🦊/Investors

25Madison

Venture studio

New York · Pre-Seed–Series A · 43 people tracked

Also known as 25MADISON PROPEL FUND MANAGEMENT COMPANY, LLC · 25MADISON VENTURES MANAGEMENT COMPANY, LLC

Find your way into 25Madison

1,986 people in our graph share verified history with the 25Madison team — schools, employers, funds. One of them is your warm intro.

Nancy Wangunlockedknows Merrill Anovick · together at Google (overlapped)
×2knows the team · via Summit Partners
knows the team · via Brown University
×4knows the team · via Google
knows the team · via Yale University
×3knows the team · via Columbia Law School
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Investment thesis

25Madison focuses on harnessing artificial intelligence to modernize legacy businesses across two main strategies. On the early-stage venture side, it incubates and invests in AI-native software and tech-enabled companies through its Studio (incubation) and Ventures (investment) arms. On the buyout side, its Propel strategy acquires and transforms lower-middle market businesses by applying AI. The platform combines company building, direct investment, and transformation buyouts under a unified applied-AI approach.

Source: firm website, verified Sep 15, 2026.

Stage
Pre-Seed–Series A
HQ
New York, New York, US
Instruments
Equity
Founded
2018
Last 12 months
5 investments
Private fund assets
$49.4M
VC funds
1
Tracked investments
59
Unicorns
2
IPOs
1

Team · 43 people

from the firm's website & public directories
Anna Vardanyan· Executive Assistant & Office Manager
Emma Biancheri· Associatein
Ryan Frost· Software Engineer

Founder mafia

2 people who came through 25Madison went on to found or lead other companies.

What they invest in

from 41 of 59 portfolio companies

Healthtech ×25AI & Machine Learning ×20Digital Health ×18SaaS ×16Enterprise Software ×5HR Tech ×5Data & Infrastructure ×4Advanced Manufacturing ×3

HQs:United States×25

Who they back

founder profiles across 19 portfolio companies
74%
solo founders
14 of 19 mapped founding teams
43%
repeat founders
of 21 founders with career history

Founding team size:solo founder×142 founders×23 founders×3

Where their founders studiedfrom 20 founders with education data

Imperial College London ×3University of Pennsylvania ×3Harvard Business School ×2Massachusetts Institute of Technology ×2

What their founders studiedfrom 19 founders with field-of-study data

Computer Science ×8Engineering ×6Business & Management ×3

Where their founders worked beforefrom 21 founders with career history

Boston Children's Hospital ×2Glispa Global Group ×2National Guard of Cyprus ×2

1 founders hold a PhD · 4 hold an MBA (of 20 with degree data)

Investments · 59 tracked

founders shown can be your intro path

By year:2026 · 42025 · 22024 · 12022 · 42021 · 12016 · 113 dated

Hut 8 Next-generation energy infrastructure company Visit →hut8.comin𝕏NASDAQ: HUT

Hut 8 operates high-performance computing (HPC) and data center infrastructure, including its Beacon Point data center campus.

Cloud ComputingCrypto & Web3Data & InfrastructureEnergy

Asher Genoot(Chief Executive Officer & Director)inSean Glennan(Chief Financial Officer)inMichael Ho(Chief Strategy Officer & Director)inVictor Semah(Chief Legal Officer & Corporate Secretary)

Co-investorsArchetypeCoatue ManagementFlucas VenturesVisary Capital

Abstractionabstraction.devinMay 2026 · $5M

Abstraction builds a code comprehension layer that compiles source code into a universal semantic model to generate auto-validated wikis, process graphs, system maps, and semantic PR reviews.

AI & Machine LearningDeveloper ToolsSaaS

Co-investorsInception Fund2048 VenturesAlumni VenturesAntlerBankless VenturesCosmostation+11 more

Aprilaprilhealth.com

April Health provides mental healthcare integration tools and services for primary care providers, particularly serving underserved and rural communities where psychiatric specialists are scarce.

Digital HealthHealthtechMental Health

Liberty Eberly, D.O. , eMBAin

Co-investorsThe MBA Fund

Basalt Health The AI-powered health care assistant Visit →basalt.health

Basalt is a healthcare software tool that reads incoming patient referral packets—including faxed PDFs, photographs, and scanned handwriting—extracts clinical and payer signals, and checks each referral against a facility's admission criteria, flagging findings as red, yellow, or green with links to the source document.

