MATH Venture Partners

MATH Venture Partners is a venture capital firm based in Chicago, Illinois, established in 2014. The firm specializes in early to middle-stage investments primarily in technology companies across the United States and Canada, focusing on sectors such as e-commerce, SaaS, marketplace, and tech-enabled services. MATH Venture Partners seeks to partner with entrepreneurial teams that prioritize customer acquisition and demonstrate a commitment to continuous improvement. The firm is managed by experienced investors and operators who have successfully scaled companies to significant exits. With a hands-on approach, MATH Venture Partners builds deep, personal relationships with founders, emphasizing collaboration and mentorship to foster growth and innovation in their portfolio companies.

Mark Achler

Managing Director

David Semmel

Venture Partner

Dana Wright

Managing Director

Past deals in Illinois

Improovy

Seed Round in 2022
Using technology and data, Improovy's full-service platform allows homeowners to get an accurate price, get matched to a fully certified contractor, and schedule their project online in 2 minutes or less. Founded by the owners of some of the largest and fastest-growing contracting companies in the nation, Improovy knows what it takes to provide a world-class home improvement service experience. As a result, Improovy's revolutionary system empowers contractors to perform the best work of their lives.

@Hotel

Series A in 2022
TripScout, Inc. is a travel entertainment company based in Chicago, Illinois, established in 2015. It has developed an application that enables travelers to visually discover destinations through a variety of content, including articles, posts, blogs, photos, and videos contributed by influencers and publishers. The application allows users to create personalized travel itineraries by mapping relevant content, serving as an up-to-date travel guide for those eager to explore new places. TripScout aims to enhance the travel planning experience by providing a comprehensive platform tailored to the needs of modern travelers.

Metopio

Seed Round in 2021
Developer of a data-finding platform designed to discover deep insights and plan meaningful actions for places and populations. The company's platform features pre-loaded, curated data, built-in analytics, and powerful visualizations, enabling public health departments and their partners to share data, meet increased demand for healthcare analytics, and advance initiatives to reduce disparities.

86 Repairs

Seed Round in 2021
86 Repairs is a computer software company based in Chicago, Illinois, that offers a subscription service tailored for restaurant groups to manage their entire repair process. Founded in 2018, the company provides a maintenance management platform that oversees equipment repairs for essential kitchen appliances such as ice machines, dishwashers, and ovens. By handling the end-to-end repair and maintenance process, 86 Repairs allows restaurant owners to alleviate the burden of equipment management, enabling them to focus on delivering quality service to their guests. The company also offers 24/7 support and actionable insights aimed at improving back-of-house operations.

chowly

Venture Round in 2021
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

@Hotel

Seed Round in 2021
TripScout, Inc. is a travel entertainment company based in Chicago, Illinois, established in 2015. It has developed an application that enables travelers to visually discover destinations through a variety of content, including articles, posts, blogs, photos, and videos contributed by influencers and publishers. The application allows users to create personalized travel itineraries by mapping relevant content, serving as an up-to-date travel guide for those eager to explore new places. TripScout aims to enhance the travel planning experience by providing a comprehensive platform tailored to the needs of modern travelers.

Enduvo

Seed Round in 2020
Enduvo, Inc. is a software company that specializes in virtual reality content authoring and delivery. Based in Wilmette, Illinois, the company offers a platform that empowers users to create, share, and engage with immersive learning experiences in three-dimensional environments. Its tools are designed for individuals without coding experience, enabling them to produce and distribute rich, interactive virtual content quickly and easily. Enduvo's services extend to content creation, training, implementation, 3D model development, instructional design, and project management. The company serves a diverse range of industries, including government, healthcare, manufacturing, and education. Founded in 2017, Enduvo aims to simplify the process of creating virtual and augmented reality content, making it accessible to a broader audience.

Apervita

Venture Round in 2019
Apervita is a trusted healthcare collaboration platform for quality measurement, clinical intelligence, value optimization, and interoperability. They empower payers and providers and other stakeholders to more efficiently and effectively measure clinical and financial performance, improve clinical quality, and administer and run analytics on value-based contracts. By providing an independent, secure, trusted platform to perform shared analyses, Apervita uniquely allows stakeholders to gain mutual, continuous clinical and financial insights and integrate those insights into various systems and workflows simultaneously and at scale. Serving more than one in three hospitals in the United States and several nationally recognized health plans, Apervita conducts more than 10 billion value-based computations and insights for their clients every year. The company maintains office locations in Chicago and Boston.

NowSecure

Series B in 2019
NowSecure, Inc. specializes in mobile app security testing software and services, providing solutions designed to identify security threats, compliance gaps, and privacy issues in both custom-developed and commercial mobile applications. The company's flagship offerings include the NowSecure Platform, which automates security and privacy testing for mobile apps, and NowSecure Workstation, a comprehensive kit that streamlines mobile app vulnerability assessments. Additionally, NowSecure Data continuously monitors commercial applications for security and compliance risks, while NowSecure Services offers manual penetration testing, developer training, and technical support. Founded in 2009 and headquartered in Chicago, Illinois, NowSecure serves various sectors, including financial services, retail, hospitality, and government. The company emphasizes efficient security testing, aligning its services with Agile and DevSecOps methodologies to ensure that clients can rapidly address vulnerabilities in their mobile applications.

