Fundraising Fox

Lightbank

Venture capital

Chicago · Seed–Late Stage · 25 people tracked

Also known as LIGHTBANK ASSET MANAGEMENT, LLC

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Investment thesis

Early-stage, Midwest-focused VC and company builder that incubates in-house, backed by operator-heavy partners who've founded and scaled multiple companies and deployed over $150M into 70+ regional companies.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Late Stage
Check
$500K – $5M
HQ
Chicago, Illinois, US
Leads rounds
Follows
Instruments
Equity
Founded
2010
Last 12 months
7 investments
AUM
$700M
VC funds
8
Tracked investments
145

Team · 25 people

from the firm's website & curated & public directories
Achintya Chaudhariin
Anish Aggarwalin
Ayaan Patelin
Joe Hayesin
Lauren von Reynin
Maria Heyenin
Ryan Hrabakin
Dwight Greenhouse· Investorin

Founder mafia

4 people who came through Lightbank went on to found or lead other companies.

What they invest in

from 53 of 145 portfolio companies

SaaS ×24Enterprise Software ×14AI & Machine Learning ×13Fintech ×12Consumer ×6Healthtech ×6Marketplaces ×6Cybersecurity ×5

HQs:United States×49United Kingdom×1

Who they back

founder profiles across 27 portfolio companies
44%
solo founders
12 of 27 mapped founding teams
50%
repeat founders
of 12 founders with career history

Founding team size:solo founder×122 founders×93 founders×44+ founders×2

Where their founders studiedfrom 12 founders with education data

Indiana University Bloomington ×2University of Michigan ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 145 tracked

founders shown can be your intro path

By year:2026 · 22025 · 82021 · 12016 · 12015 · 22014 · 216 dated

Sprout Socialsproutsocial.comin𝕏NASDAQ: SPT

Sprout Social offers a social media management platform with AI, automation, integrations and analytics tools for marketing teams.

AI & Machine LearningMarketing TechSaaSSocialChicago, US

Aaron Rankin(Executive Officer, Director)Justyn Howard(Executive Officer, Director)Peter Soung(Founder)in

BoardPeter Barris(Director)Eric Lefkofksy(Director)Jason Kreuziger(Director)

Co-investorsNew Enterprise Associates (NEA)Goldman Sachs

1up1up.aiin𝕏✓ verified

1up provides an AI-powered sales platform that answers customer questions and delivers accurate information to go-to-market teams in real time.

AI & Machine LearningSaaSSales TechNew York City, US

Jayden R.(Founder)inGeorge Avetisov(Executive Officer, Director, Promoter)Manoj Abraham(Executive Officer)

BoardKobie Fuller(Director)

Co-investorsUpfront Ventures8-Bit CapitalAviso VenturesCalm VenturesRRE Ventures

B12b12.ioin𝕏✓ verified

B12 offers an AI-powered website builder that generates a complete first draft of a website, online store, portfolio, blog, or web app from a text prompt, which users can then refine via an AI agent or visual editor.

AI & Machine LearningMarketing TechSaaS

Nitesh Banta(Founder)inAdam Marcus(Founder)in

Co-investorsFrancisco PartnersLux CapitalSuffolk Equity PartnersBrand Capital InternationalFounder CollectiveGeneral Catalyst+5 more

Valarianvalarian.com✓ verified

Valarian builds ACRA, an infrastructure platform for organizations requiring high levels of control, privacy, and compliance in their digital environments.

Cloud ComputingCybersecurityEnterprise SoftwareLondon, GB

Max Buchan(Co-founder & CEO)inJosh McLaughlin(Co-founder & COO)

Co-investorsArtis VenturesIQ CapitalMolten VenturesNew Enterprise Associates (NEA)Scout VenturesFounders Factory+5 more

Hireologyhireology.comin𝕏Aug 2014

Hireology provides hiring and recruitment software designed to help multi-location businesses source, hire, and manage staff consistently across sites.

