Capital Midwest Fund
Venture capitalMequon · Seed–Growth · 3 people tracked
Investment thesis
Capital Midwest Fund targets revenue-stage companies headquartered in the Central United States that deliver problem-solving technology solutions across software, services, and products, primarily serving industrial, manufacturing, and other enterprise customers. The fund looks for management teams that understand trending technology themes, have applied that understanding practically to solve specific customer problems, and have demonstrated traction in gaining market acceptance.
Source: firm website, verified Aug 3, 2026.
Team · 3 people
from the firm's website
What they invest in
from 36 of 48 portfolio companiesSaaS ×18AI & Machine Learning ×13Enterprise Software ×12Healthtech ×7Hardware ×6Biotech ×5Fintech ×4IoT ×4
HQs:United States×31
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×122 founders×53 founders×14+ founders×1
Accelerator rootsportfolio companies that came through a program
Investments · 48 tracked
founders shown can be your intro pathBy year:2023 · 12022 · 12021 · 12020 · 22019 · 22018 · 12015 · 12014 · 22011 · 112 dated
SeaStar Medical develops the Selective Cytopheretic Device (SCD), a therapy that targets highly activated neutrophils and monocytes to neutralize the hyperinflammatory immune response in critically ill ICU patients facing conditions such as infection, trauma, or surgery.
BiotechHealthtechMedical DevicesDenver, US
Eric Schlorff(Executive Officer, Director)inKenneth Van Heel(Director)Leslie Bottorff(Director)William White(Director)H David Humes(Director)Peter DeComo(Director)
Co-investorsAphelion CapitalEarly Stage Partners, LPWMU Biosciences Research & Commercialization Center
PhySoft offers a SaaS clinical decision support platform that provides individualized, evidence-based dosing recommendations for tough-to-titrate and narrow therapeutic index drugs.
AI & Machine LearningDigital HealthHealthtechSaaSLisle, US
Lewis Mitchell(Chief Executive Officer)Roelof Boonstra(Chief Technology Officer)John Kluska(Chief Client Officer)Tim Nelson(Chief Financial Officer)Lewis A. Mitchell(Executive Officer, Director, Promoter)
BoardKevin Dahill(Director)
Co-investorsMayo Clinic Ventures
St. Petersburg, US
James Cutillo(Executive Officer, Director)J. Michael Cunningham(Director)Joseph Bryant(Director)Mark Komanecky(Director)Aaron Stafford(Director)
Board seatDaniel Einhorn· per SEC Form D · $9.4M raise · filed Mar 2023
Co-investorsID Ventures
Opus Genetics (formerly Ocuphire) is a clinical-stage ophthalmic biopharmaceutical company developing gene therapies and other treatments for inherited retinal diseases (IRDs) and other retinal and refractive disorders.
BiotechDeep TechDigital Health
Co-investorsAltium CapitalID Ventures
Predisease sells physician-recommended dietary supplement capsules and sachets through a mail-order system, with products targeting cholesterol, blood sugar, joint pain, menopause symptoms, and immunity.
ConsumerHealthtechWellness & Fitness
AdAdapted is a commerce media platform for CPG brands and agencies that targets high-intent shoppers and converts digital discovery into retail purchases through its patented one-click "Add-It" technology, including one-click carting, recipes, and retailer integrations.
AdTechConsumerMarketing TechRetail TechAnn Arbor, US
Molly McFarland(Executive Officer)inMichael Pedersen(Executive Officer, Director)Terese Hunwick(Director)
BoardRobert Cell(Director, Promoter)
Co-investorsID VenturesInvest MichiganTappan Hill VenturesWakestream Ventures
AIQ Solutions develops TRAQinform IQ, a software medical device that analyzes serial radiographic images (such as PET and CT scans) to quantify changes in individual tumor lesions over time.
AI & Machine LearningHealthtechMedical DevicesNew York, US
William O'Conor(Member of the Board of Directors)T. Gary Liberman(Chief Financial Officer and Secretary)Nicholas W. Stuller(Chief Executive Officer)
Co-investorsAurora ForgeNew York AngelsRock River Capital PartnersTundra AngelsVenture Management
Albi provides software for the insurance damage restoration industry, serving contractors and restoration companies.
Construction TechEnterprise SoftwareInsurTechPropTechSaaSDowners Grove, US
Alex Duta(Founder)inShamoil Soni(Founder)in
Co-investorsChicago Early Growth Ventures (CEGV)Y CombinatorSoma Capital
AppraisalVision provides software for mortgage market participants to orchestrate and automate appraisal fulfillment and collateral review.
