Fundraising Fox

Distributed Ventures

Venture capital

Chicago · Seed–Series A · 14 people tracked

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Investment thesis

Distributed Ventures backs early-stage founders at the frontier of risk, investing in the health, insurance, and wealth verticals where it believes risk can be transformed into opportunity with the right capital. It leads Seed and Series A rounds across the United States, writing $1-5M checks with a 15-20% ownership target and taking board seats or observer rights. Beyond capital, the firm emphasizes helping founders with enterprise distribution channels and focused go-to-market strategies, leveraging its network and expertise to connect startups with customers, guidance, and access to accelerate growth and reach product-market fit.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Series A
Check
$1M – $5M
HQ
Chicago, New York, US
Leads rounds
Leads
Instruments
Equity
Founded
2018
AUM
$100M
VC funds
2
Tracked investments
28

Team · 14 people

from the firm's website & curated & public directories

What they invest in

from 21 of 28 portfolio companies

SaaS ×9Fintech ×8Healthtech ×8AI & Machine Learning ×7InsurTech ×7Digital Health ×6HR Tech ×4Consumer ×2

HQs:United States×13

Who they back

founder profiles across 12 portfolio companies
58%
solo founders
7 of 12 mapped founding teams

Founding team size:solo founder×72 founders×33 founders×14+ founders×1

Investments · 28 tracked

founders shown can be your intro path

By year:2023 · 12022 · 12021 · 12019 · 25 dated

Armadillo Home SolutionsSep 2023SEC filingmedium confidence

Clarksville, US

Matan Slagter(Executive Officer, Director)

BoardLansdon Robbins(Director)

Board seatAdam Blumencranz· per SEC Form D · $5M raise · filed Dec 2024

Marble Pay, Inc.Nov 2022SEC filingmedium confidence

New York, US

Stuart Winchester(Executive Officer, Director)

BoardAndrew Lerner(Director)Tiffine Wang(Director)

Board seatAdam Blumencranz· per SEC Form D · $4.2M raise · filed Nov 2022

401Kplans401kplans.com
Armadilloarmadillo.onein𝕏

Armadillo offers a subscription-based home warranty product that covers repairs or replacements when household items and systems break.

ConsumerInsurTechPropTech

Matan Slagter(CEO)

Co-investorsInsurTech

Ascenduseascend.comin

Ascend is a financial operations platform purpose-built for insurance agencies, wholesalers, MGAs, and carriers, combining AI-powered accounting automation, payments, and premium financing.

AI & Machine LearningInsurTechSaaS

Praveen Chekuri(Founder)in

Co-investorsBoxGroupFinancial Venture StudioMGV.VCNFPNycaNyca Partners+3 more

Becvrdbecvrd.comin

CVRD provides a SaaS platform and administration services for managing fringe benefits and ICHRA (Individual Coverage Health Reimbursement Arrangements) for government contractors.

GovTechHR TechSaaS

Co-investorsNFPUpfront Ventures

CoverTreecovertree.comin𝕏Apr 2021

CoverTree provides insurance exclusively for manufactured homes, offering plans that can be purchased online with potential savings.

FintechInsurTechSaaSDetroit, US

RISHIE MODI(Executive Officer, Director)DIVYANSH SHARMA(Executive Officer, Director)ADARSH RACHMALE(Executive Officer, Director)Adarsh Rachmale(Founder)

Co-investorsAV8 VenturesEverywhere VenturesNFPThe Fund

CVRD

End-to-end fringe dollar optimization and benefits administrator for federal contractors.

Cylindercylinderhealth.comin𝕏

Cylinder Health is a data-driven digestive health organization that develops value-based care programs, products, and payment models in the gastrointestinal space.

Digital HealthHealthtech

Co-investors7wire VenturesBig Pi VenturesCorewell Health VenturesFCA Venture PartnersHealth Catalyst CapitalSemperVirens Venture Capital+3 more

Focalmeetwithfocal.comin

Focal is an AI meeting notetaker built for financial advisors, generating meeting summaries, follow-up emails, and tasks while addressing advisor-specific compliance and security needs.

AI & Machine LearningFintechSaaS

Co-investorsNFP

Honeycomb

Real estate insurance company offering customized policies via a digitally native, AI-enabled platform.

Honeycombinsurancehoneycombinsurance.comin

Honeycomb offers property insurance for condo associations (HOAs), building owners, property managers, and developers, using an AI-powered Inspector App that lets customers get quotes by taking property photos instead of arranging in-person inspections.

