Workforce

Founders: Muriel Clauson, Young-Jae Kim

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12. 11.2 Ventures

The idea behind this startup: 11.2 Ventures disrupting the traditional venture capital model by building its companies.

Headquarters: Chicago, Illinois, United States

Industries:

Founders: Unknown

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13. Stella Center

The idea behind this startup: Stella Center is a PTSD and Trauma treatment center using Stellate Ganglion Block for treating the symptoms along with therapy.

Headquarters: Oak Brook, Illinois, United States

Industries: Health Care, Medical

Founders: Eugene Lipov

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14. Neon Financial Inc.

The idea behind this startup: Neon automates bill payments using a built-in credit line

Headquarters: Chicago, Illinois, United States

Industries: FinTech

Founders: Megha Agarwal

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15. Solar Simplified

The idea behind this startup: Solar Simplified is transforming the energy space by enabling easy access to affordable solar energy to everyone in the USA

Headquarters: Chicago, Illinois, United States

Industries: Internet, Renewable Energy, Solar

Founders: Aviv Shalgi

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16. CarDr.com Inc

The idea behind this startup: CarDr.com Inc provides Used Car Inspections. The pre-purchase inspections of used cars are performed using profesional auto inspectors.

Headquarters: Oak Brook, Illinois, United States

Industries:

Founders: Unknown

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17. HappyWork

The idea behind this startup: A company culture building platform that helps start a conversation between a company and its employees

Headquarters: Chicago, Illinois, United States

Industries: Human Resources, Information Technology, SaaS, Small and Medium Businesses, Software

Founders: Unknown

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18. Controllers Council

The idea behind this startup: Community of controllers and accounting professionals

Headquarters: Chicago, Illinois, United States

Industries: Accounting, Finance

Founders: Unknown

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19. LUKH

The idea behind this startup: LUKH is an online Indian fashion service offering modern styles for rent in the US.

Headquarters: Chicago, Illinois, United States

Industries:

Founders: Unknown

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20. ReloShare

The idea behind this startup: The first and only real-time booking marketplace in Corporate Housing.

Headquarters: Chicago, Illinois, United States

Industries: Marketplace

Founders: Matt Singley

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21. Anasova

The idea behind this startup: Anasova is a marketplace that connects individuals to financial experts and solutions.

Headquarters: Chicago, Illinois, United States

Industries: Advertising Platforms, FinTech, Marketplace, Personal Finance

Founders: Thomas Anderson

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22. Farm Taste

The idea behind this startup: Online subscription “farm-to-doorstep” fresh produce delivery service

Headquarters: Chicago, Illinois, United States

Industries: Delivery Service, Farmers Market, Food and Beverage, Food Delivery

Founders: Kirill Litovchenko

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23. Tendii

The idea behind this startup: A web app that supercharges remote meeting productivity

Headquarters: Chicago, Illinois, United States

Industries: Internet, Software

Founders: Kelly Graver

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24. Spotless

The idea behind this startup: Logistics company with an on-demand and subscription laundry pick up and delivery laundry and dry-cleaning company

Headquarters: Chicago, Illinois, United States

Industries: E-Commerce

Founders: Elvis Babila

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25. Goodsend

The idea behind this startup: Personalizing philanthropy to fund community.

Headquarters: Chicago, Illinois, United States

Industries: Charity, Financial Services, Mobile Apps, Mobile Payments, Non Profit

Founders: Arjun Srivastava

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26. GoMunchies, Inc.

The idea behind this startup: Food Delivery Service

Headquarters: Chicago, Illinois, United States

Industries: Delivery, E-Commerce, Food Delivery, Mobile, Retail, Same Day Delivery

Founders: Joshua Smith

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27. Cardiosense

The idea behind this startup: Cardiosense leverages wearable technology and predictive analytics to help patients fight chronic cardiac disease.

Headquarters: Chicago, Illinois, United States

Industries: Health Care, Medical Device, Predictive Analytics, Wearables

Founders: Amit Gupta, Andrew Carek

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28. Parachute Insurance

The idea behind this startup: Managing weather risks and building climate resilience with parametric insurance

Headquarters: Chicago, Illinois, United States

Industries: Commercial Insurance, Insurance, Property Insurance

Founders: Joerg Proeve

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29. Swarm

The idea behind this startup: Investing powered by collective intelligence

Headquarters: Chicago, Illinois, United States

Industries: Finance, Financial Services, FinTech, Personal Finance, Private Social Networking, Social Network, Social News

Founders: Adi Gandra, Aditya Lingampally, Pari Lingampally

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30. Travelsports.com

The idea behind this startup: Travelsports.com is “Your Local Sports Guide” where you can rent unused ice from local ice skating rinks, search and find information related to tournaments, clubs, clinics, venues, shops, coaches and more. Think “Kayak” for youth sports.

