Chicago, Illinois based early stage venture capital firm MATH Venture Partners announced the launch of a new fund, which will invest in new tech companies that “demonstrate an unfair advantage in customer acquisition and retention.”
MATH II is the newest fund that has $46 million to work with and a team from the parent fund that has already helped net 16 investments since MATH was launched.
MATH’s specialty is digital tech companies across different industries including B2B and B2C software, Internet of Things, eCommerce and marketplaces. The new fund will make approximately 15 venture investments with its $2 million (so far) war chest. It will also make up to 25 seed level investments of $100,000 each, focusing on Midwest “and other under-capitalized markets” in North America.
MATH II will have a four person team consisting of three managing directors, Mark Achler, Troy Henikoff and Dana Wright. Samara Mejia Hernandez, formerly with Goldman Sachs, will be leading the team. According to MATH, the team has been working together since 2015 developing such startups as SpotHero, EatStreet, Apervita, Cardflight, ChiefHero and Builtln.
Video credit: MATH/Vimeo
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