AI & Machine LearningInsurTechPropTech

Indiouseindio.comin𝕏

Indio is a cloud-based software platform that automates the insurance application and renewal process for agencies, brokerages, and insurers.

Cloud ComputingInsurTechSaaSSan Francisco, US

Matthew Watson(Executive Officer, Director, Promoter)Adam Bratt(Executive Officer)Michael Furlong(Executive Officer, Director, Promoter)

BoardAlex Kolicich(Director)in

Co-investors500 Global8VC9Mile LabsBetter Tomorrow VenturesMenlo VenturesMerus Capital+2 more

Kai Healthkaihealth.aiin

Kai Health offers an AI platform for "Autonomous Performance Improvement" that helps healthcare organizations reduce diagnostic errors and documentation gaps across clinical, operational, and financial performance, using real-time analytics, personalized training, and clinical decision support based on the RSQ clinical methodology.

AI & Machine LearningDigital HealthHealthtech

Co-investorsNFP

MARBLEmarblepay.com

Marble is a digital platform that consolidates, monitors, and manages consumers' insurance policies (home, auto, life, and others) in one dashboard, and automatically scans the market for lower-priced quotes on existing coverage.

ConsumerFintechInsurTech

Co-investorsBlue CollectiveFinTech VenturesMS&AD Ventures

Originorigintherapy.com

Origin provides in-home pediatric speech, occupational, and physical therapy, connecting families with local licensed therapists and offering insurance-covered sessions.

Digital HealthHealthtechMarketplaces

Gabe Hart(Founder)in

Co-investorsNFPThe MBA FundAcadian Ventures Management, LlcFELIX CAPITALNotion Capital

Origin Therapy

Automates back-office operations to help pediatric therapists build and grow private practices.

Pillar

Interview intelligence platform helping enterprises make better, more equitable hiring decisions.

Pillar Softwarepillar.hrin𝕏

AI Interview Companion (formerly Pillar, now part of Employ) is an AI tool that assists interviewers with transcription, summarization, interview guides, structured question generation, and interviewer coaching.

AI & Machine LearningHR TechSaaSIndianapolis, US

Mark Simpson(Executive Officer, Director)

BoardEric Tobias(Director)inScott Dorsey(Director)in

Co-investorsElevate VenturesHigh Alpha

PlanFeesplanfees.comin

PlanFees offers fee benchmarking tools for retirement plan advisors, including Prism for investment, recordkeeping, administrative, and advisor fee benchmarking, Prism365 for advisor fee and service benchmarking, and RFP Express for generating custom quotes from recordkeepers.

Enterprise SoftwareFintechSaaS

Posterity Healthposterityhealth.comin

HealthtechCentennial, US

Pamela Joy Pure(Chief Executive Officer)Barrett Edward Cowan(Director)Donald A Holzworth(Director)Dylan Lawrence Pure(Director)

BoardKyle Maierhofer(Director)Gerald M. McCarthy, Jr.(Director)

Co-investorsFCA Venture PartnersNFPSteelSky Ventures

Prestaletspresta.comin𝕏

Presta is a platform that provides end-to-end loan process management, enabling users to originate, underwrite, close loans, send disbursements, and receive monthly payments.

FintechCleveland, US

Peter Truog(Founder)in

Co-investorsMatchstick VenturesTechstarsZeal Capital PartnersThe Fund

RxSaveCardrxsavecard.comin

RxSaveCard offers a service that lets large self-insured employers and their employees access lower cash and discount card prices for prescription drugs without switching Pharmacy Benefit Managers, while maintaining ERISA fiduciary compliance.

Digital HealthFintechHealthtechHR TechChicago, US

Chris Crawford(CEO & Founder)inChristopher Crawford(Executive Officer)Jace Mouse(CTO & President)inWilliams Evans(Director)

BoardShawn Ellis(Director)in

Sagehellosage.comin

Sage provides care solutions designed to improve the lives of people needing care and their caregivers.

AI & Machine LearningDigital HealthHealthtechNew York City, US

Ellen Johnston(CPO & Co-founder)inMatt Lynch(Founder)in

Co-investorsIVP (Institutional Venture Partners)MaveronMerus CapitalP101 VenturesPLUS Capital

TrustLayertrustlayer.ioin𝕏Jan 2019

TrustLayer offers a platform that automates the collection, storage, and verification of vendor compliance documents such as certificates of insurance (COIs), providing centralized tracking and audit trails.

