Fundraising Fox
Chicago · Pre-Seed–Seed · 11 people tracked
Also known as M25 Group · M25 GROUP, LLC
Find your way into M25
Sign up to see every warm intro you have to M25
- Paths you didn't know you had: your email and LinkedIn already hold routes to the M25 team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
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 Oct 5, 2026.
Team · 11 people
from the firm's website & public directories
Founder mafia
4 people who came through M25 went on to found or lead other companies.
What they invest in
from 70 of 126 portfolio companiesSaaS ×37AI & Machine Learning ×21Consumer ×14Enterprise Software ×14Healthtech ×12Fintech ×7HR Tech ×7Digital Health ×6
HQs:United States×57United Kingdom×1Mexico×1
Who they back
founder profiles across 25 portfolio companiesFounding team size:solo founder×132 founders×93 founders×3
Where their founders studiedfrom 27 founders with education data
Purdue University ×4Colorado State University ×2The University of Chicago Booth School of Business ×2The Wharton School ×2University of Chicago ×2University of Minnesota Duluth ×2
What their founders studiedfrom 29 founders with field-of-study data
Computer Science ×6Business & Management ×5Economics ×5Engineering ×4Finance & Accounting ×2Law ×2
Where their founders worked beforefrom 29 founders with career history
Ey ×3HackerRank ×3Opiniion ×3Rethink ×2
Accelerator rootsportfolio companies that came through a program
1 founders hold a PhD · 5 hold an MBA (of 29 with degree data)
Investments · 126 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 52024 · 62023 · 102022 · 62021 · 62020 · 42019 · 32018 · 32017 · 12016 · 148 dated
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
Amy Brown(Founder & CEO)inMcKay Dunn(Director)inMelanie Bella(Director)
Board seatVictor Gutwein· per SEC Form D
Co-investorsAllos VenturesBeringeaElevate VenturesHigh AlphaMutual Capital PartnersBlue Heron Capital+3 more
Cheddar is a usage-based, decoupled billing platform that tracks customer activity first and applies billing rules second, letting teams change pricing without rewriting billing code.
Developer ToolsFintechSaaSBloomington, US
Michael Philip Trotzke(Executive Officer, Director)Jeffery Hamilton(Director)Marc Guyer(Director)Mikel Berger(Director)
Board seatVictor Gutwein· per SEC Form D · $1M raise · filed Jul 2017
Co-investorsElevate Ventures
Moonnox is an AI-powered operating system for system implementation and delivery teams, integrating with existing tools to codify team methodology and institutional knowledge into a persistent "Collective IQ." It serves systems integrators and internal IT/delivery teams, from boutique firms to enterprises, in the professional services and consulting delivery software market.
AI & Machine LearningEnterprise SoftwareSaaSChicago, US
David Cotten(Chief Technology Officer and Co-Founder)inRobert Ong(CEO)inGlen Stoffel(Chief Revenue Officer)in
Board seatVictor Gutwein· per SEC Form D
Co-investorsService Provider CapitalEarly Light VenturesHyde Park Angels
Rentgrata operates a resident referral and ambassador platform that lets prospective renters chat with current residents before leasing, while automating referral programs and surfacing AI-generated insights from those conversations.
AI & Machine LearningPropTechSaaSChicago, US
Ben Margolit(Co-founder)inSam McArtor(Co-founder & COO)inZach Sloan(Co-founder & Chief Sales Officer)in
Board seatVictor Gutwein· per SEC Form D
Co-investorsBread And Butter Ventures, LlcForefront VentureBigfoot Capital
FoodTechChicago, US
NICOLAS ANASTASIADES(Executive Officer, Director)JONATHAN ELRON(Director)ARIEL GAISLER(Director)
Co-investorsGreat North VenturesHyde Park Venture PartnersTechstars
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)in
Co-investorsChicago Early Growth Ventures (CEGV)Cleveland AvenueConnetic VenturesID VenturesLightbankLofty Ventures+8 more
Aerovy provides an operating platform for industrial companies that layers AI agents, automation, and custom SaaS applications on top of a governed data fabric connecting machines, ERPs, and dealer networks.