AI & Machine LearningDigital HealthHealthtech

Co-investorsNew Enterprise Associates (NEA)

Canopycanopyworks.comin

Canopy develops an IoT-based wearable safety platform for healthcare organizations to protect workers from safety risks and workplace violence.

Enterprise SoftwareHealthtechIoTPalo Alto, US

Shan Sinha(Co-founder & CEO)inVinay Pulim(Co-founder & Chief Technology Officer)inHemanth Meenakshisundaram(Co-founder & Chief Scientist)in

Co-investorsACME CapitalFounder CollectiveNextView VenturesSpero Ventures

Century Healthcentury.health

Century Health is an AI company serving the healthcare and life sciences sector, with a stated focus on using data to support patient outcomes and its partners.

AI & Machine LearningDigital HealthHealthtech

Vish Srivastava(Founder)in

Co-investors2048 VenturesEverywhere VenturesLifeX VenturesNext Play VenturesOrigin VenturesAlumni Ventures

Clearhealthincclearhealthinc.comin

Clear Health provides patient billing and payment collection software for healthcare providers, helping them recover revenue from patient responsibility by delivering accurate cost estimates before service and enabling pre-visit payment options.

Data & InfrastructureDigital HealthHealthtechSaaS

Co-investorsFortySix Venture Capital

Clearpolclearpol.comin

Clearpol provides AI-powered software solutions for post-acute and long-term care providers, including clinical oversight with real-time alerts, automated plan-of-correction generation, and regulatory compliance management.

AI & Machine LearningHealthtechSaaS

Arash Hosseini Jafari M.S.(Founder)in

Co-investorsIA Seed VenturesVertex VenturesRembrandt Venture Partners

Creaturecreaturestudio.comin

Creature Studio is a design and branding firm that works across brand strategy, product design, and customer experience for its clients.

Sector Agnostic

Co-investorsActive PartnersBoost Capital PartnersTorch Capital

Croissantcroissant.comin

Croissant is a resale app and browser extension that lets consumers see the resale value of fashion and branded items they own, then sell them for cash or store credit by shipping them in.

Circular EconomyConsumerMarketplaces

John Howard(Founder)in

Co-investorsThird Prime

Eonhealtheonhealth.comin

Eon Health provides a platform for detecting and managing lung cancer early, helping healthcare systems identify and track pulmonary nodules to improve patient outcomes.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Aki Al-Zubaidi(Founder)

Flourish Healthflourish.health

Flourish Health provides in-home mental health care for young people with serious psychiatric needs, combining clinical expertise with technology to deliver evidence-based treatment through multidisciplinary care teams.

Digital HealthHealthtechMental HealthNorth Carolina, US

Natalia Birgisson(CEO and Co-Founder)John Haskell(Co-Founder and President)Josh Gachnang(Co-Founder and Chief Technology Officer)

Co-investorsAcumen AmericaAV8 VenturesB Capital GroupCity LightF-Prime CapitalGratitude Railroad+5 more

Gratia Healthgratiahealth.comin𝕏

Gratia Health offers an employee engagement platform for healthcare organizations that uses gamification, smart rewards, and real-time recognition to reinforce behaviors like shift reliability, safety, and patient experience.

HealthtechHR TechSaaS

Co-investorsCity LightHeadwater VenturesJumpstart Capital

Handspring Healthhandspringhealth.comin

Handspring provides virtual mental health therapy for children, teens, and young adults, with insurance coverage and rapid access to care without waitlists.

Digital HealthHealthtechMental Health

Sahil Choudhryin

Co-investorsCobalt VenturesCornucopian Capital ManagementNextView VenturesNVP CapitalRPS VenturesVamosVentures+4 more

Keragonkeragon.comin

Keragon offers a no-code platform for healthcare organizations to build HIPAA-compliant workflow automations, aimed at clinical and operations teams.

AI & Machine LearningDigital HealthHealthtechSaaS

George Eracleous(Founder)inPanos Papageorgiou(Founder)inConno Christou(Founder)in

Co-investorsAfore CapitalFocal VenturesUpfront VenturesDarling VenturesFocal

Kouperkouperhealth.comin

Kouper builds an AI platform that automates patient-facing healthcare workflows — including appointment scheduling, insurance verification, discharge planning, and care coordination — for healthcare organizations.