FintechPropTechSaaS
Co-investorsFlorida FundersTamiami Angel
Backstitch provides internal communications and employee engagement software for organizations across industries including non-profits, health systems, manufacturing, and hospitality.
Enterprise SoftwareHR TechSaaSKansas City, US
Jordan P. Warzecha(Executive Officer, Director)Stefanie M. Warzecha(Executive Officer, Director)
BoardChris Seago(Director)
Co-investorsKCRise FundMissouri Technology CorporationSandalphon CapitalTechstarsSerra Ventures
BetterYou uses AI and cognitive science to build workplace wellness programs that encourage healthier habits such as better sleep, more physical activity, and social connection.
AI & Machine LearningHR TechWellness & Fitness
Co-investorsAtland VenturesEvolution VenturesForefront VentureGeekdomGreat North VenturesGROOVE CAPITAL+2 more
Bitsight provides a cyber risk intelligence platform that monitors entities across the internet to identify vulnerabilities and emerging threats in real time.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSCambridge, US
Nagarjuna Venna(Executive Officer, Director)inStephen Boyer(Executive Officer)inShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)Elizabeth Fischer(Executive Officer)Brian Cohen(Executive Officer)
Co-investors33NAlphaDriveComcast VenturesFlybridge Capital PartnersGlobespan Capital PartnersMenlo Ventures+7 more
Blue Pillar (Generac Link Manager) provides a platform to unify monitoring and control of industrial energy assets across mixed OEM environments, using protocols such as Modbus and CANBus.
EnergyEnterprise SoftwareIoTIndianapolis, US
Thomas J. Willie(Executive Officer, Director)Brad Witter(Executive Officer, Director)Kevin Kushman(Director)Bryan Urban(Director)
BoardBill Kingsley(Director)John McIlwraith(Director)in
Co-investorsAllos VenturesElevate VenturesArsenal Growth EquityClaremont Creek VenturesEnerTech Capital
Capacity builds an AI-powered platform for contact centers and support teams that automates customer support interactions through AI agents and agent assist tools.
AI & Machine LearningEnterprise SoftwareSaaSSt. Louis, US
David Karandish(Founder)inChris Sims(Co-founder)
Co-investorsCapital InnovatorsConnecticut InnovationsFINTOP CapitalFoothill VenturesMissionOGOceans Ventures+1 more
Elate is a strategy management platform that connects planning, execution, and reporting into a single system, with an AI layer that surfaces risks and automates updates.
AI & Machine LearningEnterprise SoftwareSaaSIndianapolis, US
William Brooks Busch(Executive Officer, Director)Abigail Parker(Executive Officer, Director)
BoardMike Asem(Director)
Co-investorsConnetic VenturesElevate VenturesHyde Park AngelsM25Serra VenturesWestWave Capital
enosix provides real-time SAP integration solutions that unify complex enterprise systems for manufacturers, consumer products companies, and other large organizations.
Data & InfrastructureEnterprise SoftwareSaaSCincinnati, US
Gerald Schlechter(Founder and Chief Strategy Officer)inGerald Schlecter(Executive Officer, Director)William Trainor(Director)Philippe Jardin(Executive Officer, Director)Dov Rosenberg(Director)
Co-investorsAllos VenturesJobsOhio VenturesMK CapitalMutual Capital PartnersSaaS Capital
FactoryFix operates a recruiting platform with AI recruiters that source, screen, and engage candidates from a pool of over 10 million manufacturing and skilled trades professionals.
AI & Machine LearningB2B MarketplacesHR TechChicago, US
Patrick O'Rahilly(Executive Officer, Director)
Co-investorsGreat North VenturesGrid CapitalGrotech VenturesHyde Park Venture PartnersTIMIA Capital
Forecastr provides financial planning and CFO services to early-stage founders and startups, helping them prepare for funding rounds and manage company growth.
Enterprise SoftwareFintechSaaSLouisville, US
Steven Plappert(Founder)inLogan Burchett(Founder)inJonathan Frazier(Founder)Steven Ambs(Founder)
BoardRobert Penta(Director)Daniel Einhorn(Director)in
Co-investorsChartline Capital PartnersConnetic VenturesConvergeElevate VenturesInterlock CapitalRender Capital+6 more
Frayt operates a logistics technology platform designed to build an innovative ecosystem for the logistics industry.
