FMG Capital
Family officeChicago · 7 people tracked
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Investment thesis
First Midwest Group is a commercial and residential real estate development and property management company established in 1984 that operates across Illinois and Wisconsin.
Source: firm website, verified Aug 6, 2026.
Team · 7 people
from the firm's website & public directoriesWhat they invest in
from 13 of 21 portfolio companiesConsumer ×7PropTech ×4AI & Machine Learning ×2B2B Marketplaces ×2Digital Health ×2Healthtech ×2Advanced Manufacturing ×1AgTech ×1
HQs:United States×10Singapore×2India×1
Investments · 21 tracked
founders shown can be your intro pathAdaptive Biotechnologies applies the genetics of the adaptive immune system to diagnostics and therapeutics, translating immune-system data into clinical insights for clinicians and biopharma companies.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesSeattle, US
Chad Robins(Chief Executive Officer, Co-founder, Chairman of the Board)inHarlan Robins(Co-founder; Chief Scientific Officer until 2026)inKathleen Determann(Executive Officer)inDean Schorno(Executive Officer)inChris Carlson(Executive Officer)Kyle Piskel(Chief Financial Officer)in
Co-investorsDecheng CapitalForesite CapitalKhosla VenturesViking GlobalCasdin CapitalOrbiMed
Cresco Labs is a vertically integrated cannabis producer and retailer that cultivates, manufactures, and distributes cannabis products through national brands and Sunnyside dispensaries.
Advanced ManufacturingAgTechB2B MarketplacesConsumerDigital HealthHealthtechChicago, US
Joseph Caltabiano(Executive Officer, Director, Promoter)Charles Bachtell(Executive Officer, Director, Promoter)Jason Erkes(Executive Officer)inDennis Olis(Executive Officer)inGreg Butler(Executive Officer)inKayvan Khalatbari(Executive Officer)in
Co-investorsMerida Capital Holdings
Boxed Up Self Storage is a locally owned self storage provider in Northern Illinois offering contactless 24/7 rentals of climate-controlled units, drive-up units, and vehicle, boat, and RV parking.
ConsumerPropTech
Toondemy provides NEP and EYFS aligned smart book sets, AI-powered learning tools, and a unified school app for preschool and kindergarten education (Preschool, Nursery, Junior KG, Senior KG).
AI & Machine LearningEdTechSaaS
Co-investorsKalaari CapitalEast Ventures
DSGCP is a venture capital and private equity firm focused on consumer brands in India and Southeast Asia, providing early-stage funding up to $5 million and operational support to founders building brands for next-generation consumers.
Consumer
Elev8.vc is a venture capital fund based in Singapore that invests in early-stage startups developing advanced technologies, particularly in enterprise and deep tech sectors.
Climate TechDeep TechMobility & TransportationSingapore, SG
Forest City Pub is a casual pub and bar in Rockford serving food and drinks to Radisson Hotel guests and local patrons.
ConsumerRockford, US
Golden Gate Ventures is an early-stage venture capital firm that invests in technology startups addressing opportunities in Southeast Asia's emerging consumer markets.
B2B MarketplacesFintechSingapore, SG
Kelvin TeoReynold Wijaya
Co-investorsMekong CapitalApolloArdian
Grubb Properties manages real estate investment funds with a focus on demographic-driven demand strategies.
Construction TechPropTechCharlotte, US
Clay Grubbin
Pabrai Investment Funds is a private investment fund.
West Lake Hills, US
Mohnish Pabrai(Managing Partner)
Rockford Business Center provides professional office spaces for small businesses, freelancers, and self-employed professionals.
PropTechRockford, US
Siena on Brendenwood is a senior independent living retirement community offering housing and amenities for older adults.
ConsumerPropTechWellness & FitnessRockford, US
Volcano Falls operates an indoor-outdoor recreation park in Rockford serving the local community with attractions including go-karts, batting cages, arcade games, miniature golf, and other entertainment activities.
ConsumerRockford, US
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Adaptive BiotechAlpha PartnersC.R.EDSG Consumer PartnersPabrai Investment FundsUnseen VenturesWaveseer
Exits · 2
2 IPOsAdaptive BiotechnologiesNASDAQ: ADPTCresco LabsOTC: CRLBF
Portfolio news
latest coverage across their companiesFrequently asked questions
- How many investments has FMG Capital made?
- FMG Capital has 21 tracked investments, 2 of which have exited.
- What sectors does FMG Capital focus on?
- FMG Capital focuses on PropTech, Sector Agnostic.
- Where is FMG Capital located?
- FMG Capital is headquartered in Chicago, US.
- Who does FMG Capital co-invest with?
- FMG Capital most often shares deals with Decheng Capital, Foresite Capital, Khosla Ventures, among 6 tracked co-investors.
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