AI & Machine LearningDigital HealthHealthtech

Co-investorsCVS Health Ventures

Kyrakyra.cominApr 2026

Kyra runs influencer marketing programs for global brands, activating creators across TikTok, Instagram, and YouTube and analyzing large volumes of creator video to forecast and measure campaign outcomes.

AdTechAI & Machine LearningCreator EconomyMarketing Tech

Dev Karaca(Founder)inDevran Amaratunga Karaca(CEO & Co-Founder)Nicholas Dart(COO/CTO & Co-Founder)inStewart Rawle(Chief Commercial Officer)inSteph Fadahunsi(Chief People Officer)Ed Galvin(Chief Financial Officer)in

Co-investorsGMG VenturesTorch CapitalLionTreeMercuri.vcMetaplanetfirstminute capital+3 more

Kyra Healthkyra.health

Kyra is an ICHRA (Individual Coverage Health Reimbursement Arrangement) platform that handles contribution modeling, quoting, enrollment, compliance, and year-round benefits support for employers, brokers, and employees.

HealthtechHR TechInsurTech

Lucas Hearn(Founder)in

Co-investorsDorm RoomFlyover CapitalWavemaker Three-Sixty Health

Ladder Healthladderhealth.coin

Ladder Health provides digital health services focused on pediatric care and developmental screening, helping families navigate healthcare options for their children.

Digital HealthHealthtechBoston, US

Elizabeth Kidderin

Co-investorsGROOVE CAPITALHatteras Venture PartnersJumpstart CapitalNina CapitalCREATE HEALTH VENTURES

Lifepoint HealthinDec 2022

HealthtechBrentwood, US

Paul D. Gilbert(Executive Officer)inMichael S. Coggin(Executive Officer)Leif Murphy(Executive Officer)William F. Carpenter(Executive Officer, Director)inJohn P. Bumpus(Executive Officer)inDavid M. Dill(Executive Officer)in

Co-investorsApollo

Lynd Clinicallyndclinical.comin

Lynd Clinical operates a network of clinical research sites in underserved rural and community markets, using technology and local partnerships to expand patient access to clinical trials.

AI & Machine LearningBiotechDigital HealthHealthtech

Matt Ullum(CEO)in

M7 Healthm7health.comin

M7 Health builds an AI-powered nurse and staff scheduling platform that forecasts staffing demand, auto-balances schedules, fills open shifts, and provides real-time coverage visibility for hospitals and health systems.

AI & Machine LearningDigital HealthHealthtechSaaS

Ilana Borkenstein(Co-founder)inEric Gruskin(Co-founder)in

Co-investorsJanuary VenturesLakehouse Venture PartnersThreshold VenturesFirst Round Capital

Marit Healthmarithealth.comin𝕏

Marit is a free career platform for physicians and advanced practice providers (APPs) that offers crowdsourced, anonymous salary data and aggregated job listings from employers, associations, and job boards.

Digital HealthHealthtechHR Tech

Rob Anderson(Co-founder)in

Co-investorsF-Prime CapitalDefine VenturesReach Capital

Midimidi.health

Virtual women's health clinic offering insurance-covered perimenopause, menopause and midlife care in all 50 U.S. states.

Joanna Strober(Founder)in

Co-investorsFelicis VenturesIcon VenturesSteelSky VenturesAdvance Venture PartnersForesite CapitalGingerbread Capital+4 more

Midi Healthjoinmidi.cominOct 2022

MIDI develops digital health solutions for patients and clinicians to improve access to and delivery of care across diverse populations.

Digital HealthHealthtechLos Altos Hills, US

Joanna Stober(Executive Officer, Director)Sharon Meers(Executive Officer, Director)inJoanna Strober(Founder)in

BoardAllison Gates(Director)in

Co-investors1843 CapitalAble PartnersAdvance Venture PartnersCity Lightf7 VenturesFelicis Ventures+16 more

Miravoicemiravoice.comin𝕏

Miravoice uses natural language processing to conduct automated voice interviews and surveys, capturing structured data, transcripts, and recordings.

AI & Machine LearningData & InfrastructureMarketing TechSaaSSan Francisco, US

Shreyas Tirumala(Founder)inNishant Jain(Founder)in

Co-investorsStartXUnusual Ventures

Novacynovacy.io

AI-powered sales intelligence platform analyzing body language and verbal communication from virtual meetings using NLP and non-verbal language processing.