Advanced ManufacturingAI & Machine LearningCloud ComputingSaaSWest Lafayette, US
Nick Gunady(CEO)in
BoardThomas Chen(Director)Sandy Schwartz(Director)in
Co-investorsKnoll VenturesMudita VentureQuorum Capital PartnersFlywheel Fund
AMOpportunities operates a clinical training platform that connects medical, MBBS, and nursing students with clinical placements at U.S. and international healthcare sites, offering visa and immigration support.
B2B MarketplacesEdTechHealthtechMarketplacesSaaSTravel & HospitalityChicago, US
Benjamin Bradley(Executive Officer, Director, Promoter)Kyle Swinsky(President, Co-Founder)inDaniel Flores(Executive Officer)inKevin Iverson(Executive Officer)inJohn Danaher(Executive Officer)inMamta Patel(Executive Officer)in
Co-investorsDreamit VenturesChicago Early Growth Ventures (CEGV)HealthX VenturesLaerdal Million Lives FundOui CapitalPACE Healthcare Capital+1 more
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
Alex Smith(Founder)inROBERT A SMITH(Director)
Co-investorsFJ LabsLeft Lane CapitalBedrockBedrock Capital
.png)
Axuall provides a workforce intelligence solution for healthcare staffing and operations, using clinician data to address needs in credentialing and workforce management.
AI & Machine LearningData & InfrastructureDigital HealthHealthtechHR TechCleveland, US
Charles Edward Lougheed, III(Executive Officer, Director, Promoter)Charlie Lougheed(Founder)inKathryn Zeller Lougheed(Executive Officer, Director, Promoter)
Co-investorsAV8 VenturesEpsilon Health InvestorsFlare Capital PartnersFrist Cressey VenturesInHealth VenturesIntermountain Health+2 more
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)inStefanie M. Warzecha(Executive Officer, Director)
BoardChris Seago(Director)
Co-investorsCapital Midwest FundKCRise FundMairs & Power VCMissouri Technology CorporationSandalphon CapitalSerra Ventures+2 more
BallotReady provides nonpartisan data on ballots, elections, and elected officials, along with tools for voter registration, polling place lookup, contacting officials, and running for office.
ConsumerData & InfrastructureGovTechImpact & Social GoodSaaSChicago, US
Aviva Rosman(Founder)Alex Niemczewski(Founder)in
Co-investors37 AngelsFlow CapitalHigher Ground LabsInvestHER VenturesWakestream Ventures
Benji produces plant-based sausages made from wheat protein as a meat alternative for consumers seeking lower cholesterol and fat content.
Circular EconomyConsumerDirect to ConsumerFoodTech
Co-investorsUnovis Asset ManagementATINCGreat North VenturesHyde Park Venture PartnersPreface Ventures
Bizzy Cold Brew produces premium cold brew coffee made from organic arabica beans using a slow 18-hour brewing process, packaged in recycled bottles.
ConsumerFoodTech
Andrew Healy(Founder)inAlex
Co-investorsBluestein VenturesBread And Butter Ventures, LlcConnetic VenturesSidekick PartnersSpiral Sun VenturesFortino Capital+1 more
Blumira offers a cloud-based security operations platform that combines SIEM, endpoint detection, identity threat detection, and cloud monitoring to detect and respond to threats, surfacing actionable cases with guided response playbooks and compliance reporting.
Cloud ComputingCybersecuritySaaS
Co-investorsArray Ventures Management LlcMercury FundRPS VenturesTen ElevenHyde Park Angels
Breeze provides technology-driven cargo insurance for freight forwarders, logistics service providers, and shippers, offering instant quotes, self-service coverage, and fast claims settlement.
FintechInsurTechLogistics & Supply ChainSaaS
Eyal Goldberg(Founder)in
Co-investorsNFXSymbolTrousdale VenturesFiat VenturesInvest NebraskaLink Ventures
Breeze provides a single API integration that lets companies process payments and payouts to their users, acting as a global merchant of record that handles payment methods (card, bank, crypto), chargeback liability, sales tax collection, and billing support.
Crypto & Web3FintechSaaSNew York City, US
Millie Yang(Founder)inPeng Du(Founder)in
Co-investorsMulticoin CapitalSequoia CapitalFiat VenturesInvest NebraskaLink Ventures
Cashdrop provides selling tools that let creators, restaurants, and local businesses launch product "drops" and share links to sell directly.