AI & Machine LearningHR TechSaaSChicago, US

Adam Robinson(Chief Executive Officer, President and Director)inMichael Krasman(Secretary and Director)Jeff Ellman(Member and Manager)

BoardMichael Krupka(Director)

Board seatBill Pescatello· per SEC Form D

Co-investorsBain Capital VenturesBaird Venture PartnersBlue Cloud VenturesBluestein Ventures

86 Repairs86repairs.comin

86 Repairs provides a platform to help restaurants manage repairs and maintenance, removing the burden of equipment R&M so operators can focus on their core business.

Enterprise SoftwareSaaS

Daniel Estrada(Founder & CEO)

Co-investorsChicago Early Growth Ventures (CEGV)Cleveland AvenueConnetic VenturesID VenturesLofty VenturesM25+5 more

A.M. Money
Aclaimantaclaimant.comin𝕏

Aclaimant provides risk management software to help organizations identify and actively manage business risks.

Enterprise SoftwareInsurTechChicago, US

Michael Schultz(Co-founder)David Wald(Executive Officer, Director)inJim Farber(Founder)

BoardLaura Brady(Director)

Co-investorsMercury FundModerne VenturesNext Coast VenturesRoyal Street Ventures Management Company, LlcRRE VenturesUrban Capital Network

Allegro Energy
AllFly
Andel
Andelandel.org

Andel is a cooperative pharmacy marketplace that gives employer health plans access to manufacturer-direct pricing on high-cost medications, cutting out rebates and middlemen.

Digital HealthHealthtechMarketplaces

Jay Bregman(Founder)in

Co-investorsCity LightBertelsmann InvestmentsHoughton Street Ventures

Andel Co-opOct 2025 · $4.5M

New York, US

Ritu Malhotra Singal(Executive Officer, Director)Jay Bregman(Executive Officer, Director)

Co-investorsHoughton Street Ventures

Aropha
ARTA
Atlas Reality
Attain
Avibra
Aviva Health
Axle Health
Basket
Bearinggetyourbearing.cominMar 2025 · $4.5M

Bearing provides software that digitizes corporate physical security operations on the ServiceNow platform, built by physical security leaders for security teams managing enterprise risk and vulnerability.

CybersecurityEnterprise SoftwareBridgeport, US

Michael A Conduff(Executive Officer)Philip E. Riley(Executive Officer)Michael P Madden(Executive Officer)James C Hunt(Executive Officer)Catherine L Spain(Executive Officer)Brad H Carmichael(Executive Officer)

Co-investorsCopper Sky CapitalHigh AlphaPHX VenturesAZ-VC

Beautylishin

San Francisco, US

Vu Nguyen(Executive Officer, Director)Nils Johnson(Executive Officer, Director)

BoardJames Watson(Director)

BenchPrepbenchprep.comin

BenchPrep is a learning management system for associations, credentialing bodies, and training companies that delivers exam prep, continuing education, and professional certifications.

EdTechEnterprise SoftwareSaaS

Ashish Rangnekar(Founder)inUjjwal Gupta(Founder)in

Co-investorsETS Strategic CapitalNew Enterprise Associates (NEA)NewView CapitalOwl VenturesJump CapitalRevolution

Benzingabenzinga.comin𝕏

Benzinga publishes financial news and market coverage, including company earnings, stock movements, and analyst commentary.

FintechMedia & Entertainment

Co-investorsWorldQuant Ventures

BillTrimbilltrim.com𝕏

BillTrim is a bill negotiation and management service where professional negotiators lower consumers' recurring bills (such as cable and cell phone) twice a year, monitor bills for price increases, and automatically pay them from a connected bank account.

ConsumerFintechSaaS

Dipesh Desai(Founder)inMatthew Turk(Founder)inAnubhai SuraMatt Turk

Co-investors500 GlobalCorazon CapitalNewfund Capital

Birdwatch
Blueprint
Boom
Bright Funding
Campus Inkcampus.inkin𝕏

Campus is a licensed merchandise platform for college athletes and Greek organizations (fraternities and sororities), enabling athletes to earn money through Name, Image, and Likeness (NIL) deals and custom merch sales.