Co-investorsSixth Millennium Venture Partners Management, Llc

Offloadletsoffload.comin

Offload is an AI-powered platform for oversized and overweight freight operations that digitizes permits, maps route restrictions into compliant navigation, and connects dispatchers and drivers.

AI & Machine LearningLogistics & Supply ChainSaaS

Co-investorsMarket Square VenturesCERVIN VENTURES

Opseraopsera.aiin𝕏

Opsera provides a no-code, AI-powered platform for DevOps and DevSecOps automation that helps enterprises orchestrate software delivery and security across multiple tools and cloud environments.

AI & Machine LearningDeveloper ToolsEnterprise SoftwarePalo Alto, US

Kumar Chivukula(Co-founder, CEO)Ravi Kumar Chivukula(Executive Officer, Director)

BoardRajeev Madhavan(Director)inWesley Chan(Director)inHuang Lee(Director)Patricia Hatter(Executive Officer, Director)

Co-investorsClear VenturesFelicis VenturesProsperity7 VenturesTrinity VenturesAlumni VenturesFPV+2 more

Paxtonpaxton.aiin𝕏

Paxton AI is a legal AI assistant for attorneys, law firms, and legal professionals that automates tasks such as contract review, case law research, document drafting, and analysis of medical or billing records.

AI & Machine LearningDigital HealthHealthtechLegalTechSaaS

Co-investorsFlori VenturesKyber Knight CapitalUnusual VenturesVoyager CapitalGaingelsIdentity.vc

Quantivlyquantivly.comin𝕏

Quantivly provides data liquidity and analytics tools for radiology providers, converting heterogeneous and legacy imaging data into usable insights about radiology operations.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechSaaS

Robert MacDougall(Founder)in

Co-investorsBoxOne VenturesLair East LabsNina CapitalNovaCapitalOne Way VenturesService Provider Capital+1 more

Rangerrfxrangerrfx.comin𝕏

Ranger provides an intelligence platform for industrial enterprises to manage procurement, engineering, and document workflows.

AI & Machine LearningDeep TechEnterprise SoftwareSaaS

Co-investorsNorthside VenturesPanache Ventures

Recoursehealthrecoursehealth.com

Recourse automates the U.S. federal Independent Dispute Resolution (IDR) process for healthcare providers, reading claims and remittance (837/835) data to identify eligible disputes, assemble evidence, file submissions, and capture outcomes that inform future claims.

AI & Machine LearningHealthtechSaaS

Siftsearchsiftsearch.com

Sift Search is a recruiting service that helps early-stage, venture-backed startups make foundational hires across engineering, product, and go-to-market roles, from founding engineers to first sales leads.

Future of WorkHR TechNew York, US

Silklinesilkline.aiinOct 2025 · $4M

Silkline provides supply chain orchestration software for advanced manufacturers, automating procurement workflows and enabling supplier collaboration to reduce time to revenue and improve operational efficiency.

Advanced ManufacturingEnterprise SoftwareLogistics & Supply ChainSaaS

Brent Shulman(Founder)in

Co-investorsBarrel VenturesMatchstick VenturesOrigin VenturesValia VenturesForward Deployed VCPlow Ventures

SNSEsnse.aiin

SNSE is an AI transformation consultancy that helps companies build strategy, integrate AI into brand, creative, UX, and operations workflows, and establish AI governance—including for regulated industries.

AI & Machine LearningEnterprise SoftwareFuture of Work

Swap Healthswaphealth.comin

Swap Health connects patients with registered dietitians for evidence-based, personalized nutrition care and lifestyle coaching.

Digital HealthHealthtechWellness & FitnessGrove City, US

Syndicatesyndicate.io𝕏Apr 2026Defunct

Syndicate provides infrastructure to scale the Ethereum blockchain, supporting staking and development operations on the network.

Crypto & Web3Mountain View, US

William Raphael Papper(Executive Officer, Director)Ian John Lee(Executive Officer, Director)ian //(Founder)in

Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzArchetypeAtelierBlueYard Capital+22 more

TCAREtcare.aiinSep 2022

TCARE provides a clinical protocol combining data-driven risk algorithms and dedicated specialists to assess and reduce burnout among family caregivers.

