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Office Locations:
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222 W. Merchandise Mart Plaza, Suite 1212 c/o 1871
Chicago, IL 60654
Phone: 312-404-4555
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Information Technology
Media & Digital Media
Software & Internet
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MATH Venture Partners is an early to growth-stage fund managed by a seasoned team of hands-on investors and operators. The two founders are veterans of the Chicago tech startup community. Troy Henikoff is managing director of TechStars Chicago (formerly known as Excelerate Labs), a startup accelerator program housed at 1871. Mark Achler is a former Redbox Automated Retail LLC executive and venture capitalist. Both men teach entrepreneurship at Northwestern University's Kellogg School of Management. Mr. Achler's former venture fund, Kettle Partners, backed Sure Payroll, which was co-founded by Mr. Henikoff and sold to Paychex Inc. for $115 million in 2011. MATH Venture Partners' core, venture investments, are sized between $1-2 million, with reserves of 1-2x the initial investment.They also make seed-stage investments of $100,000 when the team is still searching for product-market fit and/or a scalable customer acquisition model. The team has partnered with more than 200 companies.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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