E-commerceEdTechSports Tech

Co-investorsCapital InnovatorsConnetic VenturesHigh Street Equity PartnersIllinois VenturesRiverPark VenturesScrum Ventures+1 more

CancerIQ
CarbonCapture
Catalyticcatalytic.comin𝕏acquired by PagerDuty

PagerDuty Workflow Automation lets Dev and IT Operations teams automate manual business processes by combining human-in-the-loop steps such as approvals and decisions with technical automation like Runbook Automation.

Developer ToolsEnterprise SoftwareSaaSChicago, US

Sean Chou(Executive Officer, Director)Ravi Singh(Executive Officer, Director)

BoardPeter Barris(Director)

Co-investorsboldstart venturesChicago VenturesIn-Q-TelIntel CapitalHyde Park AngelsNew Enterprise Associates (NEA)

Chariotgivechariot.comin𝕏Jul 2025 · $3.6M

Chariot builds financial infrastructure for donor-advised fund (DAF) giving, connecting donors, nonprofits, and platforms to enable faster, verified charitable donations and payouts.

FintechImpact & Social GoodSaaSNew York City, US

Salomon Serfati(Founder)inAaron Kahane(Founder)inDrew Schneider(Founder)in

Co-investorsHAWKTAILMaven VenturesMaveronY CombinatorAlumni VenturesAndreessen Horowitz+6 more

Chariotchariot.comJul 2025 · $3.6MAcquired

Chariot operates a shared commuting service that uses optimized routing to transport multiple passengers between home and work destinations.

ConsumerMobility & TransportationSan Francisco, US

Romain Di Vuolo(Founder)in

Co-investorsMaven VenturesY CombinatorAlumni VenturesAndreessen HorowitzFJ LabsGraph Ventures+4 more

ChowderAug 2021

Peachtree City, US

Christopher O'Reilly(Member of the board of managers)Daniel Collier(Member of the board of managers)Stuart Roehm(Member of the board of managers)

Claim
Classkick

Co-investorsFundersClubKapor Capital

Clearcoverclearcover.comin𝕏

Clearcover is an insurance company that simplifies auto insurance coverage selection and claims processing through a mobile-first platform, enabling fast claim payouts.

InsurTechChicago, US

Kyle Nakatsuji(Executive Officer, Director)inDerek Brigham(Executive Officer, Promoter)inJennifer Kemp(Executive Officer)Jennifer Crutchfield(Executive Officer)Norman Smagley(Executive Officer)

BoardCynthia Hardy(Director)

Co-investors500 GlobalAmerican Family VenturesBetter Tomorrow VenturesGeodesic CapitalIA Capital GroupOMERS Ventures+2 more

Clever Sense

Babak Pahlavan(CoFounder)

Coffee Meets Bagelcohive.spaceJan 2015

San Francisco, US

Ahreum Kang(Executive Officer, Director)Da Woon Kang(Executive Officer, Director)

BoardOsuke Honda(Director)

Co-investorsAC VenturesAgaeti VenturesGingerbread CapitalQuest Venture PartnersZ Venture CapitalAtami Capital+2 more

Contentlycontently.comin𝕏Acquired

Contently is a platform and content management service that helps brands create and distribute editorial content at scale.

Enterprise SoftwareMarketing TechMedia & EntertainmentSaaSNew York City, US

Shane Snow(Executive Officer)Joseph Coleman(Executive Officer, Director)David Goldberg(Director)Dave GoldbergJoe ColemanPearl Collings

Co-investors500 GlobalContour Venture PartnersFf Venture CapitalHarmony PartnersJackson Square VenturesLongley Capital+2 more

Crowdrisecrowdrise.com𝕏Dec 2015acquired by GoFundMe

CrowdRise is an online fundraising platform that enables individuals and organizations to raise money for charitable causes and personal needs.

FintechMarketplacesLos Angeles, US

Edward Norton(Co-founder)Shauna Robertson(Co-founder)Robert Wolfe(CEO)Jeffrey Wolfe(Co-founder)in

BoardFred Wilson(Director)inBijan Sabet(Director)in

Co-investorsUnion Square Ventures (USV)Spark Capital

dClimate
Dockdock.usinDec 2025 · $42M

Dock is a revenue enablement platform that lets sales teams create shared client workspaces, deal rooms, and client portals, manage sales content, and build AI agents that draft proposals, follow-up emails, and mutual action plans from live CRM data.

