About CFO Stack sector in Chicago, United States
The CFO Stack sector in Chicago, United States comprises 87 companies, including 23 funded companies having collectively raised $208M in venture capital money and private equity. Out of these, 14 are Series A+ funded.
CFO Stack sector in Chicago, United States has seen 9 acquisitions and 1 IPO. This represents almost 11.5% of all such companies - which is higher than the 4.3% exit rate of tech companies in general.
This sector includes companies providing collection of specialized tools and necessary systems/software that enable finance teams and finance leadership to effectively handle their daily tasks.
CFO Stack sector is also known as Tech Stack for Office of the CFO.
It includes software to automate major functions in CFO office like Financial Planning and Analysis, Budgeting, forecasting, treasury management, accounting, etc. It excludes all the Non-financial tools that do not integrate seamlessly with financial operations,.
Top CFO Stack Companies in Chicago, United States
There are 87 CFO Stack startups in Chicago, United States which include SAI360, onShore Security, BigTime, DFIN, Eved. Out of these, 23 startups are funded, with 14 having secured Series A+ funding.
2026 has seen the creation of 2 CFO Stack startups in Chicago, United States. Over the past 10 years, an average of 3 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Chicago, Booth School of Business and Stanford University.
Here is the list of top CFO Stack startups in Chicago, United States
1. SAI360
Cloud and AI based integrated GRC and EHS software provider. Its solutions include SAI360 GRC, SAI360 Learning, and SAI360 EHSandS. It provides tools to manage internal audits, risks, integrated compliance, IT security, and etc. The company caters to financial services, healthcare, manufacturing, and etc. It enables user access to a subscription based pricing module.
Key facts about SAI360
- Founded Year: 2008
- Location: Chicago (United States)
- Stage: Acquired
- Investors: EQT, Fulcrum Equity Partners and 2 Others
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 16 of 1,324 Competitors
OnShore Security provides cybersecurity services. Provides real-time monitoring, correlation, and analysis of an organization's network. The company uses IDS (intrusion detection system) technologies and collect data from cloud-placed sensors, firewalls, network devices etc and correlate data into company's proprietary SIEM (security information and event management) to provide end-to-end security.
Key facts about onShore Security
- Founded Year: 1991
- Location: Chicago (United States)
- Stage: Series B
- Total Funding till date: $46M
- Investors: Vertex Ventures, FPV Ventures and 5 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 5 of 672 Competitors
3. BigTime
Cloud based platform offering software for time tracking. The platform offers features such as time tracking, invoice management, reporting, accounting software integration, and more. It also offers project management, payment processing, and resource management solutions.
Key facts about BigTime
- Founded Year: 2002
- Location: Chicago (United States)
- Stage: Series C
- Total Funding till date: $117M
- Investors: Wavecrest Growth Partners, Geneva Venture Partners and 7 Others
- Latest Funding Round: Series C, Jan 20, 2022, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 17 of 3,266 Competitors
4. DFIN
Regulatory filing & reporting solutions provider. It provides solutions for regulatory filing & and reporting. Offered products include ActiveDisclosure, a regulatory document management solution, ArcFiling, an automated regulatory filing solution, ArcPro, a shareholder document review & approval solution, ArcReporting, a regulatory reporting solution, Venue, a virtual data room platform, and eBrevia, an AI-based document analysis solution. Clients include PayPal, IBM, SAP, Soxhub and AICPA.
Key facts about DFIN
- Founded Year: 2016
- Location: Chicago (United States)
- Stage: Public
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 39 of 2,919 Competitors
5. Eved
Eved provides a spend management and payments platform for businesses. Offers a complete Source-to-Pay cloud-based technology solution that automates the buying and selling of meetings.