Creator EconomyE-commerceRetail Tech
Ruben Flores-Martinez(Founder)in
Co-investorsFounder CollectiveJosephine CollectiveKombo VenturesValor Equity PartnersHarlem CapitalHarlem Capital Partners+3 more
Chowly offers an AI-powered platform for independent restaurants that shifts orders from third-party delivery apps to commission-free first-party channels, including branded websites, mobile apps, and online ordering connected to the POS.
AI & Machine LearningFoodTechSaaSChicago, US
Sterling Douglass-Barnes(Executive Officer, Director)Sterling Douglass(Co-Founder & CEO)inJustin McNally(Co-Founder & Chief Innovation Officer)Joseph Lawton(Chief Operating Officer)inTom Lawton(Chief Revenue Officer)Mark Whittle(Chief Technology Officer)
Co-investorsArdent VentureBluestein VenturesChicago VenturesFlyover CapitalHyde Park Venture PartnersMultiplier Capital+3 more
Plural is an AI-powered platform that helps enterprises and organizations analyze legislation and anticipate policy impacts through bill summarization, topic detection, advanced search, and tracking across state and federal jurisdictions.
AI & Machine LearningGovTechLegalTechMounds View, US
Damola Ogundipe(Founder)in
Co-investorsBackstage CapitalDebut CapitalTechstarsHigher Ground LabsMenlo VenturesS3 Ventures
ConstructionClock provides time tracking software designed specifically for construction crews and job site teams.
Construction TechEnterprise SoftwareFuture of WorkSaaS
Co-investorsStartup TNTTrillick Ventures
Continuum provides software to manage and digitize reverse logistics for wholesale distribution, handling post-sales processes such as returns, warranties, and repairs.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaS
Alex Witcpalek(Founder)in
Co-investorsClocktower VenturesExpansion Venture CapitalSignal Peak VenturesGlobal Environment Fund ManagementSingular
Continuum Powders manufactures premium metal powders for advanced manufacturing applications, including aerospace, energy, defense, and medical markets.
Advanced ManufacturingCircular EconomyDeep TechNew Materials
Jon Cozens(Chief Executive Officer)inWinthrop Sheldon(Chief Revenue Officer)inDavid Boersma(Chief Financial Officer)inMatt Charles(Chief Technology Officer)inRizk Ghafari(Chief Operating Officer)in
Co-investorsAra PartnersCowboy VenturesClocktower VenturesDay One VenturesOceans VenturesPelion Venture Partners+2 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)
Co-investorsCapital Midwest FundConnetic VenturesElevate VenturesSerra VenturesService Provider CapitalHyde Park Angels+2 more
Enso Data provides AI-powered analysis of physiological waveforms, particularly sleep studies, to enable clinical diagnosis and patient monitoring.
AI & Machine LearningDigital HealthHealthtechMedical DevicesMadison, US
Christopher Fernandez(Executive Officer, Director)inSam Rusk(Co-Founder & CAIO)inNick Glattard(Co-Founder & CTO)inJustin Mortara(CEO & President)inMatthew D Dobereiner(Executive Officer)Broderick Hensen(Executive Officer)
Co-investorsColle Capital Partnersgener8torGreat North VenturesHealthX VenturesNecessary VenturesQuesta Capital+7 more
Entravia offers workflow software for the PEO (Professional Employer Organization) industry, letting PEOs and brokers collect employer and census data through one secure intake, normalize unstructured documents into quote-ready submissions, and distribute them to multiple providers in parallel.
AI & Machine LearningHR TechSaaSEdina, US
Kasey Devine(Founder)Entravia Leadership Team(Founder)
Co-investorsGROOVE CAPITALMatchstick VenturesService Provider Capital
.png)
Chicago, US
Jennifer Fried(Executive Officer, Director)Eugene Fine(Executive Officer)in
BoardNed Scheetz(Director)inImmanuel Thangaraj(Director)Kris Johnson(Director)Denis Harrington(Director)in
Co-investorsHarvard Business Angels of ChicagoSymphony Alpha VenturesAphelion Capital
Cloud-based veterinary practice management.
Co-investorsBluegrass Angel VentureKeyhorse CapitalRevUp CapitalSpringTime VenturesStout Street CapitalWakestream Ventures
Hummingbirds is a creator platform that connects food and beverage brands with creators across 60+ cities for retail campaigns in grocery stores.
