Fundraising Fox

M25

Venture capital

Chicago · Pre-Seed–Series A · 12 people tracked

Also known as M25 GROUP, LLC

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Investment thesis

M25 focuses on pre-seed and seed stage technology startups headquartered in the Midwest, backing go-to-market founders. It applies a rigorous, data-driven scorecard that objectively scores team, market, product, traction, exit and growth, funding, and business plan to reduce risk while pursuing strong early-stage returns. The firm emphasizes its extensive networks and collaboration, helping syndicate deals, encouraging fair terms, and prioritizing relationships and founder-friendly advice. Its name draws on the Parable of the Talents (Matthew 25), reflecting a philosophy of responsible stewardship of both its own capital and capital entrusted to it by investors.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$500K – $3M
HQ
Chicago, Illinois, US
Leads rounds
Leads
Instruments
Equity
Founded
2015
AUM
$27M
VC funds
11
Tracked investments
40

Team · 12 people

from the firm's website & public directories
Katie Birge· Vice President Platform

What they invest in

from 11 of 40 portfolio companies

SaaS ×5AI & Machine Learning ×4Enterprise Software ×4B2B Marketplaces ×3Consumer ×2FoodTech ×2Healthtech ×2InsurTech ×1

HQs:United States×14

Investments · 40 tracked

founders shown can be your intro path
Authenticxauthenticx.comin

Authenticx is a conversation intelligence platform that uses AI trained on healthcare data to uncover system-critical insights from customer interactions, helping healthcare organizations identify barriers to better outcomes and improve operational efficiency.

AI & Machine LearningEnterprise SoftwareHealthtechCarmel, US

McKay Dunn(Director)Amy Brown(Executive Officer, Director)Melanie Bella(Director)

Board seatVictor Gutwein· per SEC Form D

Continuum Technologies, IncSEC filingmedium confidence

Chicago, US

Board seatVictor Gutwein· per SEC Form D · $7.2M raise · filed Mar 2026

GetCheddar𝕏SEC filingmedium confidence

Bloomington, US

Jeffery Hamilton(Director)Marc Guyer(Director)Michael Philip Trotzke(Executive Officer, Director)Victor Gutwein(Director)Mikel Berger(Director)

Board seatVictor Gutwein· per SEC Form D · $1M raise · filed Jul 2017

Moonnoxmoonnox.cominSEC filingmedium confidence

Moonnox is a professional services platform that embeds AI into consulting workflows to capture and operationalize project knowledge, helping consulting firms scale by reducing knowledge loss and improving delivery consistency.

AI & Machine LearningEnterprise SoftwareSaaSChicago, US

Robert Ong(CEO)David Cotten(Chief Technology Officer and Co-Founder)Victor Gutwein(Director)Glen Stoffel(Chief Revenue Officer)

Board seatVictor Gutwein· per SEC Form D · $2M raise · filed Sep 2025

Rentgratarentgrata.comin

Rentgrata is a platform that automates ambassador and referral programs for residential communities using AI-generated insights from resident conversations.

AI & Machine LearningPropTechSaaSChicago, US

Ben Margolit(Chief Executive Officer)inZachary Sloan(Chief Financial Officer)Sam McArtor(Chief Operating Officer)in

Board seatVictor Gutwein· per SEC Form D

2Ndkitchen2ndkitchen.comin

FoodTechChicago, US

ARIEL GAISLER(Director)NICOLAS ANASTASIADES(Executive Officer, Director)JONATHAN ELRON(Director)

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)

Ableteamsableteams.com
All-in-one education management platform
AMOpportunitiesamopportunities.org

AMOpportunities operates a marketplace and SaaS platform connecting international medical trainees and healthcare students with U.S. clinical training experiences, while providing workflow management solutions for medical schools and clinical sites.

B2B MarketplacesHealthtechSaaSTravel & HospitalityChicago, US

Benjamin Bradley(Executive Officer, Director, Promoter)Kyle Swinsky(President, Co-Founder)Daniel Flores(Executive Officer)Kevin Iverson(Executive Officer)John Danaher(Executive Officer)Mamta Patel(Executive Officer)

APFusionapfusion.comin

APFusion is a B2B automotive marketplace that connects salvage yards with vendors to increase inventory availability and streamline parts ordering and management.

B2B MarketplacesSaaSUrbana, US

ROBERT A SMITH(Director)ALEX SMITH(Executive Officer, Director)

Augmented reality (AR) therapeutic tool
Automatic UI testing
Bizzybizzycoffee.comin

Bizzy produces certified organic cold brew coffee sold in ready-to-drink form in select retail locations.

ConsumerFoodTech

Black community health and wellness
Breeze
digital credentials
Getlynxgetlynx.coin
Hippo Managerhippomanager.com
Humanpredictions
Inactive
Itiliti Health
Joshinjoshin.comin

North Oaks, US

Robert Sarrazin(Director)Melissa Danielsen(Executive Officer, Director, Promoter)Melanie Fountaine(Executive Officer, Director, Promoter)Matthew Jones(Director)Alexander Hansen(Executive Officer)

Kayak for influencer marketing
Kin Insurancekin.comin𝕏

Kin is a home insurance provider that offers both self-service and agent-assisted policy purchase and management for homeowners.