AI & Machine LearningSaaSSales Tech

Co-investorsFjor FoundersOperator CollectiveRecall CapitalHearst VenturesLinse CapitalMatter Venture Partners+3 more

Docktrydock.ai𝕏Dec 2025 · $42M

Dock is a collaborative workspace where users create teams of specialized AI agents that coordinate with one another to carry out departmental work.

AI & Machine LearningEnterprise SoftwareSan Francisco, US

Govind Kavaturi(Co-Founder)inMike Molinet(Founder)in

Co-investorsY CombinatorHearst VenturesLinse CapitalMatter Venture PartnersRiverwood CapitalSozo Ventures+1 more

DraftDay
DRIVIN
Elevent
EventUpeventup.com

Eventup runs a US online marketplace for event spaces, listing venues such as galleries, lofts, warehouses, banquet halls, rooftop bars and conference centers across multiple cities.

PropTech

Jayna Cooke

Co-investors500 GlobalNew Enterprise Associates (NEA)

Expelexpel.comin𝕏

Expel provides managed detection and response (MDR) services for cybersecurity threats, helping organizations detect and respond to security incidents.

CybersecurityEnterprise SoftwareSaaSMclean, US

Dave Merkel(Chief Executive Officer)

Co-investorsBattery VenturesBurda Principal InvestmentsCapitalGCisco InvestmentsIndex VenturesMarch Capital Partners+4 more

Expelexpel.ioin𝕏

Expel provides managed detection and response (MDR) services powered by AI and 24/7 human security analysts.

Cybersecurity

Dave Merkel(Founder)inYanek Korff(Founder)in

Co-investorsCapitalGGreycroftMarch Capital PartnersBattery VenturesPaladin Capital GroupScale Venture Partners

Extendpaywithextend.comin𝕏

Extend provides a virtual card issuing platform and spend management software that banks can offer to their business customers.

Enterprise SoftwareFintechSaaSNew York City, US

Andrew(Founder)Danny(Co-founder)Guillaume(Co-founder)Guillaume Bouvard(Founder)

Co-investorsB Capital GroupB4 CapitalCommerce VenturesMarch Capital PartnersPoint72 VenturesReciprocal Ventures+2 more

Felux
Feluxfelux.comin

Felux is a software tool for steel service centers that automatically captures and analyzes RFQs, quotes, POs, and BOLs from sales teams' email, giving visibility into demand, quote and win rates, and no-quote activity by rep, customer, grade, and gauge.

AI & Machine LearningSaaSSales Tech

Co-investorsExpaSuffolk Technologies8VCSignia Venture Partners

Flywheel Exchange, Inc.flywheel.ioin𝕏

Flywheel provides a platform for organizing, managing, and sharing medical imaging data.

AI & Machine LearningData & InfrastructureHealthtechMedical DevicesMinneapolis, US

Brian Wandell(Co-founder)Gunnar Schaefer(Co-founder)Colby Moosman(Executive Officer)Matthew D. Michela(Executive Officer, Director)Sarah Fazio(Executive Officer)Jim Olson(Executive Officer)

Co-investors8VCBeringeaGreat North VenturesIntuitive VenturesiSelect FundNovalis LifeSciences+2 more

Foodafooda.comin𝕏

Fooda operates a marketplace that brings restaurant partners and popup dining experiences directly to workplaces, allowing employees to access fresh meals from high-rated restaurants without leaving their office location.