B2B MarketplacesLogistics & Supply ChainSaaSUnited States, US
Luke Denny(Executive Officer, Director)Timothy Yarbrough(Director)Clancy Boyer(Director)Joshua McCord(Director)
Co-investorsgener8torJobsOhio VenturesRefinery Venture
Milwaukee, US
Elizabeth Kelly Fitzsimmons(Executive Officer, Director)Stuart Olsten(Director)Roman Scharf(Director)Lauren Flanagan(Director)Ane K. Ohm(Executive Officer)Michael Dillon(Director)
Co-investorsWisconsin Investment Partners
Health Scholars (UpSkillAI) provides AI- and XR-based immersive training, using voice-powered VR simulations that let teams practice protocols hands-free.
AI & Machine LearningEdTechFuture of WorkWestminster, US
BRIAN GILLETT(Executive Officer)ROBERT SEHRING(Director)ANGELA MCFARLAND(Executive Officer)SCOTT JOHNSON(Executive Officer, Director)LAURA MEDINA(Executive Officer)RIKARD STEIBER(Director)
Co-investorsArboretum VenturesClarevia VenturesVenture Investors Health Limited Partnership
Hologram provides global IoT connectivity solutions that simplify device management and reduce costs for businesses deploying internet-connected devices across multiple countries.
HardwareIoTSaaSChicago, US
Benjamin Forgan(Executive Officer, Director)Patrick Wilbur(Executive Officer, Director)Anne Rosen(Executive Officer)
BoardNick Solaro(Director)in
Co-investorsBullpen CapitalConvergeDrive CapitalFounders Circle CapitalGutbrain VenturesHypothesis+7 more
Co-investorsEarth FoundryEmerald Development ManagersEnergy FoundryEvergreen Climate InnovationsPallasite VenturesWAVE Equity Partners+1 more
Intellispark provides a platform for K-12 schools that helps educators, administrators, clinicians, and families track and coordinate student support around academic performance, behavior, and mental health.
EdTechMental HealthSaaSMclean, US
Stephen Smith(Executive Officer, Director)inShaun Fanning(Executive Officer, Director)in
BoardDeborah Quazzo(Director)in
Co-investorsGSV VenturesK Street CapitalPHX Ventures
LightGuide provides an augmented intelligence platform that combines projected AR visual work instructions with AI-driven verification to guide and validate manual assembly, inspection, and repair tasks on the factory floor and in warehouses.
Advanced ManufacturingAI & Machine LearningHardwareWixom, US
PAUL RYZNAR(CEO, PRESIDENT)JIM MORROW(SECRETARY)JIM MEGYESI(TREASURER)RON HARBOUR(Director)DANIEL OROS(Director)JOHN MORROW(Director)
Co-investorsG2 Venture PartnersG2VP
LiquidCool Solutions builds high-density, liquid immersion-cooled rack-based servers using total liquid immersion and direct-to-chip flow in a standard 19" rack.
CleantechDeep TechHardware
Lumanu provides a platform for teams to manage vendor relationships with creators and influencers, handling onboarding, compliance, and payments.
Creator EconomyEnterprise SoftwareFintechSaaSBurlingame, US
Tony Tran(CEO and Founder)Kevin Katari(Executive Officer, Director)Peter Sachse(Director)Hieu Tran(Executive Officer, Director)Paul Johnson(Director)
Co-investors9Mile LabsCore Venture CapitalOrigin VenturesOssian CapitalLeawood Venture Capital Llc
Generac makes home generators, portable power products, and energy storage systems for emergency and backup power.
CleantechEnergyHardware
Co-investorsMetaplanet
NuCurrent designs and licenses wireless power and NFC charging architecture for wearables, hearables, and ambient devices, working with product manufacturers to integrate coil, silicon, firmware, and thermal design.
ConsumerDeep TechHardwareIoTChicago, US
Jacob Babcock(CEO)inStephen Wasko(Executive Officer)Megha Maripuri(Executive Officer)Jeffery Korach(Director)Chris Jensen(Director)
BoardDaniel Einhorn(Director)in
Co-investorsDipalo VenturesIU VenturesLakewest Venture PartnersHyde Park Angels
BiotechWest Bloomfield, US
Mina Sooch(Executive Officer, Director)Meyer Alan(Director)
Qorvo develops radio frequency and power semiconductor components, including front-end modules, power amplifiers, filters, switches, GaN transistors, and power management ICs.