Creator EconomyMarketing TechMarketplacesRetail TechSaaSDes Moines, US
Emily Steele(Co-Founder & CEO)inCharise Flynn(Co-Founder & COO)in
Co-investorsFJ LabsGround Game VenturesInnoventures IowaISA VenturesNext Level Ventures
Immigify is an online platform that provides immigration resources and a community to help individuals navigate the immigration process at their own pace, while also connecting immigration consultants with people seeking their services.
AI & Machine LearningConsumerHR TechImpact & Social GoodLegalTechMarketplacesRoyse City, US
Diana Melendez, MBA(Founder)inEmma S(Founder)
Co-investorsTechstarsInvest NebraskaNelnet
Improovy is a digital platform that connects homeowners with vetted professional painters for residential and commercial painting services, including interior and exterior painting, drywall repair, and related home improvement work.
B2B MarketplacesConstruction TechConsumerMarketplacesPropTechChicago, US
Andre Kazimierski(Founder and CEO)inGarry Cooper(Director)inCarr Lanphier(Executive Officer, Director)in
Co-investorsAllos VenturesChicago Early Growth Ventures (CEGV)FJ LabsMatchstick VenturesTechstarsPareto Holdings
Itiliti Health builds technology to automate the prior authorization process for U.S. healthcare payers, using APIs, interoperability, and automation to communicate payer rules to providers and reduce administrative costs.
Digital HealthHealthtechSaaSEden Prairie, US
Michael Lunzer(Executive Officer, Director)in
BoardLandon Gibbs(Director)in
Co-investorsBread And Butter Ventures, LlcExcelerate Health VenturesGROOVE CAPITALSandalphon CapitalSpringTime Ventures
Joshin provides a workplace support platform offering personalized coaching, trained Navigators, and company-wide education to help employers support employees through accommodations, diagnosis support, caregiving, and disability/neurodivergence needs.
Future of WorkHR TechWellness & FitnessNorth Oaks, US
Melissa Danielsen(Executive Officer, Director, Promoter)inMelanie Fountaine(Executive Officer, Director, Promoter)inMatthew Jones(Director)Alexander Hansen(Executive Officer)
BoardRobert Sarrazin(Director)in
Co-investorsAIFCake VenturesClaritas CapitalService Provider Capital
Kin is a home insurance provider that offers both self-service and agent-assisted policy purchase and management for homeowners.
ConsumerFintechInsurTechChicago, US
Sean Harper(Founder)inLucas Ward(Founder)inSebastian Villarreal(Founder)inBret Bret HarperinJason Heidkampin
BoardEric Carlborg(Director)in
Co-investors500 GlobalACTIVATE CAPITAL PARTNERSAlpha EdisonAugust CapitalAvanta VenturesBetter Tomorrow Ventures+26 more
Minnesota-based meal-kit delivery company shipping locally sourced, chef-designed recipes by growing region.
Climate TechChanhassen, US
Co-investorsTechstarsFirebrand VenturesMatchstick VenturesROUTER VENTURES
.png)
Mimir provides a classroom platform used by computer science instructors at universities to manage courses, with features including automated grading and plagiarism detection.
EdTechIndianapolis, US
Prahasith Veluvolu(CEO)inColton Voege(CTO)inJacobi Petrucciani(CIO)in
Co-investorsChicago VenturesHeartland VenturesHeartland Ventures S7Y CombinatorElevate Capital
Mode provides guidance and information to help cannabis consumers find products and dosing tailored to their lifestyle needs and desired effects.
ConsumerHardwareHealthtechIoTWellness & Fitness
Co-investorsGV (Google Ventures)Merida Capital HoldingsPallasite Ventures
Noise Media Group is a social-first marketing agency that provides strategy, creative content production, and media buying, working as an embedded extension of client teams.
AdTechMarketing TechMedia & EntertainmentUK, GB
Joseph Levi(Founder)in
Co-investorsMiroma Ventures
Oath is building a verification layer for financial infrastructure, aimed at finance teams responsible for confirming and validating numbers.