InsurTechChicago, US

Sean Harper(Co-Founder and Chief Executive Officer)S. Caribou Honig(Director)Lucas Ward(Executive Officer and Director)

BoardEric Carlborg(Director)Dan Rosen(Director)

local government data
Mission Control Gg

St. Louis, US

Austin Smith(Executive Officer)

Oathverifiedoathverified.com
Online personalized primary care
Playbite
Plural
Resource planning platform
Rmark Bio
The AI copilot for Electrical Contractors
Travausetrava.comin𝕏

Trava is an AI-powered compliance platform that audits customs entries and product classifications for US importers to identify overpaid duties, recover refunds, and ensure compliance.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSan Francisco, US

Pushkar Lanka(Founder)in

Unannounced
Unannounced Healthcare
Whistle
Yottled
Zohrzohr.comin𝕏

Zohr provides mobile tire replacement and repair services that come directly to customers at their location.

B2B MarketplacesConsumerMobility & TransportationKansas City, US

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.

Frequently asked questions

What stage does M25 invest at?
M25 invests at the Pre-Seed, Seed, Series A stages.
What is M25's typical check size?
M25 typically writes checks of $500K – $3M.
What sectors does M25 focus on?
M25 focuses on Consumer, Enterprise Software, Fintech, Healthtech, InsurTech, Logistics & Supply Chain, SaaS, Sector Agnostic.
Where is M25 located?
M25 is headquartered in Chicago, US.
Does M25 lead rounds?
Yes, M25 leads investment rounds.

From the blog

visit blog ↗

M25 recently invested in three AI-native platforms addressing fragmented, manual workflows: Immigify for legal immigration compliance, Oath for financial audit verification, and Stock for supply chain inventory management. AI summary

Media · Podcasts & interviews

featuring the team

Midwest Startup City Rankings: Victor Gutwein, Founder and Managing Partner, M25

5 Lakes Institute · Victor Gutwein

#7 - Abhinaya Konduru (Associate @ M25) Tech Ecosystem - Working on a small team

ConfluenceVC: The VC Operating Playbook · Abhinaya Konduru

Abhinaya Konduru @ M25 on Life as a Junior VC, Chicago Collaboration, and Early-Stage Analysis

Chicago Capital Podcast · Abhinaya Konduru

Investor Series - Mike Asem, VC, M25 - RBL1 Live

Rebel One · Mike Asem

Victor Gutwein, Managing Director, M25

Victor Gutwein · vimeo.com

Investor Series - Mike Asem, VC, M25 - RBL1 Live | Investor Series - Mike Asem, VC, M25 - RBL1 Live Rebel One - RBL1.com - Accelerating Impact Founders & Investors https://www.rbl1.com/invest Link:... | By RBL1 - Rebel One

Mike Asem · facebook.com

Images

M25 photo

Co-investors · 22

Left Lane Capital

Left Lane Capital is an investment firm focused on hyper-growth consumer and technology businesses that have enduring customer relationships, applying a data-driven, specialized approach to help companies scale.

Both backed · 1
$5M – $75M
Hyde Park Venture Partners

Hyde Park Venture Partners (HPVP) is an early-stage venture fund investing in AI, software, and tech-enabled services companies connected to the Midwest, Toronto, or the Southeast.

Both backed · 1
$500K – $3M
Geodesic Capital

Geodesic Capital is a venture firm that invests in multi-stage technology companies and helps them expand into Asian markets, starting with Japan, through strategic guidance and market access.

Both backed · 1
Everywhere Ventures

Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.

$250K
True Ventures

True Ventures is an early-stage venture capital firm that writes the first check for founders and supports them through subsequent stages of growth.

$500K – $3M
Inovia Capital

Inovia Capital is a full-stack venture capital firm based in Canada with a presence in Europe, partnering with founders to build enduring global technology companies.

$250K – $8M
Pareto Holdings

Pareto Holdings is an early-stage investment and company-building firm headquartered in the United States that operates globally. It has never raised outside capital and is self-funded by design.

$100K – $5M
Tribe Capital Firstlook

Tribe Capital is a venture firm that uses an AI and data-science engine for quantitative underwriting to invest in technology companies, and runs a co-investment program called Firstlook.

$25K – $40M
Cowboy Ventures

Cowboy Ventures is an early-stage venture firm focused on partnering with startups at the pre-seed and seed stages, offering hands-on support to help build enduring companies.

$500K – $4M
Bedrock

Bedrock is an investment firm whose stated approach centers on identifying opportunities that run counter to prevailing market narratives.

$5M – $30M
Cultivation Capital

Cultivation Capital is a venture capital firm that invests in early-stage companies with the potential to transform how people live and work, backing them from Series Seed through Series B.

$100K – $3.5M
10 more co-investors

Cambrian VenturesPreface VenturesC2 VenturesEquity Allianceat.inc/Next Level VenturesVillage CapitalBlue Heron CapitalInvest NebraskaEvergreen Climate Innovations

Firms observed investing alongside M25, from public investor directories. Shared companies are the overlap with M25's recorded portfolio.

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