Chicago’s Wealthy Back Bay Area Fund for University Startups

A Silicon Valley venture capital firm has lured investment from billionaires including Don Wilson, Michael Polsky and Ashley Duchossois Joyce to fund University of Chicago technology startups.

MFV Partners, a Bay Area venture capital firm with ties to Chicago, is starting a $25 million fund dedicated to early-stage companies originating from the university. The fund, which will target startups in areas such as quantum computing and artificial intelligence, plans to back about 40 firms over the next three years.