While 2021 was a year unlike any other for Chicago startups, 2022 proved to be a much, and Chicago startups are waiting to see if venture capital funding can get back into the swing of things to begin the new year.

Last year saw a noted deceleration in venture funding,with just nine U.S. venture funding rounds resulting in a post-money valuation of $1 billion or higher in November compared to 48 in January, according to PitchBook.

“We also believe that down rounds and further slowing of valuation growth are likely to be trends in U.S. venture in 2023,” PitchBook's report noted.

The report, which provides an early outlook for U.S. venture capital activity for 2023, also shows that mega funding rounds, classified as $100 million or more, will fall to a three-year low in 2023.

Not everyone is convinced.

Chicago Inno spoke with several local investors who expect to see big things from Chicago tech in 2023.

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