AI & Machine LearningFintechGovTechInsurTechSaaSBrandon, US

John Fohr(Executive Officer)Vincenzo Acinapura(Founder)in

Co-investorsAbstract VenturesPropel Venture PartnersPruVen Capital PartnersSuffolk TechnologiesCraft VenturesGraham+3 more

Tuned Caretunedcare.comin𝕏

Customizable hearing benefit providing employees with holistic hearing health care.

HealthtechNew York, US

Ofer Raz(Executive Officer)Danny Aronson(Executive Officer, Director)

BoardShawn Ellis(Director)in

Wellthwellthapp.comin𝕏

Wellth helps individuals with chronic diseases develop positive behavioral habits that improve health outcomes and quality of life.

Digital HealthHealthtech

Matthew Loper(CEO)

Co-investorsComcast VenturesFCA Venture PartnersNew York Life VenturesPortfoliaAtlantic Vantage PointCD-Venture+2 more

Wingspanwingspan.appin𝕏Dec 2019

Wingspan provides a platform for businesses to automate the full lifecycle of managing flexible workforces, including onboarding, invoicing, payments, compliance, and benefits.

FintechFuture of WorkHR TechSaaSNew York, US

Anthony Mironov(Co-founder)inGreg Franczyk(Co-founder)in

BoardShawn Ellis(Director)inDavid Ulevitch(Director)inPriya Saiprasad(Director)in

Co-investorsAndreessen HorowitzSwift Ventures186 VenturesAsymmetric Capital PartnersGood FriendsLong Journey Ventures+3 more

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.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Distributed Ventures made?
Distributed Ventures has 27 tracked investments.
What stage does Distributed Ventures invest at?
Distributed Ventures invests at the Seed, Series A stages.
What is Distributed Ventures's typical check size?
Distributed Ventures typically writes checks of $1M – $5M.
What sectors does Distributed Ventures focus on?
Distributed Ventures focuses on Digital Health, Enterprise Software, Fintech, Healthtech, InsurTech, Mental Health, SaaS.
Where is Distributed Ventures located?
Distributed Ventures is headquartered in Chicago, US.
Does Distributed Ventures lead rounds?
Yes, Distributed Ventures leads investment rounds.
Who does Distributed Ventures co-invest with?
Distributed Ventures most often shares deals with NFP, FCA Venture Partners, Merus Capital, among 53 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Shawn Ellis from Distributed Ventures!

Digital Health Heavyweights · Shawn Ellis

Episode 11 : Shawn Ellis, Managing Partner at Distributed Ventures

Digital Health Heavyweights · Shawn Ellis

Co-investors · 14

Craft Ventures

Craft Ventures is a venture capital firm run by a team of former founders, operators, and investors who partner closely with founders to help build and scale technology companies.

Both backed · 1
$50K – $50M
Menlo Ventures

Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.

Both backed · 1
$1M – $20M
Everywhere Ventures

Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.

Both backed · 1
$250K
Propel Venture Partners

Propel Venture Partners is an early-stage venture capital firm that backs founders building companies for the new economy.

Both backed · 1
$500K – $5M
Zeal Capital Partners

Zeal Capital Partners is an early-stage venture firm backing founders building companies across fintech, healthcare, and the future of learning and work, with a focus on closing gaps in wealth, health, and skills.

Both backed · 1
$250K – $2M
GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M
ACME Capital

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Lightbank

Lightbank is a Chicago-based venture capital firm that invests in early-stage technology companies and provides operational support to portfolio companies. The firm was founded by Eric Lefkofsky and Brad Keywell, entrepreneurs behind Groupon, Mediaocean, InnerWorkings, Echo Global Logistics, and Uptake.

$500K – $5M
Fin Capital

Fin Capital is an investment firm that backs B2B technology companies serving the financial services industry across the full company lifecycle.

$250K – $15M
SuperAngel.Fund

SuperAngel.Fund is an early-stage venture fund investing in Consumer, PropTech, and Future of Work companies, typically writing first checks. It also operates SuperAngelSyndicate.com.

$10K – $1M
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
American Family Ventures

American Family Ventures (AFV) is a venture capital firm focused on insurance and insurance-adjacent innovation, backed by an ecosystem of limited partners, founders, and innovators across major insurance lines.

$250K – $10M
2 more co-investors

Boehringer Ingelheim Venture FundEsplanade Ventures

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

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