Headquarters: Chicago, Illinois, United States

Industries: Digital Media, Marketplace, Sports

Founders: Chris Pauly

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31. Flayyre

The idea behind this startup: Flayyre is a user friendly marketplace where marketers book creators for influencer marketing campaigns and brand sponsorships.

Headquarters: Chicago, Illinois, United States

Industries: Advertising, E-Commerce, Information Technology, Marketplace

Founders: Ammad Nafasat

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32. INTELLIC.AI

The idea behind this startup: Saas, Clinical Data, Clinical Prediction Models, Validation, Development, Intelligence, Predictive Analytics

Headquarters: Chicago, Illinois, United States

Industries: Artificial Intelligence, Machine Learning

Founders: Michael Haniff

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33. Nvzn Augmented Reality

The idea behind this startup: An AR SaaS platform for eCommerce that overcomes the limitations of the small screen by placing true-scale product holograms in situ

Headquarters: Deerfield, Illinois, United States

Industries: E-Commerce, Software

Founders: Ron Padzensky

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34. NXT Power

The idea behind this startup: NXT Power provides premium power quality solutions for manufacturers of critical electronic equipment.

Headquarters: Harwood Heights, Illinois, United States

Industries: Electronics, Energy Management, Industrial Manufacturing

Founders: Unknown

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35. Jazzysnack

The idea behind this startup: Healthtech & Wellness tech Startup

Headquarters: Barrington, Illinois, United States

Industries: Health Care

Founders: Gwen McDonald

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36. Sanarai

The idea behind this startup: Online platform that connects the Latinx community to mental health professionals in Latin America

Headquarters: Chicago, Illinois, United States

Industries: Internet, Wellness

Founders: Unknown

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37. Gaming Endsights

The idea behind this startup: Gaming Endsights is a gaming website that focuses on game reviews, game rankings, and more.

Headquarters: Chicago, Illinois, United States

Industries:

Founders: Unknown

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38. Mersi Cosmetics LLC

The idea behind this startup: Certified Halal Nail Polish – Mersi Cosmetics

Headquarters: Schaumburg, Illinois, United States

Industries:

Founders: Jameel Akhtar

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39. Draft

The idea behind this startup: Technical content production for software engineering blogs

Headquarters: Chicago, Illinois, United States

Industries: Content Marketing, Digital Marketing

Founders: Karl Hughes

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40. KFN Accounting & Financial Solutions

The idea behind this startup: We assist start-ups and small to medium sized businesses with Strategy, Operations, Finance and Accounting services.

Headquarters: Chicago, Illinois, United States

Industries: Accounting, Consulting, Financial Services

Founders: Kyle Nader

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41. AH Blackmore

The idea behind this startup: Management Consulting – Manufacturing & Assembly

Headquarters: Chicago, Illinois, United States

Industries: Consumer Electronics, Food and Beverage, Food Processing, Industrial Manufacturing, Manufacturing

Founders: April Blackmore

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42. Guidance8

The idea behind this startup: Guidance8 is a non-profit charitable organization that has dedicated individuals.

Headquarters: Chicago, Illinois, United States

Industries: Education

Founders: Unknown

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43. SalesReady

The idea behind this startup: SalesReady deals with developing and implementing CRM, salesforce quote and E-signature.

Headquarters: Chicago, Illinois, United States

Industries: Consulting, CRM, Sales Automation

Founders: Unknown

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44. Midwest Park Capital

The idea behind this startup: Midwest Park Capital purchase mobile home communities and mobile home parks and engage in the rehabilitation and resale of assets.

Headquarters: Chicago, Illinois, United States

Industries: Commercial Real Estate, Real Estate, Real Estate Investment

Founders: Jonathan Tuttle & Cristian E. Dukes

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45. Alberts Wealth Advisors LLC

The idea behind this startup: Alberts Wealth Advisors LLC is a Wealth advisory firm that provides various types of financial services to their clients.

Headquarters: Orland Park, Illinois, United States

Industries: Financial Services, Insurance, Wealth Management

Founders: Unknown

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