A group of 44 Chicago CEOs and venture capitalists, including Morningstar CEO Joe Mansueto, have formed a $5.7 million fund to invest in new technology businesses, mainly in the Chicago area, Crain's Chicago Business reports.

Keeping true to its mandate, the group will reportedly vote electronically on potential investments after an investor has provided due diligence on a prospective venture. Investors who pony up $200,000 will have two votes while others who invested $100,000 will have one vote. It was not clear how much Mansueto has invested in the fund.

The Chicago Tribune also picked up on Mansueto's latest venture.  

Edited by: Hung Tran


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