Key facts about Eved
- Founded Year: 2010
- Location: Chicago (United States)
- Stage: Series C
- Total Funding till date: $31.4M
- Investors: MK Capital, Pritzker Group and 4 Others
- Latest Funding Round: Series C, Sep 21, 2020, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 198 of 8,630 Competitors
Companies founded year-on-year in the CFO Stack sector in Chicago
2 new startups have been founded so far in 2026 in the CFO Stack sector in Chicago. 7 CFO Stack startups in Chicago were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 6 |
2024 | 1 |
2023 | 2 |
2022 | 5 |
2021 | 4 |
2020 | 2 |
2019 | 3 |
2018 | 7 |
2017 | 2 |
Stage-wise distribution of CFO Stack sector companies in Chicago
Out of the total 87 CFO Stack companies in Chicago, 23 have secured funding. Among them, 14 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 87
Funded - 23
Series A+ - 14
Series B+ - 13
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 87 |
Funded | 23 |
Series A+ | 14 |
Series B+ | 13 |
Series C+ | 12 |
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Funding Trends in the CFO Stack sector in Chicago
Total funding year-on-year in the CFO Stack sector in Chicago
The CFO Stack sector in Chicago saw a total funding of more than $174M in the last 10 years. The most amount of funding was in 2022 at more than $103M. There has been a total funding of $31M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $31M |
2025 | $4.98M |
2024 | $12M |
2023 | $500K |
2022 | $103M |
2021 | $4M |
2020 | $1.88M |
2019 | $14M |
2018 | $305K |
2017 | $2.6M |
Recent Funding Rounds in CFO Stack in Chicago
In the year 2026, till February 2026, CFO Stack companies in Chicago have raised $31M in equity funding across 1 round.
In the same period last year (i.e. till February 2025), CFO Stack companies in Chicago had raised $4.98M across 1 round.
So, 2026 has seen a 522.77% rise in funding in CFO Stack companies in Chicago as compared to 2025.
Here are some recent, important funding rounds in CFO Stack companies in Chicago:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 9182 | Feb 19, 2026 | and 5 more | |
Series A | 6646 | Feb 04, 2025 | - | |
Series A | 1245 | Oct 24, 2024 | ||
Seed | 2518 | May 15, 2024 | - | |
Seed | 1410 | Nov 28, 2023 |
Top Investors in CFO Stack in Chicago
Plug and Play Tech Center is the top investor in CFO Stack companies in Chicago based on number of companies invested.
Here are some top investors in CFO Stack companies in Chicago:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
New York City (United States) | - | |
Austin (United States) | ||
Chicago (United States) | ||
New York (United States) | - |
M&A activity in CFO Stack sector in Chicago
In the year 2024, till August 2024, 2 acquisitions happened in CFO Stack sector in Chicago. Last year, in 2023, a total of 1 acquisition happened in CFO Stack sector in Chicago.
Here are some recent, important acquisitions in CFO Stack sector in Chicago:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 01, 2024 | ||
Business Acquisition | Jan 11, 2024 | ||
Business Acquisition | Aug 08, 2023 | ||
Business Acquisition | Dec 14, 2022 | ||
Acqui-Hired | Mar 07, 2022 |
Acquisition trends in CFO Stack sector in Chicago
Here are the acquisition trends in CFO Stack sector in Chicago:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | 1 |
2022 | 2 |
2021 | - |
2020 | 1 |
2019 | 1 |
2018 | 1 |
2017 | - |
IPOs in CFO Stack in Chicago
In the year 2016, till September 2016, 2 IPOs happened in CFO Stack sector in Chicago.
Here are some recent, important IPOs in CFO Stack sector in Chicago:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 30, 2016 | New York Stock Exchange (NYSE) | |
Sep 26, 2016 | New York Stock Exchange (NYSE) |
Colleges which produce the most CFO Stack companies in Chicago
Companies founded by alumni from top colleges in the CFO Stack in Chicago
Most number of CFO Stack startups in Chicago have been founded by alumni from University of Chicago, Booth School of Business and Stanford University.
College | No. of companies |
|---|---|
University of Chicago | 6 |
Booth School of Business | 4 |
Stanford University | 1 |
Tel Aviv University | 1 |
Yale University | 1 |
Total funding in CFO Stack companies founded by alumni from top colleges in Chicago
In the last 10 years, University of Chicago graduates' CFO Stack companies in Chicago have raised the most funding among top colleges. Booth School of Business alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
University of Chicago | $167M |
Booth School of Business | $5.94M |
Stanford University | $2.05M |
Tel Aviv University | - |
Yale University | - |
Top News in CFO Stack in Chicago
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Eved Announces Flo Mitchell-Brown to Spearhead Industry Relations for the Film & TV Production SectorBusiness Wire•Jan 27, 2025•Eved
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