Data & InfrastructureFintechSaaS
Lucas Ward(Founder)in
Opscompass is a software asset intelligence platform that provides real-time visibility into cloud, on-prem, and database environments, tracking configuration drift, security and compliance checks, and software licensing costs.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareSaaSOmaha, US
John Grange(Director)inDavid Kerber(Executive Officer)Lee H. Hamann(Director)Manuel C. Quevedo(Executive Officer, Director)Scott Griffith(Executive Officer)
Co-investorsDundee Venture CapitalElsewhere PartnersInvest NebraskaNelnet
Page Vault provides website and social media capture tools that produce legally-admissible screen captures with affidavits, metadata, and hashing, keeping users out of the chain of custody.
LegalTechSaaSChicago, US
Jeffrey Eschbach(Executive Officer, Director, Promoter)in
Co-investorsIrishAngelsPallasite VenturesSandalphon CapitalPritzker Group Venture Capital
Pavewise builds construction management software for asphalt paving operations, centralizing jobsite data capture, automated reporting, and compliance documentation to reduce delays and rework.
AI & Machine LearningConstruction TechSaaSDover, US
Bryce Wuori(Executive Officer)Brittany Wuori(Executive Officer)
Co-investorsC2 VenturesConnetic VenturesExit Quotient VenturesGreen Egg VenturesService Provider CapitalFar Out Ventures+1 more
Pear Commerce provides shoppable commerce tools for CPG brands, including onsite where-to-buy locators and in-ad "Pear Connect" experiences that surface inventory-verified, in-stock retailers to move shoppers from digital ads to purchase.
E-commerceMarketing TechRetail TechMinneapolis, US
Alex Wyler(Executive Officer, Director)inEric Martell(Chief Executive Officer)inIan Lavey(Executive Officer)
BoardElizabeth Christo(Director)inGreg Beaufait(Director)in
Co-investorsCSA Partners LLCDundee Venture CapitalGreat North VenturesHeartland VenturesHeartland Ventures S7Homegrown Capital+6 more
Pitchly offers a data enablement platform with data pipeline, data workspace, and data productivity tools that automate data workflows to save time and improve performance for business teams.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFuture of WorkSaaSDes Moines, US
Ryan Gerhardy(Co-founder & CEO)inMichael Brook(Co-founder & CPO)in
BoardMatthew Paulson(Director)inWendy Batchelder(Director)
Co-investorsGreat North VenturesHomegrown CapitalInnoventures IowaISA VenturesNext Level VenturesCabra VC
Playbite is a mobile app offering a library of casual, simple games that anyone can play for free, monetized through ads.
ConsumerGamingMedia & EntertainmentSt. Louis, US
Stuart Feldt(Founder)Diego Kafiein
Co-investors500 GlobalCapitalize VCGrishin RoboticsMAGIC FundTundra Ventures
Plural is an AI-powered policy intelligence platform that helps enterprises and organizations track, summarize, and analyze state and federal legislation.
AI & Machine LearningGovTechSaaS
Damola Ogundipe(CEO & Co-Founder)in
Co-investorsAlumni VenturesBread And Butter Ventures, LlcConsonance Investment ManagersFf Venture CapitalPurpose Built VenturesTech Square Ventures+6 more
Prediction Guard provides a self-hosted control plane that lets enterprises manage, govern, and deploy AI systems, agents, models, and MCP tools within their own security boundary.
AI & Machine LearningCybersecurityEnterprise SoftwareLafayette, US
Daniel Whitenack(CEO)inAdam Cuzzort(Executive Officer)in
Co-investorsJHH vcK Street CapitalRingbolt CapitalService Provider CapitalWaterstone Impact FundFlywheel Fund
Preflight provides a no-code testing platform that automatically generates and maintains web application tests by tracking user interactions and adapting to page changes.
Developer ToolsEnterprise SoftwareSaaSChicago, US
Mustafa Bayramoglu(Founder)inPatrick Johnson
Co-investorsGrand VenturesHyde Park Venture PartnersY CombinatorMucker CapitalOCA VenturesVenture Investment Associates
PrintWithMe operates self-serve, wireless printer stations that let users print, copy, scan, and fax documents via web, email, or an iOS app.
HardwarePropTechSaaSChicago, US
Jonathan Treble(Executive Officer, Director)in
BoardJeffrey B. Maters(Director)inRyan Jeffrey(Director)
Co-investorsNewlin VenturesNetwork VenturesNew Stack Ventures
Promota provides AI agents that build targeted prospect lists from consumer data and run personalized, multi-channel outreach campaigns (email, LinkedIn, Facebook, X, and paid ads) to deliver warmed-up leads.
