Math Venture Partners Closes Second Venture Fund, at $46M

mathMath Venture Partners, a Chicago, IL-based early stage venture capital firm, closed a new fund, at $46m.

MATH II, its second since 2014, will continue to invest in early-stage technology companies across industries including:
– B2B/B2C software,
– marketplaces,
– ecommerce, and
– IoT.

The new fund will make approximately 15 venture investments with initial investment size up to $2m. It will also make 20-25 seed level investments of $100,000 each. With a primary focus in the Midwest and other under-capitalized markets, it invests across the U.S. and Canada.

Led by managing directors Mark Achler, Troy Henikoff, and Dana Wright and principal Samara Mejia Hernandez, Math Venture Partners has more than three dozen companies in its portfolio, including Acorns, BuiltIn, Cardflight, ChefHero, Chowly, EatStreet and SpotHero.
The first fund made 16 venture investments including Acorns, Apervita, BuiltIn, Cardflight, EatStreet and SpotHero.



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