86 Repairs

Seed Round in 2019
86 Repairs is a computer software company based in Chicago, Illinois, that offers a subscription service tailored for restaurant groups to manage their entire repair process. Founded in 2018, the company provides a maintenance management platform that oversees equipment repairs for essential kitchen appliances such as ice machines, dishwashers, and ovens. By handling the end-to-end repair and maintenance process, 86 Repairs allows restaurant owners to alleviate the burden of equipment management, enabling them to focus on delivering quality service to their guests. The company also offers 24/7 support and actionable insights aimed at improving back-of-house operations.

rMark Bio

Seed Round in 2019
rMark Bio, Inc. is a software company specializing in artificial intelligence solutions tailored for the life sciences sector, including pharmaceutical companies, academic institutions, and medical device firms. The company's flagship platform, Fabric, integrates real-time business objectives with the activities of researchers to facilitate informed decision-making. This platform aims to streamline processes, enhance collaboration, and boost return on investment in thought leader engagements. By providing analytics that connect global healthcare data with internal clinical research information, rMark Bio empowers users to optimize their partnership and engagement strategies throughout the product lifecycle. Founded in 2012 and based in Chicago, Illinois, rMark Bio was previously known as rMark Biogenics, LLC.

Jiobit

Venture Round in 2018
Jiobit specializes in real-time location tracking technology for children, adults, and pets. Its flagship product is a compact and durable tracking device that operates through a smartphone app, enabling users to locate their loved ones in various environments, including multi-level buildings and across more than 120 countries. The device is designed for longevity, boasting several weeks of battery life, and offers features such as custom geofencing, smart alerts, and detailed location history. Jiobit's innovative platform integrates advancements in hardware, cybersecurity, and consumer software to provide comprehensive monitoring capabilities. The team behind Jiobit consists of experienced engineers, designers, and marketers who have previously developed numerous successful consumer products. The company is headquartered in Chicago, with a development center in Silicon Valley.

The Minte

Seed Round in 2018
The Minte, based in Chicago, Illinois, provides hotel-style housekeeping services primarily for high-rise apartment residents. Established in 2017, the company employs a building-centric staffing model to ensure consistent and reliable cleaning. Its offerings include a range of cleaning tasks such as sweeping and spot cleaning floors, wiping countertops, loading dishwashers, decluttering rooms, and refreshing bathrooms. Residents can easily book services through a mobile app or by using a convenient button located outside their door, allowing for a seamless experience in maintaining their living spaces.

Swing King

Seed Round in 2018
Operator of golf contest programs intended to bring excitement back to the course with the first fully automated hole-in-one contest designed for everyday play. The company's programs include an on-course sales program, membership program, tournament program, daily play, and guest program, enabling clients to generate revenue for the course and enjoyment for their golfers.

chowly

Series A in 2018
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

SpotHero

Series C in 2018
SpotHero Inc. provides a digital platform for reserving off-street parking in North America, aiming to alleviate urban congestion by streamlining the parking process. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, the company offers a mobile application and website that enable drivers to locate, compare, and book discounted parking spots. Users can easily access information about nearby parking facilities, facilitating a more efficient parking experience and reducing the time spent searching for parking. SpotHero also collaborates with mobility companies to integrate parking solutions into their services, enhancing overall convenience for users.

Eta Vision

Seed Round in 2018
Data centers and utilities that thanklessly run in the background get They full attention. Thier help maximize infrastructure flexibility, reliability, and efficiency, and improve operator visibility by creating a smart zero management sensor network and control system. We exist to help make complex systems simple and sustainable while helping operators conceptualize and manage them.

SpotHero

Series C in 2017
SpotHero Inc. provides a digital platform for reserving off-street parking in North America, aiming to alleviate urban congestion by streamlining the parking process. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, the company offers a mobile application and website that enable drivers to locate, compare, and book discounted parking spots. Users can easily access information about nearby parking facilities, facilitating a more efficient parking experience and reducing the time spent searching for parking. SpotHero also collaborates with mobility companies to integrate parking solutions into their services, enhancing overall convenience for users.

Digital Golf Technologies

Venture Round in 2017
Digital Golf Technologies LLC, based in Elmhurst, Illinois, specializes in enhancing the golfing experience through innovative technology and contest offerings. Founded in 2014, the company operates under the brand Swing King and provides an automated hole-in-one contest that integrates HD cameras to capture real-time footage of golfers on par-3 holes. This technology allows for live streaming of the play back to the clubhouse, creating an engaging atmosphere for both golfers and course staff. Digital Golf Technologies also offers a range of programs, including daily play, membership management, and tournament organization, aimed at increasing revenue for golf courses while offering participants the chance to win cash prizes and receive HD video footage of their achievements. By enhancing traditional golfing elements, the company aims to reward golfers for significant accomplishments while ensuring a seamless experience at participating facilities.