AI & Machine LearningMarketing TechSales Tech
Co-investorsSterling Road
Quiver Quantitative scrapes and aggregates alternative stock market data from across the internet into a free web dashboard.
ConsumerData & InfrastructureFintechSaaS
Christopher Kardatzke(Founder)in
Co-investorsAllos VenturesAlumni VenturesConnetic VenturesIdea of La Crosse
Rapchat is a mobile-first music creation platform where artists record songs, discover beats, collaborate with other creators, and share music.
ConsumerCreator EconomyMedia & EntertainmentSocial
Co-investors500 GlobalRainfall VenturesLondon Venture PartnersRev1 VenturesSony Music EntertainmentTechNexus Venture Collaborative
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
Ani Rangarajan(Co-Founder)inMatt Weirich(Co-Founder & CEO)in
Co-investorsCapital Midwest FundCharmides CapitalElevate VenturesSusquehanna Growth EquityMeridian Street Capital
Rebundle sells hand-made hair bundles produced by artisans in East Africa, with pricing structured by bundle quantity and head coverage needs.
Circular EconomyConsumerDirect to ConsumerNew Materials
Co-investorsChicago Early Growth Ventures (CEGV)Evergreen Climate InnovationsPortfoliaRareBreed VenturesSKU'D VenturesGE Ventures
Redi Health builds patient access and affordability programs that connect pharmaceutical manufacturers to patients through targeted approaches designed to increase medication adoption and sustained use.
Digital HealthHealthtechSaaS
Luke Buchanan(Founder)inJaimin Gandhi(Founder)in
Co-investorsMutual Capital PartnersBlue Heron CapitalRefinery VentureRev1 Ventures
Chicago, US
Ryan Coon(Executive Officer, Director)inLaurence Jankelow(Executive Officer, Director)
Co-investorsCharmides CapitalCultivation CapitalSandalphon Capital
Rheaply provides a platform that enables organizations to create sharing economies by connecting users with underutilized workplace resources, allowing goods and materials to find new uses rather than be discarded.
Circular EconomyCleantechE-commerceEnterprise SoftwareImpact & Social GoodSaaSChicago, US
Dr. Garry CooperGarry Cooper, Jr.(Executive Officer, Director)Thomas Fecarotta(Executive Officer)inTyler Skelton(Executive Officer, Director)Peter John Tucker(Executive Officer)
BoardMike Fitzgerald(Director)in
Co-investors100 Black Angels & Allies FundCleveland AvenueCollide CapitalEnergy Impact PartnersHigh AlphaRevolution+9 more
Ripple Science offers EnrollNow, a HIPAA-compliant, SOC 2-certified platform for managing research participant prescreening, enrollment, scheduling, and communication.
Digital HealthHealthtechSaaS
Co-investorsDundee Venture CapitalID VenturesInvest MichiganMercury FundMichigan Capital NetworkMichigan Rise+4 more
A team of product strategists, engineers, data scientists and designers building products and tools to advance life sciences and facilitate healthcare innovation.
Chicago, US
Jason Smith(Executive Officer, Director)Lev Becker(Executive Officer, Director)
BoardJohn Clyman(Director)
Co-investorsNarrow Gauge VenturesStout Street CapitalAARP
Prescription delivery platform connecting pharmacies, patients, and couriers to improve medication access and adherence
HealthtechColumbus, US
Amanda Epp(Executive Officer)in
Co-investorsEvolution VC PartnersJumpstart CapitalJumpstart VenturesOhio Innovation FundPixel Perfect VenturesJumpstart Foundry
Skyepack works with universities and K-12 institutions to develop affordable course materials and microcredential programs, and offers instructional design and content delivery services for corporate customer education.
EdTechWest Lafayette, US
J. Eric Davis(Manager)inAndy Clark(Manager)inBrady Kalb(CEO and Manager)David Castor(Manager)
Co-investorsElevate Ventures
Sportsman Tracker provides HuntWise, a data-driven SaaS platform and mobile app that uses satellite imagery, mapping overlays, and animal movement algorithms to help hunters identify optimal times and locations to hunt across North American game species.