AI & Machine LearningDigital HealthHealthtechWellness & FitnessSt.Louis, US

Mohammad Ali Ahmadi(Executive Officer, Director)Vijay Anand(Executive Officer)Mike Mings(Executive Officer)Bikram Bakshi(Director)in

Co-investorsAmerican Family VenturesClaritas CapitalConnetic VenturesSixThirty VenturesZiegler Link-age Funds

Thrive Mobilethrivemobile.comin

Thrive Mobile provides affordable wireless plans through the Lifeline program, powered by SafetyNet Wireless, with plans starting at $0/month and integrated health resources for low-income users.

ConsumerHealthtechSaaS

Co-investorsPrimetime PartnersCVS Health VenturesFrist Cressey VenturesWinter Street Ventures

Trueholdtruehold.comin

Truehold Financial provides financing for real estate investors, including long-term loans for rental properties qualified on property cash flow and short-term loans covering purchase and renovation costs.

FintechPropTechSt. Louis, US

Azat Tulegenov(Founder)inConnie Adams(CEO)in

Co-investorsBAM VenturesClocktower VenturesGreat Wave VenturesHabitat PartnersLaunchpad CapitalSamsung Next+3 more

Vinesightvinesight.comSep 2022

Vinesight offers an AI-driven platform that detects disinformation and toxic narratives in real time, providing evidence-backed alerts to help organizations respond quickly.

AI & Machine LearningCybersecuritySaaSNew York City, US

Nir Hauser(Founder)

Co-investorsAnD Ventures

wilya.com 🡭wilya.com

A scheduling and workforce management platform for frontline workers in manufacturing that enables flexible work arrangements and skill-based assignment matching.

Advanced ManufacturingFuture of WorkHR TechSaaS

Rahil Siddiquiin

Co-investorsIron PrairieSchematic VenturesMotivate Venture Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Rebuild TechnologyRuby Home ServicesSkylark Travel GroupApril HealthBasalt HealthClearEonFlyteHealthFlyteHealth WebsiteGratiaLadderMaritNoopsRangerRanger RFXRecourse

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

1 IPOs

Hut 8 Next-generation energy infrastructure company Visit →NASDAQ: HUT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has 25Madison made?
25Madison has 59 tracked investments, 1 of which have exited, including 7 dated in the last 24 months.
What stage does 25Madison invest at?
25Madison invests at the Pre-Seed, Seed, Series A stages.
What sectors does 25Madison focus on?
25Madison focuses on AI & Machine Learning, Enterprise Software, Fintech, Healthtech, Retail Tech, SaaS.
Where is 25Madison located?
25Madison is headquartered in New York, US.
Who does 25Madison co-invest with?
25Madison most often shares deals with City Light, F-Prime Capital, Felicis Ventures, among 90 tracked co-investors.

Media · Podcasts & interviews

featuring the team

#21 - Jaja Liao, Principal at 25Madison

Nick's Notes · Jaja Liao

Images

25Madison photo25Madison photo25Madison photo25Madison photo25Madison photo25Madison photo

Co-investors · 7

Founder Collective

Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.

Both backed · 1
23andMe

23andMe Research Institute is a genetic research organization that unites a community of 11 million members to advance health discoveries and deepen understanding of human DNA through collaborative research. The institute operates a cycle where members contribute genetic data that fuels research, which produces insights and breakthroughs that flow back to members and society.

Both backed · 1
Arkitekt Ventures

An investment firm focused on entrepreneurs who translate cutting-edge science and technology into solutions that advance human health.

Both backed · 1
$100K – $10M
Slow Ventures

Slow Ventures is a generalist early-stage venture capital firm founded in 2011, with offices in San Francisco, Boston, and New York, investing in the earliest rounds of companies across many sectors.

$50K – $1M
General Partnership

The General Partnership (thegp) is a venture firm that supports founders with hiring, product execution, and go-to-market help to close the execution gaps that can undermine growing companies.

$1M – $30M
xfactor ventures

XFactor Ventures is an early-stage venture firm affiliated with the broader Flybridge community, giving portfolio founders access to a network of founders, builders, and mentors.

$100K – $200K
Stage 2 Capital

Stage 2 Capital is a venture capital firm backed by a network of go-to-market and revenue executives, focused on helping B2B software companies scale their revenue.

$200K – $4M

Firms observed investing alongside 25Madison, from public investor directories. Shared companies are the overlap with 25Madison's recorded portfolio.

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