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Venture Management

Family office

Madison · Seed–Growth · 3 people tracked

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Investment thesis

VMLLC is a private investment office focused on seed and growth-stage technology companies, with most investments concentrated in businesses based in or investing in Wisconsin's economy. Active positions span advanced manufacturing, internet services and sales, medical devices, biotechnology, and pharmaceuticals. Beyond direct investments, the firm acts as a limited partner in Venture Investors and several gener8tor accelerator funds, and its principals are active mentors and members of the regional angel investing community, frequently co-investing alongside area venture funds and angel groups.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
HQ
Madison, Wisconsin, US
Instruments
Equity
Founded
1994
Tracked investments
19

Team · 3 people

from the firm's website
Terence F. Kelly· President

Founded VMLLC in 1994 and serves as president; a longtime figure in Wisconsin's angel and venture community who has founded five technology businesses, holds over a dozen US patents, and was named an Ernst & Young Entrepreneur of the Year. He previously founded and ran Weather Central and MyWeather until their 2012 sale to The Weather Channel, and currently serves as board observer for FluGen and Madison Vaccines.

Matthew T. Kelly· Vice President

Joined VMLLC in 2012 as Vice President and is active in the angel and venture capital communities, co-managing Wisconsin Investment Partners. A former project finance attorney at Milbank, he holds a law degree from American University and a B.S. in Biochemistry and History from UW-Madison, and serves as board observer for Immuto Scientific.

Debra McCue· Controller

Serves as Controller for VMLLC with more than 15 years of experience at the firm.

Investments · 19 tracked

founders shown can be your intro path
AIQaiq-solutions.comin𝕏
Berbee Information Systems
Carson Lifecarsonlife.com
Celleration
FluGenflugen.com
Gander Mountain
Immuto Scientific

Contract research organization specializing in protein characterization services for the pharmaceutical industry using patented technology.

Invenra

Developer of next-generation biologics, emphasizing multispecific antibodies via its B-Body bispecific platform and high throughput functional screening.

Jellyfish
NeuWave Medical
nPoint
ParqExparqex.com
Phoenix
Promega
Sitka Salmon Sharessitkasalmonshares.com
TermSync
TomoTherapy
Ultravisual

Frequently asked questions

What stage does Venture Management invest at?
Venture Management invests at the Seed, Series A, Series B, Growth stages.
What sectors does Venture Management focus on?
Venture Management focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Deep Tech, Energy, Enterprise Software, Medical Devices, New Materials, SaaS.
Where is Venture Management located?
Venture Management is headquartered in Madison, US.

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