AgTechSaaSSports TechGrand Rapids, US
Jeff Courter(Founder)John Schwander(Executive Officer, Director)
BoardTim Streit(Director)Mark Peterson(Director)Mike DeVries(Director)
Co-investorsID VenturesWakestream VenturesDetroit InnovateHuron River VenturesStart Garden
Stagetime is an online platform for the performing arts where artists such as opera singers and musicians build professional profiles with headshots, video, credits, and training.
HR TechMarketplacesMedia & EntertainmentSaaSBloomington, US
Jennie Moser(Executive Officer, Director)in
BoardScott Eisen(Director)
Co-investorsChicago Early Growth Ventures (CEGV)Connetic VenturesElevate VenturesGravity VenturesIU VenturesService Provider Capital+3 more
SteadyMD operates a telehealth platform that connects clinicians with remote care opportunities across the United States, serving over 200,000 patients while providing flexible work arrangements and support services for healthcare providers.
Digital HealthFuture of WorkHealthtechSt. Louis, US
Yarone Goren(Founder)inGuy Friedman(Founder)in
BoardChris Cooper(Director)Deena Shakir(Director)in
Co-investorsAcrew CapitalCerity Partners VenturesCrosscut VenturesDraper AssociatesFirst Trust Capital PartnersHyde Park Venture Partners+8 more
Lori Coulter(Founder)Reshma Chattaram Chamberlin(Founder)
Co-investorsBread And Butter Ventures, LlcDundee Venture CapitalMercato Partners
Swept AI provides runtime supervision, policy enforcement, and monitoring for AI assistants, agentic workflows, and customer-facing AI features, giving security teams real-time visibility and control over AI behavior.
AI & Machine LearningCybersecurityEnterprise SoftwareFuture of Work
Co-investorsID VenturesService Provider CapitalWellington ManagementAfore CapitalAnn Arbor SPARKBDC Capital Corporation+2 more
Top Tier Lessons connects college athletes with families to provide sports instruction, handling scheduling, payments, and safety for both coaches and parents.
B2B MarketplacesConsumerMarketplacesSports TechChicago, US
Cara Bognar(Founder)in
Co-investorsIllinois VenturesJosephine CollectiveMu Ventures
Trainual is a training management and knowledge platform where companies document processes, SOPs, roles, and onboarding, with an AI assistant that builds training, tracks goals and scorecards, and answers people-related questions.
Future of WorkHR TechSaaSScottsdale, US
Christopher Ronzio(Executive Officer, Director)Jonathan Ronzio(Executive Officer, Director)inGreg Robinson(Director)Clate Mask(Director)
BoardTroy Henikoff(Director)in
Co-investorsPHX Ventures4490 VenturesAltos Ventures
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(CEO)in
Co-investorsY CombinatorBlockchange VenturesGrit VenturesMercury FundTDF Ventures
Upsie offers consumer protection plans for devices, positioned as an alternative to plans sold by retailers and manufacturers, with lower prices, transparent coverage terms, and 24/7 claims service.
ConsumerFintechInsurTechBurnsville, US
Clarence Bethea(Founder & Executive Chairman)inWill(CEO)Katie(VP of Customer Experience)Chad(VP Growth Marketing)Jame(VP of Engineering)Rob(VP of Repair Operations)
Co-investorsBackstage CapitalBread And Butter Ventures, LlcMatchstick VenturesTechstarsEquity AllianceGeodesic Capital+1 more
Vigil provides insurance carriers with policy servicing software that digitizes applications and post-issue service transactions for agents and policyholders, using AI agents to automate paperwork, data collection, and validation.
AI & Machine LearningInsurTechSaaS
Co-investorsClocktower Ventures
The page shown is only a marketing-website privacy policy for Whistle, and it does not describe the company's product or services in usable detail.
Co-investorsDundee Venture CapitalIron PrairieNGP CapitalPixel Perfect VenturesSoundboard Venture FundDCM+1 more
Hardware privacy company; member testimonial from founder Richard Stokes.
Chicago, US
RICHARD STOKES(Executive Officer, Director)in
Co-investorsmHUBConnetic VenturesFounder EquityNew Stack VenturesRefinery Venture
Zohr provides mobile tire replacement and repair services that come directly to customers at their location.