HardwareHealthtechIoTSemiconductorsPlymouth, US
Harry Norris(Executive Officer, Director)Robert Bruggeworth(President & Chief Executive Officer)
BoardBrock Siegel(Director)Charlie Goff(Director)Jack Ahrens(Director)Paul Knapp(Director)
Co-investorsBand of AngelsLB InvestmentTensility Venture Partners
Realync is a video platform for multifamily property teams to create virtual apartment tours, personalized follow-up videos, and resident communications.
Marketing TechMedia & EntertainmentPropTechSaaSVernon Hills, US
Matthew Weirich(Executive Officer, Director)Ani Rangarajan(Co-Founder)Matt Weirich(Co-Founder & CEO)in
Co-investorsCharmides CapitalElevate VenturesSusquehanna Growth EquityM25Meridian Street Capital
Ann Arbor, US
Laura Khoury(CEO and President)Robert Cell(Director)Nancy Gilby(Director)
Co-investorsID VenturesInvest MichiganMichigan Rise
A biopharmaceutical company that discovers, develops, and delivers medicines and vaccines, with research and development across respiratory, immunology and inflammation, oncology, HIV, and infectious diseases.
BiotechHealthtechMedical DevicesSan Francisco, US
Co-investorsFrazier Life SciencesLongitude CapitalRA CapitalVivo CapitalOxford Finance LLC
SkySpecs provides data management and analytics software for renewable energy asset operators, helping them optimize maintenance and operational decisions for wind and solar installations.
AI & Machine LearningCleantechClimate TechEnergySaaSAnn Arbor, US
Daniel Ellis(President and CEO)David Roberts(CEO)Thomas Brady(CFO)Ryan Morton(Chief Technology Officer)Samuel DeBruin(Chief Operational Officer)Patrick Senatore(Director of Engineering)
Co-investorsDakota Venture GroupEvergy VenturesHuron River VenturesID VenturesInvest MichiganMcRock Capital+4 more
Sprocket Security offers an offensive security platform that combines attack surface management with continuous, human-supervised penetration testing to identify and verify threats to an organization's environment.
AI & Machine LearningCybersecuritySaaS
Co-investorsBlueprint Equity
Susquehanna Growth Equity is a growth equity investment firm, founded in 2006 and funded by entrepreneurs, that provides flexible capital to technology and services companies.
Co-investorsSusquehanna Growth Equity
Textel is a business SMS provider whose textel.net site now hosts Capacity's SMS AI agent for customer support.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsCultivation CapitalStout Street Capital
ThirdPartyTrust, now part of Bitsight, offers third-party risk management (TPRM) software covering the vendor lifecycle with real-time insights.
CybersecurityEnterprise SoftwareSaaS
Co-investorsSixThirty Ventures
Valid8 provides AI-powered software to extract, verify, and visualize transaction data from financial documents for forensic investigations and fraud detection.
AI & Machine LearningEnterprise SoftwareFintechLegalTechBoulder, US
Tod McDonald(Executive Officer, Director, Promoter)Chris McCall(CEO)
BoardDaniel Einhorn(Director)inRoger Chen(Director)inKevin Riegelsberger(Director)
Co-investorsFirstMile VenturesGreen Cow Venture CapitalSilverton PartnersTechstars
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 · 2
IPOs and acquisitions across the tracked portfolioSeaStar MedicalNASDAQ: ICUTextelacq. by Capacity
Portfolio news
latest coverage across their companies
AIQ · timesofindia.indiatimes.com · Aug 21, 2026
SeaStar Medical · manilatimes.net · Aug 12, 2026
(PMI) · investing.com · Aug 4, 2026
backstitch · blog.treasurie.com · May 29, 2026
Forecastr · bizjournals.com · May 19, 2026
SkySpecs · annarborusa.org · Mar 20, 2025
Frequently asked questions
- How many investments has Capital Midwest Fund made?
- Capital Midwest Fund has 47 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Capital Midwest Fund invest at?
- Capital Midwest Fund invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Capital Midwest Fund focus on?
- Capital Midwest Fund focuses on Advanced Manufacturing, Enterprise Software, SaaS.
- Where is Capital Midwest Fund located?
- Capital Midwest Fund is headquartered in Mequon, US.
- Who does Capital Midwest Fund co-invest with?
- Capital Midwest Fund most often shares deals with ID Ventures, Elevate Ventures, Techstars, among 113 tracked co-investors.
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