FoodTechHR TechMarketplacesChicago, US

Orazio Buzza(Executive Officer, Director)Jason Stulberg(Executive Officer)Alex Groesbeck(Executive Officer)Maddy.perseghin Maddy.perseghin

BoardJonathan K. Shulkin(Director)Susan S. Hassan(Director)

Co-investors500 GlobalChaifetz GroupFull In PartnersMultiplier CapitalValor Equity Partners

FreeAgent

Exits · 4

IPOs and acquisitions across the tracked portfolio

Sprout SocialNASDAQ: SPTCatalyticacq. by PagerDutyCrowdriseacq. by GoFundMeOvia Healthacq. by Labcorp

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Lightbank made?
Lightbank has 124 tracked investments, 4 of which have exited via acquisition or IPO.
What stage does Lightbank invest at?
Lightbank invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What is Lightbank's typical check size?
Lightbank typically writes checks of $500K – $5M.
What sectors does Lightbank focus on?
Lightbank focuses on Consumer, Crypto & Web3, EdTech, Enterprise Software, Fintech, Healthtech, Media & Entertainment, Retail Tech, SaaS.
Where is Lightbank located?
Lightbank is headquartered in Chicago, US.
Does Lightbank lead rounds?
Lightbank typically participates in rounds rather than leading them.
Who does Lightbank co-invest with?
Lightbank most often shares deals with 500 Global, New Enterprise Associates (NEA), 8VC, among 148 tracked co-investors.

Co-investors · 112

Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

$220K
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 · 2
Uncork Capital

Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.

Both backed · 2
ChariotTakeLessons
$3M – $5M
Insight Partners

Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.

Both backed · 2
$120M – $350M
Spark Capital

Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.

Both backed · 2
$500K – $25M
Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.

Both backed · 2
$1M – $8M
Chicago Ventures

Chicago Ventures is an early-stage venture capital firm that partners with founders in industries it views as overlooked, writing high-conviction checks and taking board seats.

Both backed · 2
$250K – $1M
Corazon Capital

Corazon Capital is a venture capital firm founded by investors and operators Sam Yagan and Steve Farsht to back founders pursuing bold visions through long-term partnership and hands-on advice.

Both backed · 2
$150K – $500K
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

Both backed · 1
$500K – $50M
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

Both backed · 1
$30M
Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

Both backed · 1
Fiverr
$5M – $100M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

Both backed · 1
Fiverr
$1.6M – $70M
100 more co-investors

Alumni VenturesFelicis VenturesEniac VenturesKapor CapitalBullpen CapitalCrosslink CapitalMaveronThrive CapitalGoodwater CapitalCostanoa VenturesJackson Square VenturesMontage VenturesContour Venture PartnersCultivation CapitalEqual VenturesRiverPark VenturesMercato PartnersFounders FundLightspeed Venture PartnersCraft VenturesUberEverywhere VenturesDCVC (Data Collective)Sound VenturesCRV (Charles River Ventures)DST GlobalGreat Oaks Venture CapitalTiger Global ManagementPlug and Play VenturesStreamlined VenturesSusa VenturesACME CapitalOffline VenturesNextView VenturesUpHonest CapitalFifth WallPrecursor VenturesCanvas VenturesAfore CapitalFloodgateInovia CapitalBowery CapitalBonfire VenturesIA VenturesTrinity VenturesRed Swan VenturesBuckley Ventures Management Company LlcLerer HippeauFoundryWEEKENDBAM VenturesM13Threshold Ventures75 & SunnyHustle FundGeneral PartnershipWinklevoss CapitalAngelPadCausalCowboy VenturesFuel CapitalPelion Venture PartnersTransmedia CapitalHyde Park Venture PartnersNyca PartnersBrand Foundry VenturesClimate CapitalAccelerator VenturesExpansive VenturesHelium-3 VenturesEndeavor CatalystNotation CapitalBoost VCSweet CapitalTenOneTen VenturesThink+ Ventures Management, LlcCurious CapitalFifty YearsRTP GlobalPeterson VenturesCelesta CapitalGriffin Gaming PartnersLearn CapitalNIVEvolve VC FundsGemini Israel VenturesDivergent CapitalPTC PolymarketArthur VenturesDag VenturesEnergy Capital VenturesMHS CapitalPortal VenturesElement PartnersCadenzaGlade Brook Capital PartnersWestRiver GroupCrossbeam Venture PartnersDistributed VenturesWealthing VC Club

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

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