Advanced ManufacturingB2B MarketplacesConsumerMobility & TransportationKansas City, US
Co-investorsExpansion Venture CapitalFirebrand VenturesKCRise FundTechstarsTrucks VC
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AbleAbleteamsAbreApp PressAutomatic UI testingAvailBezlioBilling API for recurring billingBlock Six AnalyticsConvrCorral TechnologiesCostelloDattusdigital credentialsDynamo MetricseGalvanicFanboxGeneticureGlideraHearkenHinckley MedicalHome insurance without the hassleHumanpredictionsIdelicIdelic TechInactiveKnowledgehoundLoopLuna LightsLynxMarkit MedicalMission Control GgOneDoseOpenfinanceOpenFinance NetworkPactsafePairadePetronicsPluralRegroup TherapyRyvitScanalyticsSenticSpatialTitleWiseUnannouncedUnannounced HealthcareVigil SoftwareXstereotypeYottled
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 · 7
7 acquisitions · showing 4ExplORer Surgicalacq. by Global Healthcare Exchange (GHX)Mimiracq. by HackerRankMission Control Ggacq. by LeagueSpotPreflightacq. by Applitools
Portfolio news
latest coverage across their companiesEnsoData · finsmes.com · May 13, 2026
Trava · ycombinator.com · Nov 16, 2025
Pavewise · finsmes.com · Oct 22, 2025
Kin Insurance · finsmes.com · Sep 8, 2025
Swept · swept.ai · Sep 8, 2025
Prediction Guard · predictionguard.com · May 13, 2025
Frequently asked questions
- How many investments has M25 made?
- M25 has 126 tracked investments, 7 of which have exited, including 10 dated in the last 24 months.
- What stage does M25 invest at?
- M25 invests at the Pre-Seed, Seed stages.
- What is M25's typical check size?
- M25 typically writes checks of $500K – $3M.
- What sectors does M25 focus on?
- M25 focuses on Advanced Manufacturing, 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.
- Who does M25 co-invest with?
- M25 most often shares deals with Connetic Ventures, Service Provider Capital, Elevate Ventures, among 109 tracked co-investors.
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 teamMidwest 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
Co-investors · 22
Hyde Park Venture Partners is an early-stage venture firm backing founding teams with Midwest roots, investing from pre-seed through early Series A.
Invest Nebraska is a Nebraska-based investment organization that provides financial and operational support to high-growth companies, advances the state's entrepreneurial economy, and works to attract out-of-state capital to Nebraska.
Inovia Capital is a full-stack venture capital firm based in Canada with a presence in the EU, partnering with founders to build global technology companies.
Geodesic Capital is a venture firm founded by former U.S. Ambassador to Japan John Roos that invests in growth-stage technology companies and helps them expand into the Japanese market, and also runs the Alliance Fund for early-stage deep tech, national security, and space companies strengthening U.S.-Japan ties.
Next Level Ventures is an Iowa-based venture capital firm founded in 2014 that invests in early-stage and growth-stage technology companies across the Midwest and beyond, with a strong focus on fintech for credit unions and financial institutions.
Blue Heron Capital is an early-stage growth equity firm based in Richmond, Virginia, with an additional presence in Washington, D.C. It funds companies in healthcare and enterprise technology, pairing its capital with operational support delivered through its network of operating advisors, the OA Collaborative.
True Ventures is an early-stage venture capital firm that has backed founders since 2005, partnering at the earliest moments of company building.
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.
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.
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.
Bedrock is an investment firm whose stated approach centers on identifying opportunities that run counter to prevailing market narratives.
▶10 more co-investors
Cultivation CapitalCambrian VenturesPreface VenturesC2 VenturesEquity AllianceEvergreen Climate InnovationsEverywhere VenturesTribe Capitalat.inc/Village Capital
Firms observed investing alongside M25, from public investor directories. Shared companies are the overlap with M25's recorded portfolio.
Similar investors
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.
MPG Fund is an early-stage venture investor backing technology startups.
Fly Ventures is an early-stage venture firm that backs founders at the zero-to-one stage, with portfolio companies going on to raise substantial follow-on funding from top US and European VCs.
Transpose Platform Management is a venture capital firm that backs founders and early-stage technology companies across a wide range of sectors, with a large portfolio weighted heavily toward AI-focused startups.