Funding: $9.5 million in Series E and A (post-pivot)
Employees: 25-plus
Description: A product that helps companies efficiently spread research and development work across multiple computers.
Outlook: Univa projects doubling its business this year, while growing its customer base four times. Half of this growth will come from Europe and Asia.
PixelEXX Systems
Founders: Dr. Samuel Wickline, Stuart Solin, Kirk Wallace and Mike Hughes
Description: Developing a new way of imaging DNA, proteins and cells for medical and pharmaceutical research
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OCA VENTURES
Founded: 1999
Founders: Jim Dugan, John Dugan and Peter Ianello
Current (2nd) fund: $50 million (closed 2008)
Invested so far: About $32 million
Typical investment: $50,000 to $100,000 for seed investments; $500,000 to $2 million for main funds
Strategy: OCA typically leads or co-leads initial funding rounds. It recently launched OCA EDGE, which provides seed capital, often to consumer-facing web and mobile-commerce startups.
Portfolio Companies:
Apparel Media Group
Founder: Jared Golden, Gerry Hays and Amish Tolia
Founded: 2009
Funding: $1.8 million from seed and Series A rounds
Employees: 10
One sentence description: Enables companies to advertise through hyper-local sponsorship programs; for example, Gatorade sponsoring a kids' soccer team or AXE sponsoring college student groups.
Outlook: Apparel Media currently helps businesses reach groups in the offline world (via merchandise), but this year the company is launching its first consumer-facing platform, called Pear. The app enables school groups, sports teams, etc. to earn sponsorships by promoting a business of their choice via social media.
Power2Switch
Founders: Seyi Fabode and Phil Nevels
Description: Helps consumers acquire cheaper electricity with a few mouse clicks.
Cleversafe
Founder: Chris Gladwin
Description: Developed and offers a cutting-edge storage method for big data
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ORIGIN VENTURES
Founded: 1999
Founders: Steven Miller and Bruce Barron
Current (2nd) fund: $15.2 million (closed 2005)
Invested so far: All of it.
Typical investment: $1 million to $2 million
Strategy: Origin specializes in e-commerce, social media and software as a service companies. They target Chicago-area and Midwestern companies.
Portfolio companies:
Ifbyphone
Founder: Irv Shapiro
Founded: 2005
Funding: $17.6 million in Series A and B rounds
Employees: 70
Description: Using unique phone numbers, Ifbyphone tracks the sources of companies' incoming calls, thereby measuring the strengths of different online and offline advertising tools.
Outlook: Their goal is to double revenue and penetrate their technology deeper into several sectors, including real estate and home services. Each of these sectors relies heavily on phone conversations to close business.
GrubHub
Founders: Matt Maloney and Mike Evans
Description: An online food-ordering service
ClaimForce
Founder: Dennis O'Mahoney
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Chicago Technology Venture Capital Scorecard for 2011
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