Jiobit

Seed Round in 2017
Jiobit specializes in real-time location tracking technology for children, adults, and pets. Its flagship product is a compact and durable tracking device that operates through a smartphone app, enabling users to locate their loved ones in various environments, including multi-level buildings and across more than 120 countries. The device is designed for longevity, boasting several weeks of battery life, and offers features such as custom geofencing, smart alerts, and detailed location history. Jiobit's innovative platform integrates advancements in hardware, cybersecurity, and consumer software to provide comprehensive monitoring capabilities. The team behind Jiobit consists of experienced engineers, designers, and marketers who have previously developed numerous successful consumer products. The company is headquartered in Chicago, with a development center in Silicon Valley.

chowly

Seed Round in 2017
Chowly Inc., founded in 2015 and headquartered in Chicago, Illinois, specializes in software solutions that integrate third-party online ordering platforms with restaurant point of sale (POS) systems. The company connects various online ordering services, including Grubhub, UberEats, DoorDash, and Caviar, to streamline restaurant operations. By providing these integrations, Chowly aims to enhance efficiency, reduce staffing costs, and minimize errors, ultimately increasing revenue for restaurants. The company is committed to delivering affordable technology-based solutions tailored for the restaurant industry.

LogicGate

Seed Round in 2016
LogicGate, Inc. offers an enterprise process automation platform that helps organizations manage risk and compliance more effectively. Founded in 2015 and based in Chicago, Illinois, LogicGate's platform enables users to create applications through a user-friendly drag-and-drop interface. It focuses on various areas such as regulatory change management, enterprise risk management, incident management, and compliance, catering to industries including software, fintech, telecommunications, banking, insurance, healthcare, and energy. By streamlining disorganized processes, LogicGate enhances transparency and collaboration within organizations, allowing them to quickly adapt to changes and manage critical risks without relying heavily on external consultants. The platform centralizes data and automates workflows, ensuring that users have immediate access to essential information, which aids in effective decision-making and compliance oversight.

Lightstream

Seed Round in 2015
Lightstream builds live streaming creative tools and technology with a true passion for live video production, gaming and supporting the explosive growth of creators and their communities. Their cloud-based technology and products transform difficult technical hurdles into streamlined workflows – empowering creators to effortlessly share their passion, talent, and creativity on live streaming platforms like Mixer, Twitch, Facebook, YouTube, and more. Since 2014, they have been building a cloud-based live streaming studio with the goal of removing all the technical hurdles and putting advanced production capabilities in the hands of beginners. Today, they have thousands of creators streaming with Lightstream Studio for thousands of hours every day. They have partnered with Microsoft to offer Lightstream Studio to millions of Xbox and Windows streamers as part of the native OS experience – in addition to licensing their technology to major game studios and media companies.

ThinkCERCA

Series A in 2015
ThinkCERCA is an education technology company that operates a personalized literacy platform aimed at nurturing critical thinking, reading, and writing skills for students in grades 4-12. The platform emphasizes argumentative writing and facilitates collaborative discussions and debates within classrooms, allowing teachers to design, share, deliver, and assess lessons effectively. With users in all 50 states and over 130 countries, ThinkCERCA has established partnerships with notable organizations in the education sector and has received recognition for its contributions to literacy education, including accolades from the Bill & Melinda Gates Foundation and Common Sense's Graphite. By tracking real-time progress in reading and writing, the platform empowers students to engage deeply with various subjects through the process of argumentation.

Apervita

Series A in 2015
Apervita is a trusted healthcare collaboration platform for quality measurement, clinical intelligence, value optimization, and interoperability. They empower payers and providers and other stakeholders to more efficiently and effectively measure clinical and financial performance, improve clinical quality, and administer and run analytics on value-based contracts. By providing an independent, secure, trusted platform to perform shared analyses, Apervita uniquely allows stakeholders to gain mutual, continuous clinical and financial insights and integrate those insights into various systems and workflows simultaneously and at scale. Serving more than one in three hospitals in the United States and several nationally recognized health plans, Apervita conducts more than 10 billion value-based computations and insights for their clients every year. The company maintains office locations in Chicago and Boston.

NowSecure

Series A in 2014
NowSecure, Inc. specializes in mobile app security testing software and services, providing solutions designed to identify security threats, compliance gaps, and privacy issues in both custom-developed and commercial mobile applications. The company's flagship offerings include the NowSecure Platform, which automates security and privacy testing for mobile apps, and NowSecure Workstation, a comprehensive kit that streamlines mobile app vulnerability assessments. Additionally, NowSecure Data continuously monitors commercial applications for security and compliance risks, while NowSecure Services offers manual penetration testing, developer training, and technical support. Founded in 2009 and headquartered in Chicago, Illinois, NowSecure serves various sectors, including financial services, retail, hospitality, and government. The company emphasizes efficient security testing, aligning its services with Agile and DevSecOps methodologies to ensure that clients can rapidly address vulnerabilities in their mobile applications.
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