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Illini Angels is an angel investment group based in Urbana-Champaign, Illinois, providing early-stage funding, advice, and mentorship to startups connected to the University of Illinois System. Operating as a program of Illinois Ventures, the university system's venture capital arm, it targets companies featuring founders, leadership, or technology linked to the university's three campuses. The group has deployed $1.7 million across 13 startups, with 65 of its 80 alumni members actively participating in investments. Notable portfolio companies include solid-state EV battery developer Natrion, which secured a $3+ million seed round, and AI platform FirstIgnite, which saw 388% revenue growth in 2024. Paul Magelli serves as its inaugural director, with Larry Sweat also a prominent member. Illini Angels was founded in 2023 by Illinois Ventures.
Illini Angels has 1 tracked investment across 1 company. The latest tracked deal is $2.3M Seed in Apriority in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 23, 2025 | Apriority | $2.3M Seed | Bridge, CAN, Illini Angels, Keiretsu Forum, Techstars, Valhalla Ventures | — |
